$WY (Weyerhaeuser Co.)

$WY {{ '2016-05-06T14:45:07+0000' | timeago}} • Webcast

Anthony Pettinari of Citigroup asks about lumbar prices stronger than expected, and demand for lumbar. $WY said the company is encouraged by what is seen in lumbar and the price increases. Lumbar prices have continued to go up and the demand has been strong.

$WY {{ '2017-07-19T13:20:03+0000' | timeago}} • Announcement

$WY said it is implementing a solution to address concerns regarding its TJI Joists with Flak Jacket Protection product. The recent customer feedback regarding an odor in certain newly constructed homes is related to a recent formula change to the Flak Jacket coating that included formaldehyde-based resin.

$WY {{ '2017-06-28T20:36:03+0000' | timeago}} • Announcement

$WY plans to voluntarily withdraw its common stock from listing on the Chicago Stock Exchange, but will continue to be listed on the NYSE. This was made to eliminate the costs and duplicative administrative requirements associated with dual listings. The withdrawal is expected to be effective on or about July 20, 2017.

$WY {{ '2017-06-05T12:23:01+0000' | timeago}} • Announcement

$WY will sell its timberlands and manufacturing business in Uruguay to a consortium led by BTG Pactual's Timberland Investment Group, including other long-term institutional investors, for $402.5MM in cash. The transaction is expected to close in 4Q17.

$WY {{ '2017-05-19T11:21:40+0000' | timeago}} • Announcement

$WY BoD declared a dividend of $0.31 per share on the common stock of the company, payable in cash on June 23, 2017 to holders of record of such common stock as of the close of business on June 9, 2017.

$WY {{ '2017-04-28T19:52:44+0000' | timeago}} • Webcast

$WY said that in 2Q17, the company does not expect any significant improvement in saw log pricing. However, the company does believe there is some potential for some minor pricing traction in late 2017 as demand continues to grow. Moving into 2018 and beyond, $WY expects better pricing on Southern saw logs.

$WY {{ '2017-04-28T19:48:28+0000' | timeago}} • Webcast

In terms of log export market in Japan, $WY stated that Japan housing market remains solid. 2017 total starts were up about 5% YoY through February. The company added that demand and pricing per logs was strong in 1Q17 and $WY expects it to continue into 2Q17.

$WY {{ '2017-04-28T19:44:17+0000' | timeago}} • Webcast

$WY's mill inventories remained thin in the quarter, especially in Oregon. The company saw better inventories in 1Q17, but mill inventories continue to be thin. Overall, $WY expects prices in the West to be up slightly in 2Q17.

$WY {{ '2017-04-28T19:23:40+0000' | timeago}} • Webcast

$WY said that in Wood Products operation it will be investing at an approx. $300MM in the next couple of years. The company does not anticipate investing more than that during the timeframe. However, after investing at the $300MM level for the next couple of years, it would anticipate going back down to the normalized level of between $200-250MM.

$WY {{ '2017-04-28T10:28:50+0000' | timeago}} • Announcement

$WY expects significantly higher earnings and Adjusted EBITDA from the Wood Products segment in 2Q17 compared with 1Q. The company expects higher average sales realizations for lumber, oriented strand board and engineered wood products as well as increased sales volumes.

$WY {{ '2017-04-28T10:27:10+0000' | timeago}} • Announcement

$WY expects 2Q17 earnings and Adjusted EBITDA from the Timberlands segment to be comparable to 2Q16. $WY sees 2Q17 earnings and Adjusted EBITDA from the Real Estate, Energy & Natural Resources segment to be comparable to 1Q, and still sees 2017 Adjusted EBITDA for the segment to exceed $250MM.

$WY {{ '2017-04-28T10:24:23+0000' | timeago}} • Announcement

$WY reported a rise in 1Q17 earnings driven by higher sales. Net income rose to $157MM or $0.21 per share from $70MM or $0.11 per share last year. Sales grew to $1.69Bil from $1.41Bil. Excluding items, EPS increased to $0.22 from $0.20.

$WY {{ '2017-02-10T11:32:09+0000' | timeago}} • Announcement

$WY's BoD declared a dividend of $0.31 per share on its common stock. The dividend is payable in cash on March 17, 2017 to stockholders of record as of the close of business on March 3, 2017.

$WY {{ '2017-02-03T15:47:35+0000' | timeago}} • Webcast

In terms of operating rates, $WY said it is optimistic about demand moving into 2017 for all of its products. The company anticipates Lumber and Oriented Strand Board operating in the low to mid 90 range, and Engineered Lumber Products operating in the mid 80 range.

$WY {{ '2017-02-03T15:26:55+0000' | timeago}} • Webcast

$WY is targeting additional operational excellence improvements of $95-125MM across all businesses for 2017. This includes $40-55MM in Timberlands, $20MM in Lumber, $20-25MM in Oriented Strand Board, $10-15MM in Engineered Wood Products and $5-10MM in Distribution.

$WY {{ '2017-02-03T15:10:53+0000' | timeago}} • Webcast

In 2016, $WY delivered the highest annual Wood Products earnings in over a decade. During the year, the company captured merger cost synergies faster than expected, raised its 12-month run rate target by 25%, and achieved over $100MM in operational excellence improvements.

$WY {{ '2017-02-03T12:21:50+0000' | timeago}} • Announcement

During fiscal 2016, $WY repurchased approx. 68MM shares to complete its $2Bil accelerated repurchase commitment, part of the $2.5Bil repurchase authorization announced in conjunction with the Plum Creek merger.

$WY {{ '2017-02-03T12:17:40+0000' | timeago}} • Announcement

$WY reported 4Q16 net earnings of $551MM or $0.73 per share vs. net earnings of $59MM or $0.11 per share a year ago. Fourth quarter results included gains on the divestiture of the Cellulose Fibers pulp mills and printing papers business. Net sales for the quarter grew 26% YoY to $1.6Bil.

$IP {{ '2017-02-02T15:30:50+0000' | timeago}} • Webcast

$IP, which agreed to acquire $WY's pulp business in a $2.2Bil deal, said that this acquisition was completed in Dec. 2016. This business was combined with $IP's legacy pulp business to form Global Cellulose Fibers business. The company commented that it will focus on reducing the debt in 2017.

$WY {{ '2016-12-01T15:16:08+0000' | timeago}} • Announcement

$WY completed sale of its Cellulose Fibers pulp mills to $IP for $2.2Bil in cash. $WY expects to use substantial portion of $1.6Bil after-tax proceeds for repayment of debt. Earlier this year, $WU closed sale of its liquid packaging board business to Nippon Paper Industries and sale of its publishing papers business to One Rock Capital Partners.

$WY {{ '2016-11-01T23:12:07+0000' | timeago}} • Announcement

$WY closed sale of its printing papers business, North Pacific Paper Co., to an affiliate of One Rock Capital Partners for undisclosed terms. The transaction includes the printing papers mill located in Longview, Wash. $WY expects to use a substantial portion of after-tax proceeds for repayment of debt.

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