Weyerhaeuser Co Q2 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 : Let me offer my congrats to Davie as well. Good to have you on the call.

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : My first question is, obviously, housing has been a key topic as we've gone through the quarter. And with a lot of the homebuilders starting to prepare their businesses to sort of guide their businesses to a more normalized sort of pre-COVID sales pace for next year, how are you thinking about your business, how it's sized to that level of activity and where inventories are today and how you're preparing for something like that?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Yes. Okay. I appreciate that. And then can you talk a little bit about Timberlands, the valuations that you're seeing there? Has anything changed as the macro outlook has perhaps softened a bit in the quarter? And how are you thinking about the supply and demand dynamics there?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Yes. Okay. I'm going to sneak one more in, which is, you did increase amount of repurchases you did this quarter relative to what you've done in the first quarter and certainly relative to last year. Can you just talk a bit about your appetite for further repurchases given the valuation today and how you're thinking about the outlook for the business?