Weyerhaeuser is fired up about the housing recovery. It manages and harvests timberlands and manufactures wood products used in home construction, such as plywood, particleboard and engineered wood.
Weyerhaeuser also builds single-family homes under various brand names. It is especially active in California, Nevada and Arizona, where it operates as Pardee Homes.
“We’re looking forward to 2013 because I think we have the opportunity to fully participate in this (housing) recovery,” CEO Daniel Fulton told analysts in the fourth-quarter conference call.
In business since 1900, Weyerhaeuser is one of the largest owners of timberland in the U.S. It owns or controls more than 6 million acres in the Pacific Northwest and the South. It’s also one of the biggest manufacturers of wood and cellulose-fiber products. The company is based in Federal Way, Wash., between Seattle and Tacoma.
“Weyerhaeuser is sensitive to housing in three of its four business segments: real estate, wood products and ultimately timber, the logs it harvests and converts,” said analyst Steven Chercover of D.A. Davidson.