新闻的房间

打印新闻稿

Weyerhaeuser报告22季度净收入为3200万美元,或每次摊薄股份15美分,销售额为43亿美元

公司
联邦方式,洗。
2007年8月3日

Weyerhaeuser公司(纽约证券交易所)(纽约证券交易所)(纽约证券交易所)今天报告了2007年第二季度的净收入为3200万美元,或每次摊薄股份15美分,销售额为43亿美元。

(标志:http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a)(标识:http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b*木产品、房地产及相关资产部门的资产减值、木产品设施的关闭和加拿大分销设施的出售费用为3000万美元,或摊薄每股14美分。manbetx apk手机版*与债务提前解除相关的2700万美元费用,或稀释每股12美分。*涉及法律和解和合同终止的2500万美元费用,或稀释每股12美分。*在2007年第一季度Domtar交易中分配给惠好股东的精细纸业务及相关资产的额外成本支出为500万美元,即摊薄后每股2美分。*出售加州一处此前关闭的箱包厂场地,以及与火灾和随后关闭的新泽西箱包厂相关的费用,净赚1500万美元,或摊薄每股7美分。

不包括这些物品,公司于2007年第二季度赢得了1.04亿美元,或每股摊薄48美分。

2006年第二季度业绩重点是反映了Domtar交易中包含的精细纸业和相关资产,因为已停产的行动,并根据产生的费用计划新的会计宣告以费用计划的主要维护成本。

2006年第二季度,韦伊尔·纳伯人净收入为2.98亿美元,或每次摊薄股份1.19美元,净销售额为49亿美元。2006年第二季度收益包括以下税后项目:

*与重组纸板、包装和回收业务模式相关的1200万美元支出,或摊薄每股5美分。*与设施关闭有关的1,100万元费用,即摊薄每股4美分。

此外,2006年第二季度的净收入包括4800万美元的一次性税收福利,或每次摊薄股份的19美分,与德克萨斯州所得税法的变化有关,加拿大联邦所得税税率减少及延期与Medicare D部分有关的税收调整。

不包括这些物品,该公司在2006年第二季度赢得了2.73亿美元,或每股1.09美元,或1.09美元。

第二季度商业绩效摘要*林地 - 更高的季节性成本和较低的非战略TIMBERLAND的销售不利影响。*木manbetx apk手机版制品 - 木材,胶合板和面向股线板价格略有增加,但市场条件仍然困难。*纤维素纤维 - 价格持续增加。* Containseboard包装和回收 - 包装出货量中的正常季节上升和由于产品组合而导致的包装的平均价格变化增加,但纤维成本仍然很高。*房地产和相关资产 - 市场条件仍然挑战,利润率继续下降。

“回应持续具有挑战性的市场条件,我们在第二季度管理生产和成本,”总裁兼首席执行官主席斯蒂文·罗格尔说。“我们的重点仍然是我们一直在实施的战略倡议,为股东创造更多价值。在即将到来,我们将寻找进一步降低成本的方法,并随着我们面临持续缓慢的住房市场产生的挑战,提高性能。会议这些挑战需要艰难的决定和每个员工的重点。“

总结第二季度金融突显出数百万(每股数据除外)2 q 2007 2 q 2006改变净收益32 298美元(266美元)的收益摊薄后每股0.15美元1.19美元(1.04美元)的净销售额4334美元4867美元(533美元)的部分结果第二季度税前收益(贡献)数百万2 q 2007 2 q 2006改变林地142美元224美元(82美元)的木材产品($123)$131($254)纤维素纤维$48 $23 $25细纸$0($20)$20硬纸板、包装及回收$112 $69 $43房地产及相关资产$64 $123 ($59)TIMBERLANDS 2007第二季2007第一季度税前收入变动贡献(百万)$142 $175 ($33)

