惠好公布第三季度净利润为2.85亿美元，摊薄后每股收益为1.16美元，净销售额为56亿美元

Weyerhaeuser公司（NYSE:WY）今天公布第三季度净利润为2.85亿美元，或摊薄后每股1.16美元，净销售额为56亿美元。相比之下，2004年第三季度净销售额为57亿美元，为5.94亿美元，即摊薄后每股2.45美元。

（标志：http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
      http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b) 2005年第三季度的收益包括下列税后项目:*出售合资企业MAS资本管理公司获得7500万美元的收益，或摊薄每股31美分。*为关闭设施收取1900万美元，或摊薄每股8美分的费用。*由于债务提前终止，公司损失1400万美元，或摊薄每股6美分。

此外，2005年第三季度的净利润还包括1,400万美元的一次性税收优惠，或摊薄每股6美分，这与俄亥俄州所得税法的变化有关。

2004年第三季度的收益包括以下税后项目：*通过出售格鲁吉亚的timberlands，获得1.79亿美元的收益，即每股摊薄74美分。*从与不列颠哥伦比亚省政府签订的土地保有权再分配协议中获得1600万美元，或摊薄后每股7美分。*由于硬纸板侧线索赔准备金的减少，收益1300万美元，或摊薄后每股5美分。*与设施出售或关闭相关的700万美元或摊薄后每股3美分的费用。

“我们第三季度的业绩反映了我们在某些领域所面临的困难业务环境，”董事长、总裁兼首席执行官史蒂文·r·罗格尔(Steven R. Rogel)说。他说:“虽然最近的飓风没有对我们的业务造成重大影响，但我们预计风暴的余波会带来更高的能源、化学品和运输成本。这将给我们第四季度的业务带来额外压力。”

Rogel表示，该公司对其业务组合的战略评估导致了此前宣布的无限期关闭加拿大阿尔伯特亲王纸浆和造纸厂，并关闭了位于华盛顿的两家工厂——一家专业纸浆厂和一家大型原木锯木厂。

“这是第一步，但决不是最后一步，”罗格尔说。“我们将继续采取必要措施，使Weyerhaeuser成为一家更具竞争力的公司，并在向股东返还现金的同时产生更大的回报。为此，我们很高兴今天宣布，董事会授权回购高达1800万股的股份，或Weyerhaeuser已发行股份的7.4%我的股票。”

第三季度总结金融突显出数百万(每股数据除外)3 q 2005 3 q 2004改变净收益285美元594美元(309美元)的收益摊薄后每股1.16美元2.45美元(合1.29美元)净销售额5604美元5679美元(75美元)的部分结果第三季度税前收益(贡献)数百万3 q 2005 3 q 2004改变林地191美元450美元(259美元)的木材产品$124 $362($238)纤维素纤维及白纸($2)$80($82)硬纸板、包装及回收$36 $82($46)房地产及相关资产$145 $155($10)按业务分类的讨论与展望林地2005年第三季度2005年第二季度收入变动贡献(百万)$191 $210 ($19)

第三季度的收入比第二季度有所下降，原因是燃料价格上涨影响了伐木和运输成本，以及因卡特里娜飓风造成的木材损失而产生的500万美元税前费用。此外，第二季度业绩还包括不列颠哥伦比亚省海岸业务的600万美元收益，该业务于5月份出售。

该部门预计，第四季度的收益将低于第三季度，反映出由于正常的季节性放缓，西方利润下降，以及预期国内销售价格下降。预计出口原木市场将保持坚挺。在南方，该部门预计原木价格将从第三季度开始下降。由于飓风救援行动，费用预计会增加。

manbetx apk手机版木制品2005年第3季度2005年第2季度收入变化贡献（百万）$124$204（$80）

收益较第二季度下降，主要是由于木材和定向刨花板的平均价格变现较低。第二季度的收益包括1800万美元与诉讼相关的税前费用。

对建筑产品的需求在整个季度保持强劲。然而，现成的供应导致价格在本季度的头两个月下降。

尽管9月份飓风过后价格暂时上涨，但惠好木材和定向刨花板整个季度的平均价格都较低。木材变现每千平方英尺下降31美元，定向刨花板每千平方英尺下降30美元(3/8“基础)。工程产品的平均价格实现比第二季度增加，部分抵消了木材和定向刨花板的影响。飓风对这部分的总产量影响很小。

该公司第三季度向美国出售的加拿大软木木材在反补贴税、反倾销税和相关成本方面产生了1900万美元，而第二季度为2700万美元。

该部门预计，正常的季节性放缓将在第四季度导致大宗建筑产品价格下降和出货量减少。该部门还预计能源、树脂和运输成本将持续增加。因此，预计第四季度收益将继正常的季节性下降之后继续下滑。此外，萨斯喀彻温省Big River锯木厂的税前费用估计为2500万美元，这将影响到该部分。

