Q4 2024 Weyerhaeuser Co Earnings Call Transcript
Key Points
- Weyerhaeuser Co (WY) reported a 25% increase in adjusted EBITDA for the fourth quarter, reaching $294 million.
- The company announced plans to invest approximately $500 million in a new Timberstrand facility in Arkansas, expected to generate over $100 million of annual adjusted EBITDA.
- Weyerhaeuser Co (WY) increased its base dividend by more than 5% and returned $735 million of cash to shareholders in 2024.
- The Natural Climate Solutions business saw a 79% increase in adjusted EBITDA, driven by strong contributions from conservation, mitigation banking, and renewables.
- The company achieved notable milestones in Forest Carbon, with significant increases in credit generation and sales expected in 2025.
- The company faced challenging market conditions in 2024, particularly in the lumber sector, impacting cash generation.
- Multifamily housing starts decreased by approximately 25% in 2024 due to higher interest rates and a wave of new units entering the market.
- Weyerhaeuser Co (WY) experienced lower sales volumes in China due to ongoing consumption headwinds and reduced shipments.
- The company anticipates slightly higher unit manufacturing costs for OSB in the first quarter of 2025 due to increased energy and resin costs.
- There is uncertainty regarding potential tariffs on Canadian wood products, which could impact pricing and margins.
Greetings, and welcome to the Weyerhaeuser fourth-quarter 2024 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Andy Taylor, Vice President of Investor Relations. Thank you, Mr. Taylor, you may begin.
Thank you, Rob. Good morning, everyone. Thank you for joining us today to discuss Weyerhaeuser's fourth-quarter 2024 earnings. This call is being webcast at www.weyerhaeuser.com. Our news release and presentation materials can also be found on our website. Please review the warning statements in our earnings release and on the presentation slides concerning the risks associated with forward-looking statements, as forward-looking statements will be made during this conference call. We will discuss non-GAAP financial measures, and a reconciliation of GAAP can be found in the earnings materials on our website.
On the
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