2007年2季度的性能 - 道路和造林成本的季节性增加,以及较低的非战略林地交易水平,促成了第一季度收益的减少。此外,该分部改变了其核算石油和天然气收入和与租赁公司的Timberland相关的收入的方法。这一变化的效果是第二季度收益的1100万美元。价格和体积运动对第一季度的变化没有显着影响。

2007年3季度展望 - 与第二季度相比,Weyerhaeuser预计第三季度的非战略Timberland交易将更高。预计房地产市场的持续疲软将导致较低的卷和价格。

manbetx apk手机版木材产品2007年第二季度2007年第一季度变化贡献税前收入(亏损)(百万)(123美元)(167美元)44美元

2007年第二季度业绩-排除以下项目,该部门的净亏损较第一季度减少了3800万美元,但仍然反映了艰难的市场状况。

* 2007年第二季度包括资产损伤和其他收费的税前费用,包括销售加拿大分销业务,米拉米奇的关闭,新的布伦瑞克导向的斯特兰板磨机和宣布关闭Claresholm,艾伯塔省木材厂。* 2007年第二季度还包括1700万美元的税前费用,用于诉讼的预期解决。* 2007年第一季度包括与加拿大分销业务和米拉米奇导向的斯坦铁厂相关的资产减值费用5600万美元的税前费用。

住房需求疲软继续影响部门业绩。木材、胶合板和定向刨花板的平均价格较第一季度略有上升,部分抵消了工程木材价格下降的影响。木材和工程木材产品的销量增加了,但胶合板和定向刨花板的销量下降了。manbetx apk手机版加元走强对加拿大制造产品的收益贡献产生不利影响。

2007年第三季度展望-该公司预计,与第二季度相比,该部门在第三季度的亏损将有所减少,主要原因是定向刨花板价格上涨,原木和管理费用成本下降。软木和工程木材产品的价格预计会下降。manbetx apk手机版该公司预计木材和工程木材产品的出货量将保持接近第二季度的水平。manbetx apk手机版导向刨花板的出货量预计将根据预期的轧机操作姿态减少。

纤维素纤维2007年第2季度2007年第1季度变化贡献税前收入(百万)$48 $22 $26

2007年第二季度业绩-市场状况继续改善。由于第一季度Domtar交易的完成,第二季度的纸浆出货量有所下降。由于该部门在第二季度完成了两家工厂的年度维修中断,而第一季度只有三家工厂维修中断,维护成本下降,整体生产率提高。

2007年3季度Outlook - Weyerhaeuser预计将在第三季度延长该段的收益较强。该公司预定年度维护减少。

集装箱板,包装和回收2007年第二季度2007年第一季度变化对税前收入的贡献(百万)112美元67美元45美元

2007年2季度性能 - 第二季度包括在加利福尼亚州的一个先前封闭的盒子厂房销售的税前收益2900万美元,以及与火灾的火灾和随后关闭的收费500万美元,N.J. Box Plant。不包括这些物品,分段收益与第一季度相比增加了2100万美元。

平均包装价格实现增长主要是由于产品组合。硬纸板出口价格高于第一季度。增加的包装运输和较低的能源成本部分被增加的旧瓦楞纸箱(OCC)成本和集装箱厂每年的定期维护停机时间所抵消。

2007年3季度Outlook - Weyerhaeuser预计第三季度盈利将从第二季度级别增加。该公司预计将从更高的包装装运量中受益,预定的维护中断和季节性能源成本降低。OCC成本预期更高。

房地产及相关资产2007年第二季度2007年第一季度变化贡献税前收入(百万)64美元58美元6

2007年第二季度业绩:单户住宅成交量较第一季度略有增加;然而,由于房地产市场疲软,平均销售价格和利润率继续下降。第二季度的收益包括出售一个公寓项目带来的4,200万美元的收益,以及1,200万美元的资产减值支出。已售出但未售出的积压房屋持续了大约五个月。

