3065 2008 Q1.ppt  • 5/02/2008•  15
2008 2Q Outlook
lWeyerhaeuser expects the 2008 Q2 loss from this segment’s single-family homebuilding operations to be comparable to 2008 Q1
Real Estate
lThe company expects earnings for the segment to be slightly lower compared to 2008 Q1
lMarket conditions for this segment are projected to remain favorable
lMaintenance costs are expected to be higher due to an increase in annual scheduled maintenance activities in the pulp mills  
Cellulose Fibers
lWeyerhaeuser expects earnings for this segment to be comparable to 2008 Q1, excluding the effect of lower depreciation
lThe segment expects seasonally higher box prices and shipments; however, these benefits are expected to be largely offset by higher OCC and energy prices and cost increases associated with scheduled annual maintenance downtime at several containerboard mills
Containerboard, Packaging & Recycling
lWeyerhaeuser expects 2008 Q2 operating losses to be lower than 2008 Q1 due to modestly improving lumber prices and lower raw material costs 
Wood Products
lWeyerhaeuser expects earnings from this segment to be slightly lower in 2008 Q2 vs. 2008 Q1
lThe segment’s earnings are expected to be negatively affected by the continued weakness in the housing market, storm salvage costs in the West, higher diesel fuel costs and seasonally higher silviculture costs
Timberlands
Comments
Segment
Chart 12