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
Resolute Forest Products Workers Get Four Years Of Pay Increases
A union representing workers at Canada’s biggest forest products company, Resolute Forest Products, has ratified a new four-year collective agreement covering approximately 2,000 employees at 11 of the company’s mills in Ontario and Quebec. A…
Oregon’s Rough & Ready Lumber Rehires Many Of Its Workers
Lonnie Rollins, Larry Mason and Lonnie Adams wore big smiles last week as they chatted with Rough & Ready Lumber owner Jennifer Phillippi. The three men with 75 years of combined experience at the mill…
Lumber Exports Will Drive B.C. Economy, Says Export Development Canada
Export Development Canada (EDC), the federal Crown corporation that provides financing to Canadian exporters, is forecasting that an increase in lumber shipments overseas will drive the B.C. economy for the next two years. The forestry…
LP’s $1.1 Billion Acquisition Of Ainsworth Lumber Stymied By Regulators
The $1.1-billion acquisition of Vancouver-based Ainsworth Lumber Co. appears to hit a wall with regulators. Louisiana-Pacific Corporation announced in September 2013 it was buying the B.C. company. But Louisiana-Pacific CEO Curt Stevens announced in a…
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.