纤维素纤维及白皮书2005年第3季度2005年第2季度变化贡献(费用)对收入(百万)(2美元)(16美元)(18美元)

部分盈利较第二季度有所下降，原因是第三季度的税前支出为2200万美元，主要与华盛顿州大都会酒店的关闭有关。、纸浆设施。

由于持续强劲的供应加上正常的季节性需求放缓，本季度纸级纸浆价格下降。绒毛浆价格保持相对稳定。由于北美对精细纸产品的需求减少，精细纸价格下降。由于第三季度计划的维修停工较少，制造成本较低。加元走强以及运输、能源和原材料成本增加的负面影响部分抵消了这一成本降低。

该公司预计第四季度业绩将下降，原因是细纸价格下降，季节性出货量下降，以及运输、化工和能源成本上升。此外，随着公司继续在该领域的投资组合改进战略，此前宣布无限期关闭Prince Albert纸浆和造纸工厂，预计该领域将受到3.5 - 3.75亿美元税前费用的影响。

纸板、包装和回收2005年第3季度2005年第2季度变化对收入的贡献（百万）$36$99（$63）

收入较第二季度有所下降，主要原因是纸板和纸箱价格下降，以及运输和能源成本增加。飓风对该部门第三季度的经营业绩影响最小。

该部门预计第四季度的收益将下降至接近盈亏平衡的水平，原因是纸箱价格的持续下降，这是由早期的纸板价格下降、纸箱运输的季节性下降和较高的能源成本造成的，部分被旧瓦楞纸箱的较低成本所抵消。最近宣布的纸板和纸箱价格上涨不会对第四季度的收益产生重大影响。

房地产及相关资产2005年第三季度2005年第二季度收入变动贡献(百万)$145 $156 ($11)

由于拉斯维加斯公用事业服务的延迟、德克萨斯州的飓风丽塔以及更少的地块关闭，单户住宅关闭量较第二季度略有下降。已售出但未关闭的房屋积压量有所增加，仅占6个月的销售量。

该部门预计第四季度的收益将显著高于第三季度，原因是单户住宅交易的季节性强劲，这将超过2004年第四季度。

其他

公司将于上午7点举行现场电话会议。太平洋(上午10点。东方航空(Eastern)将于10月21日讨论第三季度业绩。

要访问电话会议，北美地区的听众应在电话会议开始前至少15分钟拨打1-888-221-5699。希望从北美以外地区拨打电话的人应拨打1-706-643-3795。在现场通话结束后的一周内，可通过北美境内的1-800-642-1687（接入码1384562）和北美境外的1-706-645-9291（接入码1384562）重播通话。

电话将通过网络直播，并可通过惠好的网站访问http://investor.weyerhaeuser.com/点击“2005年第三季度收益电话会议”链接。

该网络广播还通过汤姆森街事件网络向机构投资者和个人投资者分发。个人投资者可以在万博电竞http://www.fulldisclosure.com/汤姆森/中国建设银行(Thomson/CCBN)的个人投资者门户网站，由StreetEvents提供支持。机构投资者可通过汤姆逊有密码万博电竞保护的活动管理网站StreetEvents (http://www.streetevents.com/).

惠好公司成立于1900年，是世界上最大的综合性林产品公司之一。2004年，销售额为227亿美元。它在19个国家设有办事处或业务，客户遍布全球。惠好主要从事木材的种植和收获;林产品的生产、经销和销售;及房地产建设、开发等相关活动。有关惠好业务、产品和实践的更多信息，请访问//www.noirla.com/.

本新闻稿包含有关公司未来业绩和业绩的声明，这些声明是1995年《私人证券诉讼改革法案》意义上的前瞻性声明。可以识别这些前瞻性陈述使用前瞻性的术语如“期望”,“可能”“将”,“相信”“应该”“大约”,预计,“”估计,”和“计划”,这些术语的负面或其他变化或类似的术语或讨论的策略,计划或意图。特别是，其中一些前瞻性陈述涉及对公司第四季度市场的预期;第四季度公司业务部门的预期收益和业绩，第四季度公司产品的需求和定价，原材料，能源和运输成本，飓风救助成本，第四季度木材收获的季节性放缓，设施关闭和相关费用，新屋销售及相关事宜。这类声明的准确性受若干风险、不确定性和假设的影响，这些风险、不确定性和假设可能导致实际结果与预测存在重大差异，包括但不限于:

*一般经济条件的影响，包括利率水平和住房开工率；*对公司产品的市场需求，这可能与美国各业务部门的相对实力有关；*能源价格；*原材料价格；*公司生产经营业绩；*成功执行内部绩效计划；*国内外生产商的竞争水平；*林业、土地使用、环境和其他政府法规的影响；*天气影响；*火灾、洪水和其他自然灾害造成损失的风险；*运输成本；*法律诉讼；以及*养老金的绩效nd投资和相关衍生品。

