Weyerhaeuser Co Q2 2023 Earnings Call Summary

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

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : My first question is, Devin, can you talk just a bit about the production levels and the inventory that you're seeing at the mills just across lumber. As the builders are gearing up and adding that -- those starts on the ground, how are you thinking about overall lumber inventory out there? And maybe what could that mean for your ability to hit that 5% annual growth target that you've set out there?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Yes. Okay. That's very helpful color. And then I guess, as you do think about some of the dynamics that are going on in the lumber market from both a supply and demand perspective, how do you think about where pricing can go as we think about the back half of this year and probably even in the first half of next year, given what the builders are talking to and looking to add on the ground? And maybe how is that different from what happened in the last few years that could either put a floor or a ceiling in terms of the upside potential around the pricing? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 28, 2023 / 2:00PM, WY.N - Q2 2023 Weyerhaeuser Co Earnings Call