2007年第三季度展望-惠好预计第三季度的收益将低于第二季度。由于艰难的市场环境,利润率继续下降。该公司预计第三季度不会从非住宅建筑活动中获得任何重大收益。

关于Weyerhaeuser

Weyerhaeuser公司是世界上最大的森林产品公司之一,于1900年注册成立。2006年,销售额为219亿美元。它在全球客户提供18个国家的办事处或运营。Weyerhaeuser主要从事木材的不断增长和收获;林产品的制造,分销和销售;和房地产建设,发展和相关活动。有关Weyerhaeuser的业务,产品和实践的其他信息//www.noirla.com/

财报电话会议信息

Weyerhaeuser将于8月3日举行8点至太平洋(东部10次)的现场电话会议。3讨论第二季度结果。

从北美内部访问电话会议,请在通话前至少15分钟拨打1-800-218-0530。来自北美外部的人应拨打1-303-205-0033。从北美内部的1-800-405-2236(访问码 - 11092363#)和1-303-590-3000(访问代码 - 11092363#)的重播将获得一周(11092363#)。通过Weyerhaeuser的互联网网站在线广播正在访问http://investor.weyerhaeuser.com/点击“Q2 2007收益会议电话”链接。

网络广播可通过Thomson StreetEvents网络提供给机构和个人投资者。万博电竞个人投资者可以听取电话万博电竞http://www.fulldisclosure.com/汤姆森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的密码万博电竞保护网站StreetEvents (http://www.streetevents.com/)。

前瞻性陈述

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公司2007年第三季度的市场预期,公司业务部门的盈利和业绩,公司产品的需求和定价,非战略性土地销售,产品组合,OCC和纤维成本的增加,降低季节性能源成本,并安排年度维修和相关事宜。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:

*一般经济状况的影响,包括利率水平和住房的效果;*市场需求对公司的产品,可能与各种美国商业领域的相对实力相关联;*能源价格;*原材料价格;*化学价格;*公司的制造业务表现,包括意外的维护要求;*成功执行内部绩效计划;*国内外生产商的竞争程度;*林业,土地利用,环境和其他政府法规的影响以及会计法规的变化;*天气的影响; * 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.