该公司还一大出口国和影响经济活动的变化在欧洲和亚洲,尤其是日本,货币汇率的变化,特别是相对价值的美元欧元和加元,和限制国际贸易或征收进口关税,包括对该公司从加拿大运往美国的软木材征收的反补贴和反倾销税。这些因素和其他因素可能导致或促成与前瞻性陈述有实质不同的实际结果，因此，不能保证前瞻性陈述所预期的任何事件将会发生，或如果其中任何事件发生，他们将对公司的经营结果或财务状况产生什么影响。本公司明确拒绝任何义务公开修订任何前瞻性声明，这些声明是在本新闻稿发布日期之后做出的，以反映事件的发生。

欲了解更多信息，请联系：媒体 - 布鲁斯阿蒙德森（253）924-3047分析师 - 凯瑟琳·麦考利（253）924-2058 WEYERHAEUSER公司的统计资料（未经审计）综合盈利Q1，Q2，Q3（百万）三月三月，六月六月九月9月27日，28，26，27，25，26，2005年2004年2005年2004年2005年2004年净销售额和收入：惠好（1）$的4,749个$ 4,442 $ 5,190 $ 5,204 $ 5,008 $ 5,088不动产及相关资产655个469 648 524 596 591合计净销售收入5404 4,9115838倍5728 5604倍5679的成本和费用：惠好：产品成本出售3652 3432 3974 3790 3934 3758折旧，折耗及摊销325 317 326 318 329 316销售费用118 120 119 122 119 123管理费用223 239 218 233 236 226研究和开发费用14 12 12 13 18个13比税工资和所得税其他46个48 48 47 69 51收费整合重组5个15 4 13 2 8收费设施5闭合4月3日至29日13其他运行成本净（2）（3）9 17（40）43（147）（300）4397 4204 4664 4579 4589 4208房地产和相关资产：成本和运行费用426 321 441 381 401 414折旧和摊销3 2 4 4 43项销售费用33 27 36 30 36 31一般与管理费用24 17 25 19比工资和所得税其他27个19税1个1  -   -  1 1个其他运行成本，净 -  1（2）1（2）（19）487 369 504 435 467 449对总的成本和费用4884 4573 5168 5014 5056 4657营业收入520 338 670 714 548 1022利息费用及其它：惠好：利息费用支付（4）（196）（195）（179）（218）（193）（184）减去利息资本 -  3 2 1 3 0公平分支机构的收入 -   -  4 7 2 4利息收入等27 3 20 5 28 7房地产和相关资产：发生利息费用（14）（15）（14）（14）（13）（14）减利息资本14 15 14 14 13 14权益疏松实体10的收入9 13 20 14 12利息收益和其它5 11（2）9 4 1财报前所得税366 169 528 538 406 862所得税（5）（128）（57）（229）（183）（120）（293）收入持续经营从停止操作238个112 299 355 286 569收入的净税收，（6）1 9 121 14（1）25个净收益$ 239 $ 121 $ $ 420 369 $ $ 285 594每股基本净收益：持续操作$ 0.98 $ $ 0.50 1.23 $ 1.51 $ 1.16 $ 2.36终止经营 -  0.04 0.49 0.06  - 每股0.10净收益$ 0.98 $ 0.54 $ 1.72每股$ 1.57 $ 1.16 $ 2.46摊薄净收益：持续经营收益$ 0.98 $ $ 0.50 1.22 $ 1.51 $ 1.16 $ 2.35终止经营 -  0.04 0.49 0.06  - 每股0.10净盈余$ 0.98 $ 0.54 $ 1.71 $ 1.57每股支付$ 1.16 $ 2.45的股息$ $ 0.40 $ 0.40 $ 0.50 $ 0.40 $ 0.50 0.40加权平均股优秀（单位：千）基本242863 223728 244702 234494 245009 241621摊薄244185 225072 245881 235475 246190 242649年TO-综合盈利年至今Q4日期（百万）9月25日，9月26日，12月26日12月 26, 2005 2004 2004 2004 Net sales and revenues: Weyerhaeuser (1) $14,947 $14,734 $4,804 $19,538 Real Estate and Related Assets 1,899 1,584 911 2,495 Total net sales and revenues 16,846 16,318 5,715 22,033 Costs and expenses: Weyerhaeuser: Costs of products sold 11,560 10,980 3,735 14,715 Depreciation, depletion and amortiz........ 980 951 320 1,271 Selling expenses 356 365 119 484 General and administrative expenses 677 698 247 945 Research and development expenses 44 38 17 55 Taxes other than payroll and income taxes 163 146 48 194 Charges for integration and restructuring 11 36 3 39 Charges for closure of facilities 37 17 0 17 Other operating costs, net (2) (3) (178) (240) 36 (204) 13,650 12,991 4,525 17,516 Real Estate and Related Assets: Costs and operating expenses 1,268 1,116 647 1,763 Depreciation and amortization 11 9 5 14 Selling expenses 105 88 37 125 General and administrative expenses 76 55 26 81 Taxes other than payroll and income taxes 2 2 0 2 Other operating costs, net (4) (17) 0 (17) 1,458 1,253 715 1,968 Total costs and expenses 15,108 14,244 5,240 19,484 Operating income 1,738 2,074 475 2,549 Interest expense and other: Weyerhaeuser: Interest expense incurred (4) (568) (597) (241) (838) Less interest capitalized 5 4 5 9 Equity in income of affiliates 6 11 3 14 Interest income and other 75 15 9 24 Real Estate and Related Assets: Interest expense incurred (41) (43) (14) (57) Less interest capitalized 41 43 14 57 Equity in income of unconsolidated entities 37 41 11 52 Interest income and other 7 21 10 31 Earnings before income taxes 1,300 1,569 272 1,841 Income taxes (5) (477) (533) (94) (627) Earnings from continuing operations 823 1,036 178 1,214 Earnings from discontinued operations, net of taxes (6) 121 48 21 69 Net earnings $944 $1,084 $199 $1,283 Basic net earnings per share: Continuing operations $3.36 $4.45 $0.73 $5.16 Discontinued operations 0.50 0.20 0.09 0.29 Net earnings per share $3.86 $4.65 $0.82 $5.45 Diluted net earnings per share: Continuing operations $3.36 $4.42 $0.73 $5.14 Discontinued operations 0.49 0.20 0.09 0.29 Net earnings per share $3.85 $4.62 $0.82 $5.43 Dividends paid per share $1.40 $1.20 $0.40 $1.60 Weighted average shares outstanding (in thousands) Basic 244,191 233,281 242,114 235,453 Diluted 245,354 234,356 243,472 236,546 (1) The first, second and third quarters of 2005 include charges of $22 million, $27 