Weyerhaeuser Co.

NYSE:WY   3:59:59 PM EDT
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Weyerhaeuser Company Is Providing An Update Regarding The Effect Of Oregon Wildfires On Its Timberlands And Operations

Published: 10/09/2020 12:31 GMT
Weyerhaeuser Co (WY) - Weyerhaeuser Company is Providing an Update Regarding the Effect of Oregon Wildfires on Its Timberlands and Operations.
Weyerhaeuser - Expects to Record Charge in Q3 to Reflect Preliminary Assessment of Book Value of Timber and Related Assets That Cannot Be Salvaged.
Weyerhaeuser - Says Co is in the Process of Evaluating Damage to Its Timber and Related Assets.
Weyerhaeuser - Estimates the Fires Have Had Some Impact on Approximately 125,000 Acres of Its Oregon Timberlands.
Weyerhaeuser - Other Than the Charges, Co Anticipates That Wildfire Activity Will Not Materially Affect Q3 Financial Results.
Weyerhaeuser - at This Time, Fires Are No Longer Actively Spreading on the Company’s Land.