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- 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. In particular, some of these forward-looking statements deal
with expectations for first quarter 2008 regarding the company’s
markets, earnings and performance of the company’s business segments,
price realizations, demand, sales volumes and pricing for the company’s
products, continued difficult housing markets, lower timber fee harvest
volumes and higher costs in the West, losses from operations in Wood
Products as a result of the continued poor market conditions, increases
in manufacturing costs in Cellulose Fiber due to annual maintenance
outages in certain facilities, decline of packaging shipments, reduced
land sales, product mix, increases in prices for OCC and fiber, higher
chemical and energy costs, operating postures and 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:
- 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;
- Performance of the company’s
manufacturing operations including unexpected maintenance requirements;
- The successful execution of
internal performance plans and cost reduction initiatives;
- The level of competition from
domestic and foreign producers;
- The effect of forestry, land
use, environmental and other governmental regulations, and changes in
accounting regulations;
- The effect of weather;
- The risk of loss from fires,
floods, windstorms, hurricanes, pest infestation and other natural
disasters;
- Transportation costs;
- Legal proceedings;
- The effect of timing of
retirements and changes in the market price of company stock on charges
for stock-based compensation; and
- Performance of pension fund
investments and related derivatives.
- The company is also a large exporter and is affected by changes in
economic activity in Europe and Asia, particularly Japan, and by changes
in currency exchange rates, particularly the relative value of the U.S.
dollar to the Euro and the Canadian dollar, 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.
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Notes