Weyerhaeuser
40 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.
Customers
Hardwood pulp supply agreements (Northern U.S.)
earns from · over 90 percentHardwood pulpwood is a significant market in the Northern region and we have long-term supply agreements, primarily at market rates, for over 90 percent of our hardwood pulp production.Business (Item 1)
Pulp mills
earns fromnamed as a riskFor example, as the demand for paper continues to decline, closures of pulp mills in some of our operating regions have adversely affected the regional demand for pulpwood and wood chips.Risk factors (Item 1A)
Suppliers
Third-party logging and transportation providers
depends onnamed as a riskWe depend heavily on third parties for logging and transportation services, and any increase in the cost or any disruption in the availability of these services could materially adversely affect our business and operations and our financial results.Risk factors (Item 1A)
Partners and platforms
Voluntary carbon markets
earns fromnamed as a riskAdditionally, it involves advancing our participation in other emerging markets focused on the mitigation of carbon emissions, including forest carbon, by which we generate carbon credits through incremental carbon sequestration over a baseline and sell them on voluntary carbon markets, and carbon capture and sequestration, which involves leasing of surface and subsurface ownership to safely and permanently sequester transported carbon emissions from their source.Business (Item 1)
Other companies
Pacific Northwest collective bargaining agreement
2,322named as a riskA significant number of employees in our Western Timberlands and in our Wood Products businesses located in the Pacific Northwest are covered by a collective bargaining agreement, and these employees have in the recent past commenced a work stoppage that was subsequently resolved.Risk factors (Item 1A)
U.S. housing market
earns fromnamed as a riskOur business is particularly dependent upon the health of the U.S. housing market, and specifically on demand for new homes and home repair and remodeling.Risk factors (Item 1A)
Fannie Mae and Freddie Mac
named as a riskAny political or other developments that would have the effect of limiting or restricting the availability of financing by these government sponsored entities could also adversely affect interest rates and the availability of mortgage financing.Risk factors (Item 1A)
TimberStrand manufacturing facility
named as a riskWe are also investing significant capital resources in constructing a new TimberStrand® manufacturing facility, and our ability to realize our projected financial and other benefits of the project is also subject to many known and unknown risks.Risk factors (Item 1A)
Competitors
Canadian lumber imports
competes withnamed as a riskWe could, therefore, experience significant downward pressure on timber and lumber prices caused by Canadian lumber imports.Risk factors (Item 1A)
European lumber imports
competes withnamed as a riskAs with Canadian imports, we cannot predict the timing nor the extent of future levels of European lumber imports and could therefore experience significant downward pressure on timber and lumber prices stemming from this source of competition.Risk factors (Item 1A)
Places
Alberta
operates in · 5,399named as a riskAlong with clean air regulations, British Columbia, a province in which we operate, has adopted a carbon tax and Alberta, where we also have operations, has a mandatory GHG emission reduction regulation.Business (Item 1)
Oregon and Washington
concentrated in · 2.5 million acresnamed as a riskIn western states such as Oregon and Washington, where a greater proportion of timberland is government-owned, any substantial increase in timber harvesting from government-owned land could significantly reduce timber prices.Risk factors (Item 1A)
Canada
operates in · more than 14 million acresWe own or control more than 10 million acres of timberlands in the U.S. and manage long-term licenses covering more than 14 million acres in Canada.Business (Item 1)
Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more
U.S. South
concentrated in · 6.7 million acres6.7 million acres in the southern U.S. (Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Texas and Virginia) andBusiness (Item 1)
Also named by RYN
China
earns fromnamed as a riskAdditionally, some of our Asian log export markets, particularly China, have a history of significant volatility.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Japan
earns fromnamed as a riskOur largest export market is Japan, where Douglas-fir is a preferred species for higher-value post and beam homebuilding.Business (Item 1)
Also named by A, AAPL, AFL, AMKR, ANET, BMY, BSX, CAT and 25 more
Alabama, Arkansas, Georgia, Louisiana, Maine, Mississippi, North Carolina, Oklahoma, Oregon and Washington
concentrated innamed as a riskOur timberland ownership is concentrated in Alabama, Arkansas, Georgia, Louisiana, Maine, Mississippi, North Carolina, Oklahoma, Oregon and Washington.Risk factors (Item 1A)
Louisiana and West Virginia natural gas royalties
earns fromThe majority of our Energy and Natural Resources revenue sources are located in Arkansas, Oregon, Washington, South Carolina and Georgia (construction material royalties), as well as Louisiana and West Virginia (natural gas royalties).Business (Item 1)
Hazards
Wildfire, insects and natural disasters on timberlands
named as a riskAs is common in the forest products industry, we do not maintain insurance coverage for damage to our timberlands.Risk factors (Item 1A)
Commodities and inputs
Lumber
exposed to its price · $2,037 millionnamed as a riskSome of our wood products, such as lumber, veneer, plywood and oriented strand board, are commodities and are subject to fluctuations in market pricing.Risk factors (Item 1A)
