Weyerhaeuser Company is one of the world's largest private owners of timberlands, owning or controlling 10.5 million acres in the U.S. and managing an additional 14.1 million acres under long-term licenses in Canada. The company manages these timberlands on a sustainable basis, focusing on maximizing long-term value through growing, harvesting, and selling timber, as well as selling properties and leasing surface and subsurface rights. Weyerhaeuser is also a major manufacturer of wood products in North America, operating 35 manufacturing facilities in the U.S. and Canada, supplying products to the residential, multi-family, repair and remodel, industrial and light commercial markets. The company emphasizes sustainability and citizenship, with a focus on energy and resource efficiency, reducing greenhouse gas emissions, and offering sustainable products.

• Employees: 9,318 (as of December 31, 2023)
• Geographic Footprint: United States, Canada, and Japan
• Headquarters: Seattle, Washington
• Founded: 1900
• Number of locations/facilities: 35 manufacturing facilities in the U.S. and Canada
• Revenue: $7.674 billion (FY2023)
• Key Subsidiaries/Brands: Weyerhaeuser Timber Holdings, Inc.

• CEO: Devin W. Stockfish
• CFO: David M. Wold
• Senior Vice President, General Counsel and Corporate Secretary: Kristy T. Harlan
• Senior Vice President and Chief Development Officer: Russell S. Hagen
• Senior Vice President and Chief Administration Officer: Denise M. Merle
• Senior Vice President, Timberlands: Travis A. Keatley
• Senior Vice President, Wood Products: Keith J. O'Rear
• Board Chair: Rick R. Holley

Key leaders have extensive experience in their respective fields, with many holding senior leadership positions within Weyerhaeuser for several years. Devin W. Stockfish has served as CEO since January 2019.

• Annual Revenue: $7.674 billion (FY2023)
• Net Income: $839 million
• Total Assets: $16.983 billion
• Key Financial Highlights: The company experienced a decrease in net sales and operating income in 2023 compared to 2022, primarily due to decreased sales realizations and volumes in the Wood Products segment.
• Employees: 9,318 (as of December 31, 2023)

Weyerhaeuser's main product categories include:

• Structural Lumber: Used for structural framing in residential, repair and remodel, industrial, and commercial structures.
• Oriented Strand Board (OSB): Used for structural sheathing, subflooring, and stair treads.
• Engineered Wood Products: Includes solid sections, I-joists, and other structural elements for residential and commercial buildings.
• Softwood Plywood: Used in various construction applications.
• Medium Density Fiberboard: Used for store fixtures, molding, doors, and cabinet components.
• Other Products: Wood chips and other byproducts.
• Complementary Building Products: Includes cedar, decking, siding, insulation, and rebar.

Weyerhaeuser operates through three main business segments:

• Timberlands: Manages timberlands, sells delivered logs and stumpage.
• Real Estate, Energy and Natural Resources (Real Estate & ENR): Maximizes the value of timberland ownership through real estate sales, leases for renewable energy projects, and sales of mineral rights.
• Wood Products: Manufactures and distributes high-quality structural lumber, oriented strand board, engineered wood products, and other specialty products.

Revenue breakdown by segment is as follows: Timberlands: $2.226 billion, Real Estate & ENR: $363 million, Wood Products: $5.657 billion (FY2023)

Weyerhaeuser's business strategy focuses on maximizing the value of its timberlands portfolio, improving operational efficiency, and delivering sustainable products. Key strategic initiatives include:

• Capturing maximum timber value from every acre owned or managed.
• Delivering premiums to timberland value by identifying and monetizing higher and better use lands.
• Manufacturing high-quality structural lumber, oriented strand board, and engineered wood products.
• Expanding participation in emerging carbon markets through natural climate solutions.
• Improving cash flow through operational excellence and focused silviculture investments.

The company is also focused on disciplined investments, leveraging its market access, and increasing recreational lease revenue. Weyerhaeuser aims to achieve net-zero carbon emissions across its value chain by 2040.

Weyerhaeuser operates in the highly competitive forest products industry. Key aspects of the industry context include:

• Primary Industry: Forest products and real estate.
• Market Trends: The company is affected by the U.S. housing market, seasonal weather patterns, and the evolution of renewable energy and carbon-related markets.
• Key Competitors: Numerous companies sell similar products, and wood products face competition from substitutes.
• Market Position: Weyerhaeuser is one of the world's largest private owners of timberlands and a major manufacturer of wood products in North America.

• Market Risks: Fluctuations in demand for wood products due to economic conditions, housing market trends, and interest rates; competition from other producers and substitute products.
• Operational Risks: Dependence on third-party service providers for logging and transportation; potential disruptions in manufacturing operations; impacts of weather, natural disasters, and climate change on timberlands and operations.
• Financial Risks: Changes in currency exchange rates; volatility in interest rates; potential for increased costs due to environmental regulations; changes in tax laws.
• Regulatory Risks: Compliance with federal, state, and local regulations related to forestry practices, endangered species, water quality, and air emissions; potential impacts of climate change regulations.