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
Tembec Suspends Operations At Quebec Sawmill
Tembec, citing weakness in the North American softwood lumber market and high wood costs, is indefinitely suspending operations at its sawmill in Senneterre, Que., putting 148 employees out of work. The Montreal-based company, which last…
Sierra Pacific Announces Permanent Closure Of California Sawmill
Sierra Pacific Industries (SPI) today announced it will close its sawmill in Arcata, CA. “This is a particularly sad day for Sierra Pacific and for my family” said A.A. “Red” Emmerson, chairman and president emeritus…
Woodgrain Millwork Buys Idaho Sawmill
Woodgrain Millwork Inc., which makes doors, mouldings and windows, announced Thursday that it bought the sawmill from Gem Forest Products. Woodgrain Millwork gained control of the equipment and lumber on the site as part of…
U.S. Housing Starts Grew Steadily In 2015
The U.S. Census Bureau & the Department of Housing & Urban Development released its December and total 2015 statistics on new residential starts in the U.S. There were no real surprises with the data, but…
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.