Charles Perron's questions to Weyerhaeuser Co (WY) leadership • Q1 2025
Question
Charles Perron inquired about lumber demand and retailer inventory strategies heading into the spring building season, the potential impact of Canadian lumber tariffs on ordering patterns, and the pricing outlook for Engineered Wood Products (EWP) amid builder cost-saving efforts.
Answer
CEO Devin Stockfish explained that lumber demand is steady but softer than initially expected, with reduced industry capacity providing a supply-demand balance. He noted that retailers are keeping inventories lean due to uncertainty. While tariff impacts are not yet driving buying behavior, inquiries about shifting from SPF to Southern Yellow Pine are increasing. For EWP, pricing is expected to remain comparable in the near term as the product's value proposition and customer support are key.