million and $19 million, respectively, or $68 million year-to-date, for countervailing and anti-dumping duties and related costs. The first, second, third and fourth quarters of 2004 include charges of $26 million, $34 million, $31 million and $27 million, respectively, or $118 million year-to-date, for countervailing and anti-dumping duties and related costs. (2) The first, second and third quarters of 2005 include net foreign exchange gains (losses) of $13 million, ($13) million and $37 million, respectively, for a year-to-date net gain $37 million. The first, second, third and fourth quarters of 2004 include net foreign exchange gains (losses) of ($9) million, ($7) million, $16 million and $27 million, respectively, for a total year-to-date net gain of $27 million. These gains and losses result primarily from fluctuations in Canadian and New Zealand exchange rates. (3) The first quarter of 2005 includes a $12 million charge for the settlement of a linerboard antitrust lawsuit. The second quarter of 2005 includes an $18 million charge related to alder litigation and $57 million of income related to the recognition of a deferred gain from previous timberlands sales. The third quarter of 2005 includes a $115 million gain on the sale of an investment in a joint venture. The first quarter of 2004 includes a $49 million charge for the settlement of lawsuits involving the market for Pacific Northwest alder logs and a $33 million gain on the sale of an oriented strand board mill in Slave Lake, Alberta. The second quarter of 2004 includes a $16 million charge resulting from an adverse judgment in a lawsuit involving the market for Pacific Northwest alder logs. The third quarter of 2004 includes a $271 million gain on the sale of timberlands in Georgia, a $25 million gain from a tenure reallocation agreement with the British Columbia government, and a $20 million gain due to the reduction of the reserve for hardboard siding claims. The fourth quarter of 2004 includes a net gain of $36 million on the sale of facilities, and charges of $29 million for the impairment of assets in the company's European manufacturing operations, $24 million recognized in connection with a change in the method of estimating workers' compensation liabilities and $23 million for the net book value of technology donated to a university. (4) The third quarter of 2005 includes a charge of $21 million for the early extinguishment of debt. The second and fourth quarters of 2004 include charges of $21 million and $52 million, respectively, for the early extinguishment of debt. (5) The second quarter of 2005 includes a charge of $44 million related to the repatriation of $1.1 billion of eligible Canadian earnings under the provisions of the American Jobs Creation Act of 2004. The third quarter of 2005 includes a one-time tax benefit of $14 million related to a change in the Ohio state income tax law. (6) Includes the net operating results of the company's operations in coastal British Columbia. The second quarter of 2005 also includes a gain of $110 million, including a tax benefit of $46 million, related to the sale of these operations. The third quarter of 2005 includes a $1 million charge related to the termination of pension plans associated with these operations. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Net sales and revenues (in millions): Q1 Q2 Q3 March March June June Sept. Sept. 27, 28, 26, 27, 25, 26, 2005 2004 2005 2004 2005 2004 Timberlands: Logs $182 $193 $195 $211 $188 $197 Other products 82 58 63 66 65 51 264 251 258 277 253 248 Wood Products: Softwood lumber 892 819 1,032 1,106 889 1,089 Plywood 183 221 196 263 184 237 Veneer 13 11 10 12 9 11 Composite panels 120 108 132 133 122 138 OSB 288 338 306 456 267 341 Hardwood lumber 94 90 102 100 95 89 Engineered I-Joists 160 134 213 178 202 189 Engineered Solid Section 190 148 241 194 244 203 Logs 27 23 24 38 6 32 Other products 272 255 339 312 326 315 2,239 2,147 2,595 2,792 2,344 2,644 Cellulose Fiber and White Papers: Pulp 376 339 355 371 381 381 Paper 599 535 611 538 604 583 Coated groundwood 42 36 47 37 45 39 Liquid packaging board 47 49 52 53 50 53 Other products 14 10 12 13 16 15 1,078 969 1,077 1,012 1,096 1,071 Containerboard, Packaging and Recycling: