Weyco Expects Strong Growth
Weyerhaeuser Co. hosted an Investor Day in December and outlined the company’s strategic growth plan and financial targets through 2030.
“Weyerhaeuser stands alone in the timberlands, wood products and land solutions space as the only large cap, integrated investment opportunity poised for accelerated growth,” says Devin Stockfish, President and CEO. “Over the next five years, we intend to catalyze growth initiatives across the entirety of our integrated portfolio to significantly grow the value and cash generation capabilities of our company and further strengthen our competitive position.”
The growth plan is expected to deliver $1.5 billion of incremental Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) by 2030, measured against a 2024 baseline, and includes $1 billion of Adjusted EBITDA uplift from identified growth initiatives. The remaining $500 million of uplift reflects a modest improvement in product pricing during the period, which the company views as a conservative estimate. Identified growth initiatives span the entirety of Weyerhaeuser’s portfolio and include the following expected contributions above the 2024 baseline:
• $440 million from Wood Products
• $230 million from Strategic Land Solutions, including $170 million of uplift from Climate Solutions business
• $180 million from enterprise initiatives
• $150 million from Timberlands
Latest News
NC Groups Partner With “Home For The Holidays” To Help First Responders, Vets Affected By Hurricane Florence
When Hurricane Florence slammed into North Carolina on September 14, 2018, as a category 1 rainmaker, it was clear that damage to the already rain-soaked state would be immense. As the state continues the recovery…
Georgia-Pacific Begins Construction On $135 Million Georgia Mill
American wood products firm Georgia-Pacific held an event last Monday to mark the commencement of construction on its new, $135 million softwood lumber plant in Warrenton, GA. Replacing an aging plant also located in Warrenton,…
New Strength And Safety Tests Pit Timber Against Concrete And Steel
Thanks to innovative construction materials like cross-laminated timber (CLT) and laminated veneer lumber (LVL), wooden buildings are no longer mere houses made of sticks. Attracted by the aesthetic and environmental benefits of timber, structural engineers…
Alabama’s Westervelt Co. Announces New SYP Sawmill
The Westervelt Co. announced the construction of a new lumber mill in Thomasville that will create 125 jobs. The Tuscaloosa-based company said in a news release that the Thomasville facility will produce around 250 million…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.