Weyerhaeuser Company will outline the company’s strategy for driving long-term sustainable growth and superior shareholder returns at its 2021 Virtual Investor Day, beginning at 9:30 a.m. Pacific time.
“Over the past 18 months, we have improved Weyerhaeuser’s portfolio of assets, strengthened our balance sheet and positioned the company for its next phase of sustainable growth and value creation,” said Devin W. Stockfish, president and chief executive officer. “We intend to grow our company and cash flows, improve our competitive position, fully capitalize on increasing demand for our products and capabilities, and unequivocally establish Weyerhaeuser as a premier ESG investment opportunity. These actions will enhance our ability to return capital to shareholders through dividends and opportunistic share repurchases. Looking forward, I am confident in our ability to achieve our new multi-year targets and deliver superior returns for our shareholders.”
DRIVING STRATEGIC GROWTH
At today’s event, members of Weyerhaeuser’s management team will discuss the company’s targets for driving strategic growth by year-end 2025, including:
RETURNING CASH TO SHAREHOLDERS
In light of its record first-half 2021 cash flow generation, the company is also announcing the following actions, which demonstrate its strong commitment to returning capital to shareholders:
Additional details regarding the interim supplemental dividend declaration and share repurchase authorization can be found in a separate press release issued today.
ENHANCING ESG LEADERSHIP
The company is taking meaningful action to contribute to climate change solutions and further enhance Weyerhaeuser’s reputation as a leading ESG investment opportunity, including:
To register for the live video webcast, please visit https://wyinvestorday.connectid.cloud/register/ or the homepage of www.weyerhaeuser.com. Presentation materials will be available on the Investor Relations section of www.weyerhaeuser.com, and a replay will be posted following the event.
Weyerhaeuser Company, one of the world’s largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2020, we generated $7.5 billion in net sales and employed approximately 9,400 people who serve customers worldwide. We are listed on the Dow Jones Sustainability North America Index. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.