Containerboard 117 81 101 80 86 94 Packaging 898 853 969 918 929 916 Recycling 92 80 92 91 87 87 Bags 22 19 21 18 20 20 Other products 34 33 40 34 47 43 1,163 1,066 1,223 1,141 1,169 1,160 Real Estate and Related Assets 655 469 648 524 596 591 Corporate and Other 149 135 151 147 146 135 Less sales of discontinued operations (144) (126) (114) (165) -- (170) $5,404 $4,911 $5,838 $5,728 $5,604 $5,679 Contribution (charge) to earnings: Q1 Q2 Q3 (in millions) March March June June Sept. Sept. 27, 28, 26, 27, 25, 26, 2005 2004 2005 2004 2005 2004 Timberlands (1) (2) $200 $159 $210 $201 $191 $450 Wood Products (3) (4) (5) (6) 131 173 204 448 124 362 Cellulose Fiber and White Papers (7) 19 (25) 16 14 (2) 80 Containerboard, Packaging and Recycling (8) (9) 48 24 99 62 36 82 Real Estate and Related Assets (10) 183 120 156 118 145 155 Corporate and Other (11) (12) (13) (17) (76) 99 (67) 101 (45) $564 $375 $784 $776 $595 $1,084 Year-to- Net sales and revenues (in millions): Year-to-date Q4 date Sept. 25, Sept. 26, Dec. 26, Dec. 26, 2005 2004 2004 2004 Timberlands: Logs $565 $601 $221 $822 Other products 210 175 105 280 775 776 326 1,102 Wood Products: Softwood lumber 2,813 3,014 901 3,915 Plywood 563 721 208 929 Veneer 32 34 10 44 Composite panels 374 379 122 501 OSB 861 1,135 255 1,390 Hardwood lumber 291 279 86 365 Engineered I-Joists 575 501 177 678 Engineered Solid Section 675 545 189 734 Logs 57 93 32 125 Other products 937 882 280 1,162 7,178 7,583 2,260 9,843 Cellulose Fiber and White Papers: Pulp 1,112 1,091 380 1,471 Paper 1,814 1,656 570 2,226 Coated groundwood 134 112 44 156 Liquid packaging board 149 155 53 208 Other products 42 38 16 54 3,251 3,052 1,063 4,115 Containerboard, Packaging and Recycling: Containerboard 304 255 113 368 Packaging 2,796 2,687 897 3,584 Recycling 271 258 89 347 Bags 63 57 23 80 Other products 121 110 46 156 3,555 3,367 1,168 4,535 Real Estate and Related Assets 1,899 1,584 911 2,495 Corporate and Other 446 417 158 575 Less sales of discontinued operations (258) (461) (171) (632) $16,846 $16,318 $5,715 $22,033 Contribution (charge) to earnings: Year-to- (in millions) Q4 date Sept. 25, Sept. 26, Dec. 26, Dec. 26, 2005 2004 2004 2004 Timberlands (1) (2) $601 $810 $217 $1,027 Wood Products (3) (4) (5) (6) 459 983 72 1,055 Cellulose Fiber and White Papers (7) 33 69 35 104 Containerboard, Packaging and Recycling (8) (9) 183 168 81 249 Real Estate and Related Assets (10) 484 393 217 610 Corporate and Other (11) (12) (13) 183 (188) (83) (271) $1,943 $2,235 $539 $2,774 (1) The 2004 third quarter includes a $271 million gain on the sale of timberlands in Georgia and a $5 million gain from a tenure reallocation agreement with the British Columbia government. (2) The first quarter of 2005 includes $3 million of charges for the closure of facilities. The third quarter of 2005 includes a $5 million loss related to hurricane damage. (3) The first, second and third quarters of 2005 include charges of $22 million, $27 million and $19 million, respectively, or $68 million year-to-date, for countervailing and anti-dumping duties and related costs. The first, second, third and fourth quarters of 2004 include charges of $26 million, $34 million, $31 million and $27 million, respectively, or $118 million year-to-date, for countervailing and anti-dumping duties and related costs. (4) The second quarter of 2005 includes an $18 million charge related to alder litigation. The third quarter of 2005 includes $9 million of income related to the reduction of reserves for alder litigation and an insurance settlement related to product liability claims. The first quarter of 2004 includes a $49 million charge for the settlement of lawsuits involving the market for Pacific Northwest alder logs. The second quarter of 2004 includes a $16 million charge resulting from an adverse judgment in a lawsuit involving the market for Pacific Northwest alder logs. The third quarter of 2004 includes a $20 million gain due to the reduction of the reserve for hardboard siding claims. (5) The second quarter of 2005 includes a $6 million gain related to a tenure reallocation agreement with the British Columbia government. The third quarter of 2004 includes a $20 million gain from a tenure reallocation agreement with the British