|
2
|
- This presentation 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. Some of
these forward-looking statements can be identified by the use of
forward-looking terminology such as “expects,” “may,” “will,”
“believes,” “should,” “approximately,” anticipates,” “estimates,” and
“plans,” and the negative or other variations of those terms or
comparable terminology or by discussions of strategy, plans or
intentions. We make forward-looking statements of our expectations
during the third quarter of 2008 regarding: the company’s markets, homebuilding starts, earnings and
performance of our business segments, higher costs for energy and
silvaculture, additional logging and road costs, demand and pricing for
our wood products, decreased expenses for annual planned maintenance in
the Cellulose Fibers segment, increases in freight charges, increases in
chemical and fiber costs and related matters.
- In addition, we base our forward-looking statements on the expected
effect of: foreign exchange rates, primarily the Euro and Canadian
dollar; adverse litigation outcomes and the adequacy of reserves;
regulations; changes in accounting principles; the effect of
implementation or retrospective application of accounting methods;
contributions to pension plans; projected benefit payments; projected
tax rates; tax audit outcomes and timing of settlements; and other
related matters.
- The accuracy of such statements is subject to a number of risks,
uncertainties and assumptions that may cause actual results to differ
materially from those projected, including, but not limited to:
- Performance of the company’s
manufacturing operations including unexpected maintenance requirements;
- Successful execution of internal
performance plans, including restructurings and cost reduction
initiatives;
- Restructuring of our business
support functions following the divestiture of the Containerboard
Packaging and Recycling businesses;
- Successful salvage of our
storm-damaged timber in the Pacific Northwest;
- 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;
- The effect of general economic
conditions, including the level of interest rates and housing starts;
- Market demand for the company’s
products, which may be tied to the relative strength of various U.S.
business segments;
- Energy prices;
- Raw material prices;
- Chemical 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;
- Weather;
- Loss from fires, floods,
windstorms, pest infestation and other natural disasters; and
- Other factors described under
“Risk Factors” in our periodic reports.
- We are a large exporter and affected by changes in economic activity in
Europe and Asia, especially Japan; currency exchange rates; and
restrictions on international trade or tariffs imposed on imports. These
and other factors could cause or contribute to actual results differing
materially from such forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will occur, or if any of them occurs, what
effect they will have on the company’s results of operations or
financial condition. The company expressly declines any obligation to
publicly revise any forward-looking statements that have been made to
reflect the occurrence of events after the date of this news release.
|
Notes