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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 first quarter of 2009 regarding: the company’s
markets, earnings and performance of the company’s business segments,
declines in home sales, lower timberland harvest levels, lower export
log prices, lower fuel and timberlands salvage costs, decreasing pricing
and volumes for the company’s wood products, lower pulp prices,
increased maintenance costs, continued mill curtailments and shut downs
and related matters. 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 housing starts,
the availability of financing for home mortgages, the level of interest
rates and employment rates;
- Market demand for the company’s products, which may be tied to the
relative strength of various U.S. business segments and economic
conditions;
- 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;
- Energy prices;
- Raw material prices;
- Chemical prices;
- 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 also is a large exporter and is affected by changes in
economic activity in Europe and Asia, particularly Japan. 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