Columbia government. (6) The first, second and third quarters of 2005 include charges of $1 million, $1 million and $6 million, respectively, associated with the sale or closure of facilities. The first quarter of 2004 includes a credit of $2 million for the reversal of closure costs accrued in prior years and a $33 million gain on the sale of an oriented strand board mill in Slave Lake, Alberta. The second quarter of 2004 includes a $5 million net loss on the sale of facilities. The third quarter of 2004 includes a $2 million net gain on the sale or closure of facilities. The fourth quarter of 2004 includes charges of $3 million for the closure of facilities and a gain of $36 million on the sale of facilities. (7) The third quarter of 2005 includes net charges of $22 million related to facility closures. The second quarter of 2004 includes a $2 million asset impairment charge related to assets held for sale. (8) The first quarter of 2005 includes a $12 million charge associated with the settlement of a linerboard antitrust lawsuit. The third quarter of 2005 includes a $1 million loss related to hurricane damage. (9) The first, second and third quarters of 2005 include charges of $4 million, $2 million and $1 million, respectively, for the closure of facilities. The first quarter of 2004 includes closure costs of $3 million. The second quarter of 2004 includes a net gain of $1 million on the sales of a facility and a joint venture investment. The third quarter of 2004 includes closure costs of $12 million, including a pension termination charge of $9 million related to a closure that occurred in a previous year. The fourth quarter of 2004 includes a credit of $3 million for the reversal of closure costs accrued in prior years. (10) The first, second and third quarters of 2005 include net gains (losses) on land and lot sales of $57 million, $21 million and ($1) million, respectively. The first quarter of 2004 includes a $22 million gain on a land sale. The third quarter of 2004 includes a gain of $18 million on the sale of a multi-family site. The fourth quarter of 2004 includes a $24 million net gain on land and lot sales. (11) The second quarter of 2005 includes a $64 million pretax gain on the sale of the company's operations in coastal British Columbia and $57 million of income related to the recognition of a deferred gain from previous timberlands sales. The third quarter of 2005 includes a $115 million gain on the sale of an investment in a joint venture. The fourth quarter of 2004 includes a $7 million gain for the settlement of an insurance claim relating to the Cemwood litigation. (12) The fourth quarter of 2004 includes charges of $29 million for the impairment of assets in the company's European manufacturing operations, $24 million recognized in connection with a change in the method of estimating workers' compensation liabilities and $23 million for the net book value of technology donated to a university. (13) The first, second and third quarters of 2005 include net foreign exchange gains (losses) of $13 million, ($12) million and $38 million, respectively, for a year-to-date net gain of $39 million. The first, second, third and fourth quarters of 2004 include net foreign exchange gains (losses) of ($10) million, ($6) million, $16 million and $26 million, respectively, for a $26 million net gain year-to-date. These gains and losses result primarily from fluctuations in Canadian and New Zealand exchange rates. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Third party sales volumes: Q1 Q2 Q3 March March June June Sept. Sept. 27, 28, 26, 27, 25, 26, 2005 2004 2005 2004 2005 2004 Timberlands (thousands): Logs - cunits 864 1,044 863 954 886 904 Wood Products (millions): Softwood lumber - board feet 2,057 2,054 2,355 2,393 2,179 2,299 Plywood - square feet (3/8") 537 642 600 668 558 672 Veneer - square feet (3/8") 60 55 59 60 51 55 Composite panels - square feet (3/4") 299 301 317 324 308 315 Oriented strand board - square feet (3/8") 908 981 1,041 1,143 1,008 1,078 Hardwood lumber - board feet 102 103 114 117 105 102 Engineered I-Joists - LF 108 108 138 132 125 133 Engineered Solid Section - CF 9 8 10 10 10 10 Logs - cunits (in thousands) 187 170 177 279 41 237 