Fri, May 22, 5:47 PM
Tue, May 12, 10:47 AM
- An improving job market and loosening lending standards are set to unleash pent-up demand and lead to the best decade for residential homebuilding since the 1970s, says Morningstar's Daniel Rohr.
- The prediction may seem "outrageous" considering the lame recovery of the past few years, but it's that lame recovery which makes the outlook so strong, says Rohr. He sees an average of 1.6M annual starts through 2024. In the post-war era, only the 1970s - with a 1.75M average - was better.
- Top picks include lumber company Weyerhaeuser (NYSE:WY), steelmaker Nucor (NYSE:NUE), and homebuilder NVR (NYSE:NVR), and the related mortgage boom will be of benefit to lenders like U.S. Bancorp (NYSE:USB), BB&T (NYSE:BBT), and Fifth Third (NASDAQ:FITB).
Fri, May 1, 7:38 AM
- Q1 earnings from continuing operations before special items of $99M or $0.19 per share vs. $143M and $0.24 one year ago. Float of 527M shares falls from 589M.
- $250M of shares repurchased during quarter; 65% of authorization is complete.
- Timberlands pretax earnings of $162M vs. $143M a year ago, on sales of $351M vs. $359M. Lower earnings are expected in Q2 thanks to a decrease in realizations for Western logs and lower earnings from the sale of nonstrategic properties.
- Wood Products pretax earnings of $62M vs. $56M a year ago, on sales of $923M vs. $947M. Company expects significantly higher earnings in Q2, thanks to seasonally higher sales and realizations.
- Cellulose Fibers pretax earnings of $33M vs. $87M a year ago, on sales of $447M vs. $482M. Lower earnings are expected in Q2 thanks to lower average pulp sales realizations and higher costs.
- Earnings call at 10 ET
- Previously: Weyerhaeuser misses by $0.06, misses on revenue (May 1)
- WY flat premarket
Fri, May 1, 4:51 AM
Thu, Apr. 30, 5:30 PM
Fri, Feb. 13, 4:19 PM
Fri, Feb. 6, 8:27 PM
- U.S. West Coast ports will close this weekend -- 29 of them -- as a nine-month labor slowdown drags on.
- Loading and unloading is suspended, though the Pacific Maritime Association says some activities will continue.
- "In light of ongoing union slowdowns up and down the coast which have brought the ports almost to a standstill, PMA member companies finally have concluded that they will no longer continue to pay workers premium pay for diminished productivity," the PMA says.
- For the union's part: "Closing down the ports over the weekend is a crazy way to do business because it’s hurting customers and adding to the already serious congestion crisis that the industry has created."
- It's the first time contract talks have led to a West Coast shutdown since 2002.
- A 10-day lockout back then cost the U.S. economy $1B/day; the same thing today likely costs over $2B/day.
- Companies noting the impact of a slowdown/shutdown in their reports, or which would likely be affected: (WY -1.8%); (TSN -0.6%); (UNP -0.8%); (LULU -1.3%); (WMT +0.1%); (ANN +3.2%); (M); (KSS +2.3%); (RL -2.1%); (CRI +2.2%)
Fri, Jan. 30, 5:25 AM
Thu, Jan. 29, 5:30 PM
Wed, Jan. 7, 8:03 AM
Oct. 31, 2014, 5:32 AM
Oct. 30, 2014, 5:30 PM
Oct. 16, 2014, 7:24 AM
Aug. 27, 2014, 7:27 AM
- The company's 430-acre campus in Federal Way, WA "is costly and too large for our needs," says CEO Doyle Simons, who also adds the move to Seattle will give Weyerhaeuser (NYSE:WY) access to a larger talent pool.
- The move - expected to take place in 2016 - will be to a new development in Seattle's Pioneer Square district, and the Federal Way land and buildings will be sold.
- Press release
Aug. 14, 2014, 8:34 AM| 1 Comment
Aug. 14, 2014, 12:26 AM
WY vs. ETF Alternatives
Weyerhaeuser Co is a real estate investment trust. It is a private owner of timberlands. The Company owns or controls nearly seven million acres of timberlandsin the U.S., and managesadditional timberlands under long-term licenses in Canada.
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