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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 third quarter of 2009, including fee timber
harvest levels in the Timberlands segment, sales of non-strategic
timberlands, the effect of operating efficiencies and cost control
measures on operating losses in the Wood Products segment, demand and
pricing for our wood products, decreased expenses for annual planned
maintenance and operations in the Cellulose Fiber segment, average pulp
price realizations, home sale closings and prices, and earnings and
performance of our business segments. The 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;
- 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
- raw material prices;
- energy prices;
- transportation costs;
- 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; and
- 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 and China. 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