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 629 624 587 642 653 633 Paper - tons 736 741 742 718 757 737 Coated groundwood - tons 58 59 62 61 56 60 Liquid packaging board - tons 60 66 65 72 64 69 Paper converting - tons - Restated 2005.2 excluding rolls 475 467 494 459 494 470 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 295 250 259 221 238 245 Packaging - MSF 17,354 18,146 18,600 18,917 18,560 18,287 Recycling - tons 692 678 695 701 665 645 Kraft bags and sacks - tons 23 24 22 23 22 23 Real Estate and Related Assets: Single-family homes sold 1,378 1,506 1,525 1,564 1,608 1,313 Single-family homes closed 1,189 1,065 1,279 1,216 1,257 1,345 Single-family homes sold but not closed at end of period 2,561 2,702 2,807 3,050 3,158 3,018 Total production volumes: Q1 Q2 Q3 March March June June Sept. Sept. 27, 28, 26, 27, 25, 26, 2005 2004 2005 2004 2005 2004 Timberlands (thousands): Fee Depletion - cunits 2,248 2,265 2,231 2,404 2,098 2,189 Wood Products (millions): Softwood lumber - board feet 1,821 1,760 1,869 1,881 1,651 1,819 Plywood - square feet (3/8") 303 422 302 405 296 405 Veneer - square feet (3/8") (1) 517 585 529 609 486 592 Composite panels - square feet (3/4") 267 268 282 281 268 272 Oriented strand board - square feet (3/8") 1,007 1,031 1,019 1,056 1,017 1,022 Hardwood lumber - board feet 92 89 96 96 91 84 Engineered I-Joists - LF 133 110 132 124 108 136 Engineered Solid Section - CF 11 9 10 11 10 11 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 621 619 614 636 663 652 Paper - tons (2) 763 743 752 736 765 766 Coated groundwood - tons 55 55 59 61 60 62 Liquid packaging board - tons 60 61 64 67 69 71 Paper converting - tons - Restated 2005.2 excluding rolls 475 460 487 442 483 471 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (3) 1,503 1,503 1,581 1,598 1,597 1,604 Packaging - MSF 18,628 19,493 19,915 20,208 19,416 19,473 Recycling - tons (4) 1,624 1,607 1,673 1,707 1,716 1,703 Kraft bags and sacks - tons 23 24 22 23 21 23 Year-to- Third party sales volumes: Year-to-date Q4 date Sept. 25, Sept. 26, Dec. 26, Dec. 26, 2005 2004 2004 2004 Timberlands (thousands): Logs - cunits 2,613 2,902 1,018 3,920 Wood Products (millions): Softwood lumber - board feet 6,591 6,746 2,144 8,890 Plywood - square feet (3/8") 1,695 1,982 647 2,629 Veneer - square feet (3/8") 170 170 55 225 Composite panels - square feet (3/4") 924 940 294 1,234 Oriented strand board - square feet (3/8") 2,957 3,202 1,011 4,213 Hardwood lumber - board feet 321 322 95 417 Engineered I-Joists - LF 371 373 123 496 Engineered Solid Section - CF 29 28 9 37 Logs - cunits (in thousands) 405 686 248 934 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 1,869 1,899 659 2,558 Paper - tons 2,235 2,196 680 2,876 Coated groundwood - tons 176 180 63 243 Liquid packaging board - tons 189 207 69 276 Paper converting - tons - Restated 2005.2 excluding rolls 1,463 1,396 443 1,839 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 792 716 285 1,001 Packaging - MSF 54,514 55,350 17,535 72,885 Recycling - tons 2,052 2,024 670 2,694 Kraft bags and sacks - tons 67 70 25 95 Real Estate and Related Assets: Single-family homes sold 4,511 4,383 992 5,375 Single-family homes closed 3,725 3,626 1,638 5,264 Single-family homes sold but not closed at end of period 3,158 3,018 2,372 2,372 Total production volumes: Year-to- Year-to-date Q4 date Sept. 25, Sept. 26, Dec. 26, Dec. 26, 2005 2004 2004 2004 Timberlands (thousands): Fee Depletion - cunits 6,577 6,858 2,155 9,013 Wood Products (millions): Softwood lumber - board feet 5,341 5,460 1,727 7,187 Plywood - square feet (3/8") 901 1,232 396 1,628 Veneer - square feet (3/8") (1) 1,532 1,786 600 2,386 Composite panels - square feet (3/4") 817 821 245 1,066 Oriented strand board - square feet (3/8") 3,043 3,109 972 4,081 Hardwood lumber - board feet 279 269 80 349 Engineered I-Joists - LF 373 370 134 504 Engineered Solid Section - CF 31 31 10 42 Cellulose Fiber and White Papers (thousands): Pulp - air-dry metric tons 1,898 1,907 639 2,546 Paper - tons (2) 2,280 2,245 761 3,006 Coated groundwood - tons 174 178 62 240 Liquid packaging board - tons 193 199 67 266 Paper converting - tons - Restated 2005.2 excluding rolls 1,445 1,373 465 1,838 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (3) 4,681 