Reports Q1 revenue $1.8B, consensus $1.85B. “In the first quarter, we delivered solid results across our businesses,” said Devin Stockfish, president and CEO. “In addition, we continued to make progress toward our multi-year targets by increasing our base dividend by 5.3 percent and signing our third carbon capture and sequestration agreement in the U.S. South. Looking forward, we are encouraged by the strong underlying fundamentals that will drive long-term growth for housing and repair and remodel demand, and natural climate solutions. And given our unmatched portfolio of assets, we are uniquely positioned to capitalize on these opportunities well into the future. Our balance sheet is exceptionally strong, and we remain focused on driving peer-leading performance across our businesses, serving our customers and delivering superior long-term value and returns to our shareholders.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WY:
- Weyerhaeuser Reports First Quarter Results
- Weyerhaeuser to Post Q1 Business Segment Forecasts
- Weyerhaeuser price target raised to $38 from $36 at BMO Capital
- Weyerhaeuser Increases Investor Transparency with Online Materials
- Weyerhaeuser, Lapis Energy announce carbon sequestration exploration agreement