Monday, January 9, 2023
Weyerhaeuser Company will release the fourth quarter 2022 results on January 26, after the market closes. The company will then hold a live webcast and conference call the following day, on Friday, January 27, at 7 a.m. Pacific (10 a.m. Eastern), to discuss the results.
Commodity prices continue to generally retreat as inflation fears transition to recession risks. That is no more apparent than in the lumber market. Prompt-month lumber futures are down more than 75% from their all-time high seen during the worst of the pandemic. As supply chains cleared up and, more recently, demand for real estate has softened, lumber prices have cratered. That impacts many companies owning timberlands.
One of the largest global forestry companies has seen share price volatility in this uncertain environment.
According to Bank of America Global Research, Weyerhaeuser (NYSE:WY) is one of the world’s largest integrated forest products companies, with approximately $10.2bn in 2021 sales. WY has returned to its timberland roots by focusing on this segment which sustainably grows and harvests trees. Overall, WY owns or controls approximately 12mn acres, mainly in the United States. WY also has a large wood products business.
Looking ahead, corporate event data from Wall Street Horizon shows a confirmed Q4 2022 earnings date of Thursday, January 26 with a conference call the next morning.
Weyerhaeuser Company, one of the world’s largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada.
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