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Stock Market & Financial Investment News

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April 25, 2014
05:42 EDTWYWeyerhaeuser reports Q1 EPS ex-items 26c, consensus 24c
Reports Q1 revenue $1.98B, consensus $2.08B. Average selling prices for Western logs improved across export and domestic markets. Western fee harvest volumes increased to capitalize on robust export markets, and unit logging costs fell due to higher volume and improved efficiencies. In the South, silviculture costs declined seasonally and average log price realizations improved slightly. These improvements were partially offset by lower Southern fee harvest volumes due to wet weather. Q1 included earnings of $4M from dispositions of non-strategic timberlands, a decrease of $16M compared with Q4.
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July 8, 2014
08:04 EDTWYTRI Pointe Homes closes $2.8B merger with Weyerhaeuser Real Estate
TRI Pointe Homes (TRH) announced that its Reverse Morris Trust transaction with Weyerhaeuser Company (WY) has closed. The transaction has resulted in the merger of TRI Pointe with Weyerhaeuser's homebuilding subsidiary, Weyerhaeuser Real Estate Company. The transaction is valued at approximately $2.8B. TRI Pointe's leadership remains focused on executing a disciplined homebuilding strategy. The merger with WRECO is expected to provide TRI Pointe with significantly enhanced scale, with more than 3,400 new home deliveries and $1.6B in revenue on a historical combined basis over the past twelve months ended March 31, 2014.

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