Weyerhaeuser Co Q1 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Congrats on a great quarter. Yes. My first question is, obviously, there's a lot of puts and takes and moving parts when you think about housing and the lumber and OSB markets that are out there. Appreciating a lot of that commentary that you gave around some of those shifts in terms of demand and different sort of dynamics in the quarter. But I guess when we think about the builders and the backlog that they're seeing and even the continued sales paces that have been coming through April, how do you think about the potential to see some of this inventory starting to reverse itself as they try and get through those backlogs? And what that could possibly mean for pricing as we go through the summer and maybe even into the early parts of the fall?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Yes. Okay. I appreciate all that, Devin. I know there's a lot there and we'll see how it all comes together. But I appreciate the commentary. My follow-up question is it's exciting to hear the arrangement that you announced with Oxy in the quarter as we think about the carbon opportunities that are out there. Can you kind of talk a little bit more about that potential opportunity? And maybe how we should be thinking about some other announcements that could be coming down the line as you continue to invest in that? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 29, 2022 / 2:00PM, WY.N - Q1 2022 Weyerhaeuser Co Earnings Call

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Great. That's exceptionally helpful. I'm going to sneak one more in, which is just it was good to see you buying back some stock in the quarter. Obviously, it sounds like things are remaining supportive as we think about the balance of this year. Can you talk about just your appetite to maybe continue within the repurchase activity there? How we should be thinking about the opportunities for cash?