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About Weyerhaeuser Company

Forest products company Weyerhaeuser produces a variety of softwood lumber and other building materials in North America. One of the world's largest private owners of timberland, the company harvests trees for its products from 12 million acres of forest that it owns in the US and 14 million acres that it manages in Canada. Incorporated in 1900 as Weyerhaeuser Timber Co., the company operates as a real estate investment trust (REIT) because of its vast land holdings. The company merged with rival Plum Creek in a deal worth $10 billion, bringing together the two biggest owners of timberland in the US; shortly after that deal, Weyerhaeuser spun off its cellulose fibers business for more than $2 billion. US generates about 85% of the company's sales. Devin W. Stockfish had been appointed as president and chief executive officer effective early 2019.


Weyerhaeuser operates through three business segments: Wood Products, Timberlands, and Real Estate & Energy and Natural Resources (Real Estate & Energy and ENR).

Most of Weyerhaeuser's revenue is concentrated in its Wood Products segment, which generates nearly 70% of the company's sales by serving mostly the residential construction industry. Its primary product categories are structural lumber, engineered wood products, oriented strand board, soft plywood, and medium-density fiberboard, which it manufactures in the US and Canada.

The company's Timberland segment accounts for about 25% of sales. It operates in the West, North and South of the US; Uruguay; and Canada under license in Alberta, British Columbia, Ontario, and Saskatchewan.

The Real Estate & ENR segment buys, sells, and manages productive timberland assets. This includes valuing land parcels and granting rights to mine mineral and oil and gas deposits on its timberlands. The segment generates about 5% of revenue.

Geographic Reach

Seattle, Washington-based Weyerhaeuser operates offices in more than a dozen countries and serves customers worldwide. The REIT rings up more than 85% of its sales in the US and its giant housing market. Most of the remaining revenue comes from Canada, Japan, and China.

The company sources softwood plywood in Arkansas and Louisiana. It also produces veneer at a facility in Oregon.

Sales and Marketing

Weyerhaeuser sells its products and services through its own sales organizations and distribution facilities. It also peddles building materials that the company purchases from other manufacturers. Through the wood preserving and home-improvement warehouse channels, the company sells certain items into the new residential building, repair, and remodel market.

Financial Performance

Weyerhaeuser revenue had been steadily increasing in the past four consecutive years, rising about 25% between 2015 and 2019.

In 2019, sales decreased 12% to $6.6 billion from $7.5 billion in 2018. The decrease was primarily due to a decrease in Wood Products net sales to unaffiliated customers, primarily attributable to decreased sales realizations across the majority of its product lines, and a decrease in Timberlands net sales to unaffiliated customers, primarily attributable to decreased log prices as well as decreased sales volumes in the West.

The company's net income fell to $76 million in 2019 from $748 million in 2017.

Weyerhaeuser had $139 million in cash in 2019, a $195 million decrease from 2018. The company generated $996 million in operations in 2019 and investing activities provided $187 million; it used $1.3 billion in financing activities. Weyerhaeuser's main cash was used primarily in capital expenditures for property and equipment, cash dividends on common shares and payments on line of credit.


Much of Weyerhaeuser's sales performance, particularly when it comes to its Wood Products and Timberland segments, is strongly tied to the US housing market, including the new residential building and repair and remodel markets. Weyerhaeuser is banking on long-term growth as the housing market recovers and demand for lumber increases.

The company completed the sale of its 630,000 acres of Montana timberlands to Southern Pine Plantations for approximately $145 million in cash. The company anticipates it will incur minimal tax liability in conjunction with the sale.

In late 2019, the company completed the sale of its Michigan timberlands to Lyme Great Lakes Holding LLC, an affiliate of The Lyme Timber Company LP, for approximately $300 million in cash. The company expects to recognize a gain on the sale and anticipates no tax liability in conjunction with the transaction.

Company Background

Founder Frederick Weyerhaeuser, a 24-year-old German immigrant, bought his first lumberyard in 1858 in Illinois. He also participated in joint logging ventures in Illinois, Minnesota, and Wisconsin. In 1900 he and 15 partners bought 900,000 timbered acres from the Northern Pacific Railway. The venture was named Weyerhaeuser Timber Company.

