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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. Exports account for about 15% of the company's sales. 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 $2.5 billion.


Weyerhaeuser operates through three business segments: Wood Products, Timberlands, and Real Estate & Energy and Natural Resources (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 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 about 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 reported stronger sales in 2016 and 2017, returning its top line above the $7 billion mark after two years of declining revenue.

In 2017, sales increased 14% to $7.2 billion from $6.4 billion in 2016. Wood sales to unaffiliated customers rose $640 million from stronger sales across all product lines, as well as higher sales volumes of oriented strand board, engineered I-joists, medium density fiberboard, and engineered solid section product lines. In the Timberlands segment, higher sales resulted from increased Southern and delivered log volumes and higher prices for Western logs. Higher Real Estate & ENR segment sales were attributed to an increase in timberlands acres sold and higher royalties.

The company’s net income fell to $582 million in 2017 from about $1 billion in 2016 because of higher expenses for pension and post-retirement costs credits, which were affected by a decrease in the expected return on plan assets, as well as higher amortization of actuarial losses.

Weyerhaeuser had $824 million in cash in 2017, a $148 million increase from 2017. The company generated $1.2 billion in operations in 2017 and investing activities provided $367 million; it used $1.4 billion in financing activities.


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.

Interest rates rose steadily in the US throughout 2018. Higher interest rates could slow home buying, which would have an impact on Weyerhaeuser’s sales.

While focusing on cost-reduction measures for streamlining operations, Weyerhaeuser has a long-term plan to develop customer relationships and expand its customer base, geographic reach, and product portfolio. The timber REIT is also concentrating on growing its business by maintaining its diverse income streams.

Since 2009, Weyerhaeuser has sold a number of businesses and used the proceeds to pay down debt. In 2016, the company sold its liquid packaging board business (including a Washington mill) to Nippon Paper for $285 million. In late 2016, Weyerhaeuser also sold its cellulose fibers operations to International Paper for $2.2 billion in cash.

Mergers and Acquisitions

In February 2016, Weyerhaeuser purchased Plum Creek Timber Co., the largest private owner of timberland in the US, for $8.4 billion. The deal nearly doubled Weyerhaeuser's US timberland acreage to more than 12 million across 19 states and made Weyerhaeuser the sixth-largest publicly traded company based in Washington state.

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

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): 9,300

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