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。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,年初至今(百万)4月1日3月26日7月1日,6月25日,7月1日,6月25日,2007年2006年2007年2006年2007年2006年的净销售额和收入:惠好$ 3,404个$ 3,761 $ 3,775 $ 4,121 $七千一百七十九$ 7,882不动产及相关资产487 690 559 746 1046 1,436总净销售收入3891 4,451 4,3344867倍8225 9318的成本和费用:惠好:产品成本出售(1)2785 2947 3085 3190 5870 6137折旧,折耗及摊销232 233 223 231 455 464销售费用109 100 109 117 218 217管理费用200 235 199 205 399440项研究及开发费用(2)16 16 18 15 34个31收费(逆转),用于重组(3)3(1)2个18 5 17收费设施(4)5 2 19 5 24 7减值善意的封闭件(5)22  -   -   -  22  -  countervaili的退款Ng和反倾销税 -   -   -   -   -   - 其他业务成本(收益),净利润(6)(7)21 31 5 26 26 5 3,393 3,563 3,660 3,755 7053 7318房地产及相关资产:成本和运营开支(8)379项482 415 553 794 1035折旧和摊销6​​ 3 5 4 11 7销售费用41 37 45 43 86 80总体管理费用28 30 27 35 55 65点其他运行成本(收入),净(4)(3)4 3  -   - 长期资产减值 -   -  12 3 12 3 450 549 508 641 958对1190总成本和费用3843 4112 4168 4396 8011 8508营业收入48 339 166 471 214 810利息费用及其它:惠好:利息费用支付(9)(131)(128)(179)(129)(310)(257)减:利息资本30 16 29 20 59 36利息收益和其它20 19 25 15 45 34公平分支机构的收入(损失)(10)(1)3 1月6日至九日房地产及相关资产:利息费用支出(12)(14)(16)(14)(28)(28)减:利息资本12 14 16 14 28 28利息收入和其他3 10 1 3 4 13 Equity in income of unconsolidated entities 18 21 12 15 30 36 Earnings (loss) from continuing operations before income taxes (13) 280 55 401 42 681 Income taxes (1) (11) (3) (100) (18) (92) (21) (192) Earnings (loss) from continuing operations (16) 180 37 309 21 489 Earnings (loss) from discontinued operations, net of taxes (12) 771 (756) (5) (11) 766 (767) Net earnings (loss) (1) $755 $(576) $32 $298 $787 $(278) Basic net earnings (loss) per share: Continuing operations $(0.07) $0.73 $0.17 $1.24 $0.09 $1.98 Discontinued operations 3.31 (3.07) (0.02) (0.04) 3.40 (3.11) Net earnings (loss) per share $3.24 $(2.34) $0.15 $1.20 $3.49 $(1.13) Diluted net earnings (loss) per share: Continuing operations $(0.07) $0.73 $0.17 1.23 $0.09 $1.97 Discontinued operations 3.31 (3.06) (0.02) (0.04) 3.38 (3.09) Net earnings (loss) per share $3.24 $(2.33) $0.15 $1.19 $3.49 $(1.12) Dividends paid per share $0.60 $0.50 $0.60 $0.50 $1.20 $1.00 Weighted average shares outstanding (in thousands): Basic 233,242 245,794 217,688 248,147 225,465 246,971 Diluted 233,242 246,970 218,743 249,194 226,711 248,082 Common and exchangeable shares outstanding at end of period (in thousands) 217,726 247,555 217,759 248,269 217,759 248,269 Q3 Q4 Year-to-date Sept. 24, Dec. 31, Dec. 31, 2006 2006 2006 Net sales and revenues: Weyerhaeuser $3,805 $3,649 $15,336 Real Estate and Related Assets 749 1,150 3,335 Total net sales and revenues 4,554 4,799 18,671 Costs and expenses: Weyerhaeuser: Costs of products sold (1) 3,038 3,007 12,182 Depreciation, depletion and amortization 231 252 947 Selling expenses 111 123 451 General and administrative expenses 214 241 895 Research and development expenses (2) 23 15 69 Charges (reversals) for restructuring (3) 4 - 21 Charges for closure of facilities (4) 15 50 72 Impairment of goodwill (5) - - - Refund of countervailing and anti-dumping duties - (344) (344) Other operating costs (income), net (6) (7) (36) (105) (136) 3,600 3,239 14,157 Real Estate and Related Assets: Costs and operating expenses (8) 539 764 2,338 Depreciation and amortization 10 8 25 Selling expenses 44 56 180 General and administrative expenses 30 29 124 Other operating costs (income), net (2) (1) (3) Impairment of long-lived assets 14 19 36 635 875 2,700 Total costs and expenses 4,235 4,114 16,857 Operating income 319 685 1,814 Interest expense and other: Weyerhaeuser: Interest expense incurred (9) (126) (136) (519) Less: interest capitalized 21 27 84 Interest income and other 17 19 70 Equity in income (loss) of affiliates (10) - (2) 7 Real Estate and Related Assets: Interest expense incurred (12) (15) (55) Less: interest capitalized 12 15 55 Interest income and