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- This news release contains statements concerning the company’s future
results and performance that are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on various
assumptions and may not be accurate because of risks and uncertainties
surrounding these assumptions.
Factors listed below, as well as other factors, may cause actual
results to differ significantly from these forward-looking
statements. There is no guarantee
that any of the events anticipated by these forward-looking statements
will occur. If any of the events
occur, there is no guarantee what effect they will have on company
operations or financial condition.
The company will not update these forward-looking statements
after the date of this news release.
- Some forward-looking statements discuss the company’s plans, strategies
and intentions. They use words
such as “expects,” “may,” “will,” “believes,” “should,” “approximately,”
“anticipates,” “estimates,” and “plans.”
In addition, these words may use the positive or negative or
other variations of those terms.
- This release contains forward-looking statements regarding the company’s
expectations during the fourth quarter of 2009, including fee timber
harvest levels and operating costs in the Timberlands segment, sales of
non-strategic timberlands, demand and pricing for our products in the
Wood Products segment, increased expenses for annual planned maintenance
and raw material costs in the Cellulose Fiber segment, average pulp
price realizations, home sale closings and prices, cost control
measures, and earnings and performance of our business segments. Major
risks, uncertainties and assumptions that affect the company’s
businesses and may cause actual results to differ from these
forward-looking statements, include, but are not limited to:
- the effect of general economic
conditions, including the level of interest rates, availability of
financing for home mortgages, strength of the U.S. dollar, employment
rates and housing starts;
- market demand for the company’s
products, which is related to the strength of the various U.S. business
segments and economic conditions;
- raw material prices;
- energy prices;
- transportation costs;
- the successful execution of
internal performance plans, including restructurings and cost reduction
initiatives;
- changes in the Company’s
business support functions and support costs;
- performance of the company’s
manufacturing operations, including maintenance requirements and
operating efficiencies;
- changes in legislation or tax
rules;
- the level of competition from
domestic and foreign producers;
- the effect of forestry, land
use, environmental and other governmental regulations;
- legal proceedings;
- the effect of weather;
- the risk of loss from fires,
floods, windstorms, hurricanes, pest infestation and other natural
disasters;
- changes in accounting
principles;
- performance of pension fund
investments and related derivatives;
- the effect of timing of
retirements and changes in the market price of company stock on charges
for stock-based compensation; and
- other factors described under
“Risk Factors” in the Company’s annual report on Form 10‑K.
- The company also is a large exporter and is affected by changes in
economic activity in Europe and Asia, particularly Japan, China and
Korea. It also is affected by
changes in currency exchange rates, particularly the relative value of
the U.S. dollar to the euro and the Canadian dollar. Restrictions on
international trade or tariffs imposed on imports also may affect the
company.
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Notes