Weyerhaeuser Company

220 Occidental Ave S
Seattle, WA 98104-3120
Phone: 1 (206) 539-3000

Firm Stats

Employer Type: Publicly Owned
Stock Symbol: WY
Stock Exchange: , NYSE
SVP and CFO: Russell S. Hagen
Chairman: Rick R. Holley
President, CEO, and Director: Doyle R. Simons
Employees (This Location): 1,000
Employees (All Locations): 9,400

Major Office Locations

Seattle, WA

Other Locations

Camden, AL
Castleberry, AL
Millport, AL
Tuscumbia, AL
Crossett, AR
De Queen, AR
Dierks, AR
Emerson, AR
Fordyce, AR
Heber Springs, AR
Hot Springs, AR
Little Rock, AR
Lowell, AR
Magnolia, AR
Mena, AR
Phoenix, AZ
Tolleson, AZ
Canyon Country, CA
Fontana, CA
Fresno, CA
Long Beach, CA
Malibu, CA
Redding, CA
Sanger, CA
Santa Clarita, CA
Simi Valley, CA
Stockton, CA
Upland, CA
Watsonville, CA
Henderson, CO
Jacksonville, FL
Ormond Beach, FL
Plant City, FL
Tampa, FL
Valrico, FL
Barnesville, GA
Brunswick, GA
Columbus, GA
Dacula, GA
Jesup, GA
Lyons, GA
Macon, GA
Perry, GA
Rome, GA
Sylvania, GA
Boise, ID
Aurora, IL
Elk Grove Village, IL
Rockford, IL
Elkhart, IN
Colby, KS
Newton, KS
Shawnee Mission, KS
Owensboro, KY
Bogalusa, LA
Dodson, LA
Holden, LA
Joyce, LA
Mandeville, LA
Natchitoches, LA
Simsboro, LA
West Monroe, LA
Zwolle, LA
Fairfield, ME
Greenville Junction, ME
Byron Center, MI
Escanaba, MI
Grayling, MI
Lanse, MI
Lewiston, MI
Marquette, MI
Saint Paul, MN
Armstrong, MO
Brookhaven, MS
Bruce, MS
Columbus, MS
Hattiesburg, MS
Hazlehurst, MS
Magnolia, MS
Moselle, MS
Philadelphia, MS
Shubuta, MS
Columbia Falls, MT
Kalispell, MT
Libby, MT
Charlotte, NC
Concord, NC
Elkin, NC
Grifton, NC
Moncure, NC
New Bern, NC
Plymouth, NC
Raleigh, NC
Rutherfordton, NC
Selma, NC
Vanceboro, NC
Wyckoff, NJ
Las Vegas, NV
Wshngtn Ct Hs, OH
Idabel, OK
Oklahoma City, OK
Albany, OR
Aurora, OR
Beaverton, OR
Central Point, OR
Cottage Grove, OR
Eugene, OR
Garibaldi, OR
Hillsboro, OR
Lebanon, OR
Malin, OR
Molalla, OR
Portland, OR
Roseburg, OR
Seaside, OR
Shady Cove, OR
Turner, OR
Du Bois, PA
Easton, PA
Erie, PA
Titusville, PA
Aiken, SC
Fort Mill, SC
Greenwood, SC
Rock Hill, SC
Antioch, TN
Cleveland, TN
Kingsport, TN
Carrollton, TX
Denton, TX
Grand Prairie, TX
Houston, TX
Irving, TX
San Antonio, TX
Salt Lake City, UT
Richmond, VA
Staunton, VA
Stuart, VA
Castle Rock, WA
Centralia, WA
Cosmopolis, WA
Curtis, WA
Eatonville, WA
Elma, WA
Federal Way, WA
Fridley, WA
Indianapolis, WA
Kalispell, WA
Kent, WA
Longview, WA
Newport, WA
Olympia, WA
Pe Ell, WA
Rainier, WA
Raymond, WA
Rochester, WA
Seattle, WA
Sequim, WA
Sumner, WA
Tacoma, WA
Union Gap, WA
Vancouver, WA
Yakima, WA
Chippewa Falls, WI
Dorchester, WI
Marshfield, WI
Rothschild, WI
Heaters, WV
Lewisburg, WV
Shanghai, China
Calgary, Canada
Delta, Canada
Drayton Valley, Canada
Ear Falls, Canada
Edson, Canada
Fort Erie, Canada
Grande Cache, Canada
Grande Prairie, Canada
Hudson Bay, Canada
Kelowna, Canada
Kenora, Canada
Komoka, Canada
Okanagan Falls, Canada
Ottawa, Canada
Port Alberni, Canada
Princeton, Canada
Saskatoon, Canada
Vancouver, Canada
Vavenby, Canada
Genève, Switzerland