4,705 1,586 6,291 Packaging - MSF 57,959 59,174 18,648 77,822 Recycling - tons (4) 5,013 5,017 1,701 6,718 Kraft bags and sacks - tons 66 70 24 94 (1) Veneer production represents lathe production and includes volumes that are further processed into plywood and engineered lumber products by company mills. (2) Paper production includes unprocessed rolls and converted paper volumes. (3) Containerboard production represents machine production and includes volumes that are further processed into packaging and kraft bags and sacks by company facilities. (4) Recycling production includes volumes processed in Weyerhaeuser recycling facilities that are consumed by company facilities and brokered volumes. WEYERHAEUSER COMPANY STATISTICAL INFORMATION CONDENSED CONSOLIDATED BALANCE SHEET (unaudited) (in millions) March 27, June 26, Sept. 25, Dec. 26, Assets 2005 2005 2005 2004 Weyerhaeuser Current assets: Cash and short-term investments $402 $1,704 $885 $1,044 Receivables, less allowances 1,840 2,008 1,966 1,558 Inventories 2,122 2,018 1,992 1,891 Prepaid expenses 634 612 581 592 Assets of business held for sale 1,119 -- -- 1,129 Total current assets 6,117 6,342 5,424 6,214 Property and equipment 11,447 11,175 11,093 11,672 Construction in progress 324 451 544 268 Timber and timberlands at cost, less fee stumpage charged to disposals 3,712 3,709 3,690 3,733 Investments in and advances to equity affiliates 491 495 496 489 Goodwill 2,997 2,977 2,989 2,996 Deferred pension and other assets 1,197 1,249 1,309 1,201 Restricted assets held by special purpose entities 914 916 914 909 27,199 27,314 26,459 27,482 Real Estate and Related Assets Cash and short-term investments 5 11 4 153 Receivables, less allowances 60 57 49 43 Real estate and land for sale and development 2,083 2,333 2,288 1,947 Other assets 323 278 357 329 2,471 2,679 2,698 2,472 Total assets $29,670 $29,993 $29,157 $29,954 Liabilities and Shareholders' Interest Weyerhaeuser Current liabilities: Notes payable and commercial paper $2 $2 $3 $3 Current maturities of long-term debt 96 225 182 489 Accounts payable 1,150 1,225 1,167 1,159 Accrued liabilities 1,313 1,655 1,562 1,432 Liabilities of business held for sale 308 -- -- 297 Total current liabilities 2,869 3,107 2,914 3,380 Long-term debt 9,263 8,926 8,010 9,277 Deferred income taxes 4,315 4,320 4,396 4,312 Deferred pension, other postretirement benefits and other liabilities 1,494 1,560 1,585 1,500 Liabilities not owned, consolidated under FIN 46R 820 784 783 815 18,761 18,697 17,688 19,284 Real Estate and Related Assets Notes payable and commercial paper 2 5 3 2 Long-term debt 869 854 852 867 Other liabilities 533 588 488 546 1,404 1,447 1,343 1,415 Total liabilities 20,165 20,144 19,031 20,699 Shareholders' interest 9,505 9,849 10,126 9,255 Total liabilities and shareholders' interest $29,670 $29,993 $29,157 $29,954 STATEMENT OF CASH FLOWS Q1 Q2 Q3 March March June June Sept. Sept. SELECTED INFORMATION (unaudited) 27, 28, 26, 27, 25, 26, (in millions) 2005 2004 2005 2004 2005 2004 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $(203) $(89) $713 $787 $441 $592 Cash paid for property and equipment (117) (79) (196) (80) (220) (93) Cash paid for timberlands reforestation (12) (12) (6) (6) (6) (5) Cash received from issuances of debt -- -- 1 -- (1) -- Revolving credit facilities, notes and commercial paper borrowings, net 19 67 23 (80) (40) (6) Payments on debt (404) (60) (206) (813) (965) (253) Proceeds from equity offering -- -- -- 954 -- -- Proceeds from the sale of BC Coastal operations -- -- 1,107 -- -- -- Year-to- STATEMENT OF CASH FLOWS Year-to-date Q4 date SELECTED INFORMATION (unaudited) Sept. 25, Sept. 26, Dec. 26, Dec. 26, (in millions) 2005 2004 2004 2004 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $951 $1,290 $745 $2,035 Cash paid for property and equipment (533) (252) (222) (474) Cash paid for timberlands reforestation (24) (23) (7) (30) Cash received from issuances of debt -- -- 1 1 Revolving credit facilities, notes and commercial paper borrowings, net 2 (19) 35 16 Payments on debt (1,575) (1,126) (742) (1,868) Proceeds from equity offering -- 954 -- 954 Proceeds from the sale of BC Coastal operations 1,107 -- -- --

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