Weyerhaeuser (WY) sells 630,000 acres of Montana timberlands to optimize the timberlands portfolio.

Weyerhaeuser Company (NYSE: WY) today reported first quarter net earnings of $150 million, or 20 cents per diluted share, on net sales of $1.7 billion. This compares with a net loss of $289 million, or 39 cents per diluted share, on net sales of $1.6 billion for the same period last year.

Weyerhaeuser Company (NYSE: WY) today announced the completion of the sale of its 630,000 acres of Montana timberlands to Southern Pine Plantations for approximately $145 million in cash. The company anticipates it will incur minimal tax liability in conjunction with the sale.

Devin Stockfish, president and chief executive officer of Weyerhaeuser Company (NYSE: WY), will represent the company at the upcoming REITweek: 2020 Investor Conference, taking place virtually on Tuesday, June 2, 2020.

PotlatchDeltic (PCH) plans to temporarily suspend production at the Idaho plywood plant to compensate for lower demand owing to the impact of the COVID-19 pandemic.

Weyerhaeuser (WY) provides business updates in response to the coronavirus pandemic.

Ladies and gentlemen, thank you for standing by, and welcome to the Weyerhaeuser First Quarter 2020 Earnings Conference Call. Thank you for joining us today to discuss Weyerhaeuser's first quarter 2020 earnings. On the call this morning are Devin Stockfish, Chief Executive Officer; and Russell Hagen, Chief Financial Officer.

Weyerhaeuser Company (NYSE: WY) today provided an update on actions it is taking in response to the COVID-19 pandemic.

Weyerhaeuser (WY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Moody's Investors Service ("Moody's") assigned a Baa2 rating to Weyerhaeuser Company's ("Weyerhaeuser") proposed $500 million senior unsecured notes maturing in 2030. The notes will be unsecured senior obligations of Weyerhaeuser and will rank equally with the company's existing unsecured senior indebtedness. Weyerhaeuser intends to use most of the net proceeds of this offering to redeem all or a portion of the company's 2021 maturities.

Shares of Weyerhaeuser (NYSE:WY) were flat in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 63.64% over the past year to $0.18, which beat the estimate of $0.13.Revenue of $1,728,000,000 rose by 5.17% from the same period last year, which beat the estimate of $1,650,000,000.Outlook Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 01, 2020View more earnings on WYTime: 11:03 AM ETWebcast URL: https://www.webcaster4.com/Webcast/Page/165/33886Price Action 52-week high: $31.5852-week low: $13.10Price action over last quarter: down 22.50%Company Overview Weyerhaeuser ranks among the world's largest forest product companies. Following the 2016 sale of its pulp business to International Paper, Weyerhaeuser operates three business segments: timberlands, wood products, and real estate. Weyerhaeuser is structured as a real estate investment trust and is not required to pay federal income taxes on earnings generated by timber harvest activities. Earnings from its wood products segment are subject to federal income tax. Weyerhaeuser acquired fellow timber REIT Plum Creek in 2016.See more from Benzinga * 20 Healthcare Stocks Moving In Friday's Pre-Market Session * 5 Basic Materials Stocks Moving In Friday's Pre-Market Session * 11 Financial Services Stocks Moving In Friday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Weyerhaeuser Company (NYSE: WY) will release first quarter 2020 results on Friday, May 1, before the market opens. The company will hold a live webcast and conference call at 7 a.m. Pacific time (10 a.m. Eastern time) the same day to discuss results.

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Higher sales volumes are likely to reflect on Weyerhaeuser's (WY) Q1 results.

Q1 2020 Weyerhaeuser Co Earnings Call

Weyerhaeuser (NYSE:WY) has had a rough three months with its share price down 36%. Given that stock prices are usually...

Shares of Weyerhaeuser Co. (NYSE: WY) gained 29% in April, according to data provided by S&P Global Market Intelligence. Unfortunately, the rally was short-lived, as Weyerhaeuser shareholder optimism proved to be premature. Weyerhaeuser, one of the world's largest owners of timberland, has been all over the place as the pandemic has spread.

Lumber futures rally on Tuesday, finding support as wood product makers cut output to offset losses in demand as the COVID-19 pandemic hits the construction market.

Shares of timber real estate investment trust (REIT) Weyerhaeuser (NYSE: WY) fell out of the gate on May 1, losing nearly 16% in the first 30 minutes of trading. Given that COVID-19 started to hit the U.S. economy late in the first quarter, Weyerhaeuser's CEO was probably justified in saying that he was "proud" of the numbers here. Although it didn't provide specifics, Weyerhaeuser expects results from its second financial quarter to be materially weaker than first-quarter results.

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