other 7 10 30 Equity in income of unconsolidated entities 14 8 58 Earnings (loss) from continuing operations before income taxes 252 611 1,544 Income taxes (1) (11) (86) (202) (480) Earnings (loss) from continuing operations 166 409 1,064 Earnings (loss) from discontinued operations, net of taxes (12) 58 98 (611) Net earnings (loss) (1) $224 $507 $453 Basic net earnings (loss) per share: Continuing operations $0.67 $1.72 $4.35 Discontinued operations 0.24 0.40 (2.50) Net earnings (loss) per share Diluted net earnings (loss) per share: $0.91 $2.12 $1.85 Continuing operations $0.67 $1.72 $4.33 Discontinued operations 0.24 0.40 (2.49) Net earnings (loss) per share $0.91 $2.12 $1.84 Dividends paid per share $0.60 $0.60 $2.20 Weighted average shares outstanding (in thousands): Basic 247,428 238,824 244,931 Diluted 247,900 239,525 245,780 Common and exchangeable shares outstanding at end of period (in thousands) 242,929 238,008 238,008 FOOTNOTES TO CONSOLIDATED EARNINGS (in millions) (1)The following adjustments were made to 2006 quarterly results to apply a new accounting pronouncement to expense planned major maintenance costs as incurred: Year-to- Year-to- date date Q1 2006 Q2 2006 Q2 2006 Q3 2006 Q4 2006 2006 Cellulose Fibers $(5) $(10) $(15) $13 $2 $- Fine Paper 7 (10) (3) 6 (3) - Containerboard, Packaging, and Recycling 4 (5) (1) 1 - - 6 (25) (19) 20 (1) - Income taxes (2) 9 7 (7) - - Net earnings (loss) $4 $(16) $(12) $13 $(1) $- (2) The third quarter of 2006 includes a $9 million charge related to the acquisition of OrganicID, a research and development company. (3)The second quarter of 2006 includes an $18 million charge related to the restructuring of the Containerboard, Packaging, and Recycling business model. (4) See detail of closure charges by segment on page 4. (5) The first quarter of 2007 includes a charge of $22 million for the impairment of goodwill associated with Canadian wood products distribution facilities. (6) Includes net foreign exchange gains (losses), primarily from fluctuations in Canadian and New Zealand exchange rates: Year-to- Year- date to- Q1 Q1 Q2 Q2 Q2 Q2 Q3 Q4 date 2007 2006 2007 2006 2007 2006 2006 2006 2006 $7 $(26) $29 $21$36 $(5) $17 $15 $27 (7) The first and second quarters of 2007 include $34 million and $12 million, respectively, in asset impairments related to wood products facilities. The second quarter also includes a $29 million gain on the sale of a previously closed box plant site, a $40 million charge for legal settlements and a contract termination, and $6 million in additional charges related to the sale of Canadian Wood Products distribution facilities. The third quarter of 2006 includes $23 million of income related to a reduction of the reserve for hardboard siding claims and charges of $7 million for the impairment of fixed assets related to production curtailments. The fourth quarter of 2006 includes $95 million of income related to a reversal of the reserve for alder litigation claims. (8)The first quarter of 2006 includes income of $8 million related to a warranty insurance recovery. (9) The second quarter of 2007 includes a $42 million charge related to the early extinguishment of debt. (10)The third quarter of 2006 includes a $2 million charge related to the impairment of investments in equity affiliates. (11) The second quarter of 2006 includes a one-time tax benefit of $48 million related to a change in Texas state income tax law, a reduction in the Canadian federal income tax rate and a deferred tax adjustment related to the Medicare Part D subsidy. (12)Discontinued operations includes the net operating results of the operations of the fine paper business and related assets and the North American and European composite panels operations. The first quarter of 