Also named by BLDR, DHI, GHC, HD, HHH, KIM, LEN, LOW and 11 more
Oriented strand board
exposed to its price · $762 millionnamed as a riskThe supply of commodity building products such as structural lumber, oriented strand board and softwood plywood affects prices.Business (Item 1)
SOFR
exposed to its price · $800 millionAs of December 31, 2025, our interest rate swap agreements with an aggregate notional amount of $800 million were designated as cash flow hedging instruments of variable, SOFR-based interest payments on our $800 million term loan.Market risk (Item 7A)
Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more
Douglas-fir
concentrated in · 83 percentOur standing timber inventory is comprised of 83 percent Douglas-fir, 11 percent whitewood and 6 percent hardwood.Business (Item 1)
Southern yellow pine
concentrated in · 79 percentOur standing timber inventory is comprised of 79 percent Southern yellow pine and 21 percent hardwood.Business (Item 1)
Natural gas
exposed to its pricenamed as a riskWe rely heavily on certain raw materials (principally wood fiber and chemicals) and energy sources (principally natural gas, electricity and fuel oil) in our manufacturing processes.Risk factors (Item 1A)
Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more
Japanese yen
exposed to its pricenamed as a riskTherefore, we are affected by changes in the strength of the U.S. dollar, particularly relative to the Canadian dollar, euro, yuan and yen, and the strength of the euro relative to the yen.Risk factors (Item 1A)
Also named by ABBV, ABT, ACN, ADBE, ALK, AMAT, AMKR, BMY and 24 more
Regulators
U.S. Environmental Protection Agency (EPA)
subject tonamed as a riskThe EPA is also expected to issue rules relating to biomass emissions, which is a significant source of energy at our mills.Business (Item 1)
Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more
Canadian provincial governments (Annual Allowable Cut)
subject toThe provincial governments regulate the volume of timber that may be harvested each year through Annual Allowable Cuts (AAC), which are updated every 10 years.Business (Item 1)
Laws and programs
U.S. tariffs (2025)
subject to · 10%named as a riskFor example, on February 1, 2025, the United States imposed tariffs on imports from Canada, Mexico and China, and on April 2, 2025, the United States announced a universal baseline tariff of 10% on almost all imports, plus additional country-specific tariffs for select trading partners, including China.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Sustainable Forestry Initiative (SFI)
subject to · 100 percentnamed as a riskIf customer preference for a sustainability standard other than SFI increases, or if the SFI standard falls into disfavor, there may be reduced demand and lower prices for our products relative to competitors who can supply products sourced from forests certified to competing certification standards.Risk factors (Item 1A)
Internal Revenue Code REIT requirements
subject to · 25 percentnamed as a riskIf we were to exceed the 25 percent limitation, we may be forced to sell or otherwise distribute assets of our TRSs in order to remain a qualified REIT.Risk factors (Item 1A)
Also named by WPC
Environmental remediation / Superfund sites
subject to · $90 million by up to $282 millionnamed as a riskBased on currently available information and analysis, we believe it is reasonably possible that our costs to remediate all the identified sites may exceed our current accrual of $90 million by up to $282 million.Business (Item 1)
Endangered Species Act
subject tonamed as a riskIn the United States, a number of fish and wildlife species that inhabit geographic areas near or within our timberlands have been listed as threatened or endangered under the federal Endangered Species Act (ESA) or similar state laws, including but not limited to:Business (Item 1)
Also named by CHRD, CNX, CRGY, CTVA, DC, FANG, KGS, LB and 4 more
Clean Water Act
subject tonamed as a riskThis, in turn, has affected the number of required federal and state permits in some areas of our operations and led to adjustments of our operational practices, particularly relating to the application of pesticides and herbicides on timberlands, which has increased operating costs.Business (Item 1)
Also named by CLH, CNX, CTAS, DC, ELS, EQT, HL, STLD and 2 more
U.S. countervailing and antidumping duties on Canadian softwood lumber
subject tonamed as a riskSince that time, the U.S. Department of Commerce has issued countervailing and antidumping duties on softwood lumber imports from Canada based on findings of injury to U.S. lumber producers.Risk factors (Item 1A)
British Columbia carbon tax
subject tonamed as a riskAlong with clean air regulations, British Columbia, a province in which we operate, has adopted a carbon tax and Alberta, where we also have operations, has a mandatory GHG emission reduction regulation.Business (Item 1)
Forest Stewardship Council (FSC)
named as a riskFSC, in particular, employs standards that are geographically variable and could cause a material reduction in the harvest levels of some of our timberlands, most notably in the Pacific Northwest.Risk factors (Item 1A)
Species at Risk Act (Canada)
subject tonamed as a riskThe federal Species at Risk Act (SARA) requires protective measures for species identified as being at risk and for their critical habitat.Business (Item 1)
Canadian indigenous rights claims
subject tonamed as a riskMany of the Canadian timberlands are subject to the constitutionally protected treaty or common-law rights of indigenous peoples of Canada.Business (Item 1)
Washington state climate regulations
subject tonamed as a riskIndeed, such regulations have already been passed into law in some Canadian provinces and in Washington state, where we have mill operations.Risk factors (Item 1A)