Weyerhaeuser Co Investor Day 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 : My first question is thinking about the goal that you talked about within climate solutions. Could that perhaps change or in any way influence where you're kind of targeting in terms of geographies for timberland acquisition? You've mentioned in the commentary that you've got a pilot program in New England. Does this mean just maybe that you're open to more geographies or more incrementally focused on growing areas that you haven't been maybe expanding as rapidly in the last few years?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : Okay. That's helpful. My follow-up question is kind of shifting gears. You obviously announced $1 billion repurchase authorization this morning. And can you talk a little bit to the timing of working through that? Anything that we should kind of be thinking about there and maybe a little bit more in terms of where the buyback and the authorization, using the authorization kind of fit within your overall thoughts on capital allocation? Is there any increased interest in kind of working through that maybe a little faster than you have in the past?

Question: Susan Marie Maklari - Goldman Sachs Group, Inc., Research Division - Analyst : One of the things that we hear a lot from homebuilders is the value that they see in the EWP products as it reduces the labor content, helps to maybe build a bit faster than they would with some of the other products that are out there or alternatives. Can you maybe talk to any opportunities that you see to kind of further add value to the construction process, maybe the ability to expand that portfolio at all? Or anything that's in there that perhaps could kind of just increase your ability to capture some of that growth that's coming through in housing?