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
Developer Breaks Ground On All-Timber Office Building In Minnesota
Developer Hines has broken ground in Minneapolis’ North Loop on its all-timber office building, the first commercial property in the U.S. to use an engineered wood material for its interior and structure. The Houston-based real…
Oregon’s Seneca Sawmill Co. Breaking Ground On $60 Million Upgrade
Seneca Sawmill Co. announced Friday it has started a $60 million upgrade of its west Eugene lumber mill. Paving crews were flattening a corner lot of Seneca’s Highway 99 mill site Friday to prepare for…
Oregon’s Banks Lumber Has Eye On Future Expansion
Voters in Banks brought about 200 acres of additional land into city limits last November and they’ll decide on two more property annexations in September 2015. This time around, though, the land being voted on…
Timber Suppliers Send USDA Message Supporting Hardwood Checkoff
The proposed Hardwood Checkoff program is receiving an overwhelmingly positive response from those in the business of growing dependable, high quality timber for the hardwood lumber industry. The United States Department of Agriculture (USDA) has…
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.