2007 includes a pretax gain of $682 million and related tax benefit of $74 million and the second quarter of 2007 includes pretax charges of $4 million related to the distribution of the fine paper business and related assets to Weyerhaeuser shareholders. The first and second quarters of 2006 include charges of $746 million and $3 million, respectively, for the impairment of goodwill associated with the fine paper business. The third quarter of 2006 includes a pretax gain of $51 million and related tax expense of $18 million associated with the sale of the North American composite panels operations and an $8 million charge to write off additional goodwill associated with the coastal British Columbia operations. The fourth quarter of 2006 includes a pretax gain of $45 million and related tax expense of $4 million associated with the sale of the Irish composite panels operations. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Net sales and revenues (in millions): (1)(2) Q1 Q2 Year-to-date April 1, March 26, July 1, June 25, July 1, June 25, 2007 2006 2007 2006 2007 2006 Timberlands: Logs $170 $201 $172 $198 $342 $399 Other products 63 62 39 71 102 133 233 263 211 269 444 532 Wood Products: Softwood lumber 574 782 647 857 1,221 1,639 Plywood 100 135 106 147 206 282 Veneer 9 13 14 13 23 26 Composite panels 24 121 24 140 48 261 Oriented strand board 152 287 153 273 305 560 Hardwood lumber 90 99 99 105 189 204 Engineered I-Joists 117 169 147 202 264 371 Engineered solid section 155 204 185 231 340 435 Logs 6 7 4 5 10 12 Other products 243 256 283 327 526 583 1,470 2,073 1,662 2,300 3,132 4,373 Cellulose Fibers: Pulp 405 394 370 402 775 796 Liquid packaging board 56 46 72 62 128 108 Other products 21 13 28 16 49 29 482 453 470 480 952 933 Fine Paper: (2) Paper 432 613 - 601 432 1,214 Coated groundwood 26 40 - 44 26 84 Other products 1 1 - 1 1 2 459 654 - 646 459 1,300 Containerboard, Packaging and Recycling: Containerboard 119 82 109 84 228 166 Packaging 951 911 1,043 1,002 1,994 1,913 Recycling 94 80 103 85 197 165 Bags 23 20 23 20 46 40 Other products 39 34 49 46 88 80 1,226 1,127 1,327 1,237 2,553 2,364 Real Estate and Related Assets 487 690 559 746 1,046 1,436 - Corporate and Other 97 116 105 117 202 233 Less: sales of discontinued operations (563) (925) - (928) (563) (1,853) $3,891 $4,451 $4,334 $4,867 $8,225 $9,318 (1) The fourth quarter of 2006 includes 14 weeks of operations compared to 13 weeks in all other quarters. (2) First quarter 2007 results include 9 weeks of operations for the fine paper business and related assets, prior to the distribution of these assets to Weyerhaeuser shareholders. Contribution (charge) to pre-tax earnings: (in millions) Q1 Q2 Year-to-date April 1, March 26, July 1, June 25, July 1, June 25, 2007 2006 2007 2006 2007 2006 Timberlands (1)(2) $175 $198 $142 $224 $317 $422 Wood Products (1)(2)(5) (167) 117 (123) 131 (290) 248 Cellulose Fibers(1)(2)4) 22 (5) 48 23 70 18 Fine Paper(1)(2)(4)(6) 20 (756) - (20) 20 (776) Containerboard, Packaging and Recycling(1)(2)(4)(7) 67 26 112 69 179 95 Real Estate and Related Assets(2)(8) 58 172 64 123 122 295 Corporate and Other(1)(2)(3)(9) 633 (102) (44) (40) 589 (142) $808 $(350) $199 $510 $1,007 $160 Net sales and revenues (in millions): (1)(2) Q3 Q4 Year-to-date Sept. 24, Dec. 31, Dec. 31, 2006 2006 2006 Timberlands: Logs $200 $182 $781 Other products 46 56 235 246 238 1,016 Wood Products: Softwood lumber 733 625 2,997 Plywood 134 113 529 Veneer 9 7 42 Composite panels 71 25 357 Oriented strand board 203 176 939 Hardwood lumber 96 98 398 Engineered I-Joists 162 137 670 Engineered solid section 190 169 794 Logs 5 6 23 Other products 302 268 1,153 1,905 1,624 7,902 Cellulose Fibers: Pulp 404 457 1,657 Liquid packaging board 59 62 229 Other products 19 