Wood Products Segment Continues to Drive Results Higher; Maintaining $36 FVE
As expected, rising lumber and panel prices continued to propel profitability in Weyerhaeuser's second quarter. Consolidated adjusted EBITDA rose to $506 million, up just over 11% from the first quarter. Performance was primarily driven by 13% and 15% respective appreciation in the lumber and oriented strand board benchmarks we monitor. On the whole, the quarter remained in line with our expectations for no-moat Weyerhaeuser, and we maintain our $36 fair value estimate.Wood products segment EBI...
Weyerhaeuser is a real estate investment trust. The company's business segments are: Timberlands, which provides delivered logs (grade logs and fiber logs), timber, recreational leases and other products; Real Estate, Energy and Natural Resources (ENR), in which Real Estate sells timberland tracts for recreational, conservation, commercial or residential purposes, whereas ENR sells rights to explore, extract and sell construction aggregates (rock, sand and gravel), industrial materials and oil and natural gas; and Wood Products, which provides structural lumber, oriented strand board, wood products, other products, and complementary building products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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