Weyerhaeuser Co (WY): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report

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Summary:
Weyerhaeuser's second-quarter 2014 adjusted earnings came in at $0.40 per share, up 21% year over year and 17.6% above the Zacks Consensus Estimate. Revenues grew 4.8% driven by solid performance in the Timberlands, Wood Products and Cellulose Fibers segments. Divested real estate business, WRECO, contributed $317 million in revenues, while 50 million shares retirement associated with the divestiture will boost earnings per share in the third quarter. Management intends to capitalize on its core forest products based businesses going forward. For the third quarter, weak domestic and export log demand will impact Timberlands performance. Cellulose Fibers will suffer from planned maintenance work. Considering the above factors, we currently maintain a Neutral recommendation on the stock.

Overview:

Based in Washington, Weyerhaeuser Company (WY) is one of the leading U.S. forest product companies with operations primarily concentrated in Southern California, Nevada, Washington, Texas, Maryland and Virginia. Weyerhaeuser caters to a diverse clientele spread over the U.S., Canada, Japan, Europe and other regions. The company grows and harvests trees, builds homes and manufactures forest products worldwide, primarily to be used as lumber, pulp and paper, and other wood and building products. It offers logs, hardwood lumber, timber, poles and plywood, as well as minerals, oil, gas, seeds and seedlings. The company operates its businesses through the segments listed below:

The Wood Products segment produces softwood lumber, plywood and veneer, oriented strand board (OSB), composite and other panels, and other products.

The Cellulose Fibers segment produces pulp, a range of both coated and uncoated papers and bleached board used in the production of liquid containers. The company operates six mills and two converting facilities.

The Timberlands segment owns and manages roughly 7.0 million acres of timberland in North America, post the acquisition of Longview Timber LLC.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



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