22 70 482 541 1,956 Fine Paper: (2) Paper 604 652 2,470 Coated groundwood 42 45 171 Other products 2 - 4 648 697 2,645 Containerboard, Packaging and Recycling: Containerboard 92 119 377 Packaging 997 1,021 3,931 Recycling 89 91 345 Bags 23 25 88 Other products 44 47 171 1,245 1,303 4,912 Real Estate and Related Assets 749 1,150 3,335 Corporate and Other 123 128 484 Less: sales of discontinued operations (844) (882) (3,579) $4,554 $4,799 $18,671 (1) The fourth quarter of 2006 includes 14 weeks of operations compared to 13 weeks in all other quarters. (2) First quarter 2007 results include 9 weeks of operations for the fine paper business and related assets, prior to the distribution of these assets to Weyerhaeuser shareholders. Contribution (charge) to pre-tax earnings: (in millions) Q3 Q4 Year-to-date Sept. 24, Dec. 31, Dec. 31, 2006 2006 2006 Timberlands (1)(2) $178 $167 $767 Wood Products (1)(2)(5) 11 205 464 Cellulose Fibers(1)(2)4) 66 58 142 Fine Paper(1)(2)(4)(6) 68 61 (647) Containerboard, Packaging and Recycling(1)(2)(4)(7) 97 71 263 Real Estate and Related Assets(2)(8) 135 293 723 Corporate and Other(1)(2)(3)(9) (78) (3) (223) $477 $852 $1,489 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONTRIBUTION (CHARGE) TO PRE-TAX EARNINGS (in millions) (1) Closure charges Year-to-date by segment: Q1 2007 Q1 2006 Q2 2007 Q2 2006 Q2 2007 Q2 2006 Timberlands $- $- $- $- $- $- Wood Products 3 - 15 1 18 1 Cellulose Fibers - (1) - - - (1) Fine Paper 2 - - 11 2 11 Containerboard, Packaging and Recycling 2 2 3 5 5 7 Corporate and Other - - 1 - 1 - $7 $1 $19 $17 $26 $18 Closure charges Year-to-date by segment: Q3 2006 Q4 2006 2006 Timberlands $- $1 $1 Wood Products 10 48 59 Cellulose Fibers 1 (3) (3) Fine Paper 3 1 15 Containerboard, Packaging and Recycling 3 4 14 Corporate and Other 26 - 26 $43 $51 $112 The above closure charges include costs incurred within the company's discontinued operations. (2) Share-based compensation charges (income) recognized by Year-to-date segment: Q1 2007 Q1 2006 Q2 2007 Q2 2006 Q2 2007 Q2 2006 Timberlands $1 $1 $- $- $1 $1 Wood Products 2 2 2 - 4 2 Cellulose Fibers 2 1 - - 2 1 Fine Paper - - - - - - Containerboard, Packaging and Recycling 1 2 2 (1) 3 1 Real Estate and Related Assets 2 - 1 2 3 2 Corporate and Other 14 15 5 (5) 19 10 $22 $21 $10 $(4) $32 $17 Share-based compensation charges (income) recognized by Year-to-date segment: Q3 2006 Q4 2006 2006 Timberlands $- $- $1 Wood Products - 1 3 Cellulose Fibers - 1 2 Fine Paper 1 - 1 Containerboard, Packaging and Recycling 1 - 2 Real Estate and Related Assets - - 2 Corporate and Other 1 7 18 $3 $9 $29 (3) Net foreign exchange gains (losses) included in Corporate and Year-to-date Other: Q1 2007 Q1 2006 Q2 2007 Q2 2006 Q2 2007 Q2 2006 $7 $(26) $34 $20 $41 $(6) Net foreign exchange gains (losses) included in Corporate and Year-to-date Other: Q3 2006 Q4 2006 2006 $17 $14 $25 (4) See detail of quarterly adjustments made to apply a new accounting pronouncement to expense planned major maintenance costs as incurred on page 2. (5) Additional Wood Products notes: (a) The first quarter of 2007 includes charges of $22 million for the impairment of goodwill associated with Canadian distribution facilities and $34 million in asset impairments related to wood products facilities. (b) The second quarter of 2007 includes a charge of $17 million for the expected settlement of litigation (c) The second quarter of 2007 includes charges of $12 million in asset impairments related to wood products facilities and $6 million in additional charges related to the sale of Canadian distribution facilities. (d) The third quarter of 2006 includes $23 million of income related to a reduction of the reserves for hardboard siding claims. (e) The third quarter of 2006 includes