Weyerhaeuser Co Q3 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 staying with Wood Products. I seems like the move in volumes that you saw in a lot of those products over the course of the quarter, is in contrast to the outlook that you gave for housing starts and especially, I think, the commentary and the outlook that the builders have shared over the course of this earnings season. As you think about the setup for the industry going into the end of this year and maybe even into early 2024, how do you think that, that will come together? And what could it suggest for your ability to operate and to gain share within that segment?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : And just building on that very quickly, Devin. How do you think about the channel inventories that are out there as we go into the fall? Is there anything you would highlight or call out there?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Okay. That's helpful color. And then I just want to squeeze 1 more in, which is congratulations on getting the forest carbon project in Maine approved. When you think about the progress that you're making there and the $100 million target for EBITDA that you've set out by the end of 2025, does that $100 million -- is that based on volume? Or is it based on the pricing to some extent and where these credits can come in? And any updated thoughts on that as you've made this -- as you hit this milestone?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Okay. Thank you for all the color and good luck.