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Weyerhaeuser Co (WY.N)

WY.N on New York Stock Exchange

33.58USD
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Weyerhaeuser says now expects to record about $175 mln to $200 mln of additional pre-tax expense primarily in Q3
Wednesday, 13 Sep 2017 05:55pm EDT 

Sept 14 (Reuters) - Weyerhaeuser Co :Weyerhaeuser Co - now expects to record approximately $175 million to $200 million of additional pre-tax expense, primarily in Q3 - SEC filing.Weyerhaeuser Co - in July, co announced it was implementing a solution to address concerns regarding its tji joists with flak jacket protection.Weyerhaeuser Co - recorded a $50 million pre-tax reserve for costs to remediate concerns regarding tji joists with flak jacket protection in Q2.  Full Article

Weyerhaeuser closes lands in certain Western Montana counties due to forest fire danger
Tuesday, 5 Sep 2017 01:51pm EDT 

Sept 5 (Reuters) - Weyerhaeuser Co ::Says its ‍lands in certain counties in Western Montana are closed to public access due to extreme forest fire danger​.  Full Article

Weyerhaeuser reports Q2 earnings per share $0.28
Friday, 28 Jul 2017 03:05am EDT 

July 28 (Reuters) - Weyerhaeuser Co :Weyerhaeuser reports second quarter results.Q2 earnings per share $0.03 from continuing operations.Q2 sales $1.8 billion versus i/b/e/s view $1.83 billion.Q2 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Q2 earnings per share $0.28 excluding items.Q2 earnings per share $0.28.Weyerhaeuser co says anticipates q3 earnings for wood products before special items and adjusted ebitda will be comparable to q2.Expects q3 earnings before special items and adjusted ebitda will be slightly lower than q2 in timberlands segment.Expects earnings and adjusted ebitda will be significantly higher than q2 for real estate, energy and natural resources unit.Anticipates real estate sales in q3 will be about double q2 levels.  Full Article

Weyerhaeuser issues statement regarding TJI Joists with Flak Jacket protection
Tuesday, 18 Jul 2017 06:57pm EDT 

July 18 (Reuters) - Weyerhaeuser Co :Weyerhaeuser issues statement regarding TJI Joists with flak jacket protection.Halted all production, sales and shipments of product, and is collecting unused product from customers.Weyerhaeuser - customer feedback regarding odor in certain newly constructed homes related to recent formula change to flak jacket coating that included formaldehyde-based resin.Weyerhaeuser - issue is isolated to flak jacket product manufactured after Dec. 1, 2016, and does not affect any of the company's other products.Weyerhaeuser - expects before-tax costs associated with resolving this issue to be about $50-60 million and a reserve will be recorded in Q2 2017.  Full Article

Weyerhaeuser to sell Uruguay timberlands and manufacturing unit
Monday, 5 Jun 2017 05:55am EDT 

June 5 (Reuters) - Weyerhaeuser Co :Weyerhaeuser to sell Uruguay timberlands and manufacturing business to a consortium led by BTG Pactual's Timberland Investment Group for $402.5 million in cash.Weyerhaeuser Co - deal for ‍$402.5 million in cash​.Weyerhaeuser Co - company anticipates it will incur minimal taxes in conjunction with transaction.Weyerhaeuser Co - ‍weyerhaeuser Uruguay and Buyer Consortium will continue to operate separately until transaction closes​.Weyerhaeuser Co - transaction includes over 300,000 acres (120,000 hectares) of timberlands in northeastern and north Central Uruguay.Weyerhaeuser Co - transaction also includes plywood and veneer manufacturing facility, a cogeneration facility, and a seedling nursery.  Full Article

Weyerhaeuser declares dividend on common shares
Thursday, 18 May 2017 08:44pm EDT 

May 18 (Reuters) - Weyerhaeuser Co ::Weyerhaeuser company declares dividend on common shares.Declared a dividend of $0.31 per share on common stock of company.  Full Article

Weyerhaeuser says Q1 earnings per share $0.21
Friday, 28 Apr 2017 03:05am EDT 

April 28 (Reuters) - Weyerhaeuser Co :Weyerhaeuser reports first quarter results.Q1 earnings per share $0.21.Q1 sales $1.7 billion.Q1 earnings per share $0.22 excluding items.Anticipates Q2 earnings and adjusted EBITDA from Timberlands segment will be comparable to Q2 of 2016.Weyerhaeuser expects significantly higher earnings and adjusted EBITDA from Wood Products segment in Q2 compared with Q1.Anticipates Q2 earnings and adjusted EBITDA from Real Estate, Energy & Natural Resources segment will be comparable to Q1.  Full Article

Weyerhaeuser enters into senior unsecured revolving credit facility agreement
Friday, 10 Mar 2017 05:27pm EST 

Weyerhaeuser Co : Weyerhaeuser - on March 6, 2017 co entered into a $1.5 billion, five year senior unsecured revolving credit facility agreement - SEC filing . Weyerhaeuser Co - senior unsecured revolving credit facility will expire in march 2022 - SEC filing . Weyerhaeuser - revolving credit facility agreement replaces co’s prior $1.0 billion revolving credit facility agreement, dated as of September 11, 2013 .Weyerhaeuser - prior credit facility agreement would have expired in Sept 2018, was terminated at effective time of revolving credit facility agreement.  Full Article

Weyerhaeuser says on track to complete Western Avo process by mid-2017
Monday, 6 Mar 2017 06:31pm EST 

Weyerhaeuser Co : Weyerhaeuser Co says on track to achieve $125 million run-rate merger cost synergy target by 2017 Q1 .Weyerhaeuser Co says on track to complete Western Avo process by mid-2017.  Full Article

Weyerhaeuser to explore strategic alternatives for its Uruguay Timberlands, manufacturing business
Wednesday, 12 Oct 2016 06:30am EDT 

Weyerhaeuser Co : Weyerhaeuser to explore strategic alternatives for its Uruguay timberlands and manufacturing business . Says company intends to consider a broad range of alternatives, including continuing to hold and operate business, or a sale . Weyerhaeuser Co - intends to consider a broad range of alternatives, including continuing to hold and operate business, or a sale .Says review of Uruguay operations does not guarantee that company will pursue a transaction.  Full Article

BRIEF-Weyerhaeuser says now expects to record about $175 mln to $200 mln of additional pre-tax expense primarily in Q3

* Weyerhaeuser Co - now expects to record approximately $175 million to $200 million of additional pre-tax expense, primarily in Q3 - SEC filing