Matthew McKellar's questions to Weyerhaeuser Co (WY) leadership • Q1 2025
Question
Matthew McKellar questioned the potential medium-term impact of Section 232 tariffs on timberland valuations and asked if the planned Q2 maintenance for the OSB business was pulled forward from later in the year due to market conditions.
Answer
CEO Devin Stockfish responded that he does not expect Section 232 tariffs to have a meaningful near-term impact on timberland valuations, as they are long-term assets valued over decades, not short-term policy shifts. He also clarified that the Q2 OSB maintenance was part of the original annual plan and was not pulled forward, as such activities are scheduled well in advance.