a $51 million gain on the sale of the company's North American composite panels operations. (f) The third quarter of 2006 includes charges of $7 million for the impairment of fixed assets related to production curtailments. (g) The fourth quarter of 2006 includes $344 million of income from the refund of countervailing and anti-dumping duties. (h) The fourth quarter of 2006 includes $95 million of income related to a reversal of the reserves for alder litigation claims. (6) Additional Fine Paper notes: (a) The first and second quarters of 2006 include charges of $746 million and $3 million, respectively, for the impairment of goodwill associated with the fine paper business. (7) Additional Containerboard, Packaging and Recycling notes: (a) The second quarter of 2007 includes a $29 million gain on the sale of a previously closed box plant site in California and $3 million in charges related to a fire at the Closter, NJ box plant. (b) The second and third quarters of 2006 include charges of $18 million and $3 million, respectively, related to the restructuring of the Containerboard, Packaging and Recycling business model. (8) Additional Real Estate and Related Assets notes: (a) The first and second quarters of 2007 includes net gains (losses) on land and lot sales of $3 million and ($1) million, respectively. The first, second, third and fourth quarters of 2006 include net gains (losses) on land and lot sales of $33 million, ($1) million, $0, and $110 million, respectively, or $142 million year-to-date. (b) The second quarter of 2007 includes a gain of $42 million on the sale of an apartment project. The fourth quarter of 2006 includes a $28 million gain on the sale of an apartment building. (c) The second quarter of 2007 includes charges for the impairment of assets of $12 million. The second, third, and fourth quarters of 2006 include charges for the impairment of assets of $3 million, $14 million, and $19 million, respectively, or $36 million year-to-date. (d) The first quarter of 2006 includes income of $8 million related to a warranty insurance recovery and income of $9 million related to recognition of deferred income in connection with partnership restructurings. (9) Additional Corporate and Other notes: (a) The first quarter of 2007 includes a $682 million pretax gain and the second quarter includes charges of $4 million related to the distribution of the fine paper business and related assets to Weyerhaeuser shareholders. (b) The second quarter of 2007 includes a $23 million charge for legal settlements and a contract termination. (c) The third quarter of 2006 includes an $8 million charge to write off additional goodwill associated with the coastal British Columbia operations. (d) The third quarter of 2006 includes a $9 million charge related to the acquisition of OrganicID, a research and development company. (e) The fourth quarter of 2006 includes a $45 million pretax gain on the sale of the company's Irish composite panels operations. WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) Third party sales volumes: (1)(2) Q1 Q2 Year-to-date April 1, March 26, July 1, June 25, July 1, June 25, 2007 2006 2007 2006 2007 2006 Timberlands (thousands): Logs - cunits 750 935 762 808 1,512 1,743 Wood Products (millions): Softwood lumber - board feet 1,657 1,921 1,805 2,113 3,462 4,034 Plywood- square feet (3/8") 310 389 305 458 615 847 Veneer - square feet (3/8") 57 61 82 63 139 124 Composite panels - square feet (3/4") 36 302 35 324 71 626 Oriented strand board - square feet (3/8") 942 1,000 899 1,069 1,841 2,069 Hardwood lumber - board feet 89 103 99 110 188 213 Engineered I-Joists - lineal feet 82 114 108 137 190 251 Engineered solid section - cubic feet 7 9 10 11 17 20 Logs - cunits (in thousands) 46 55 33 46 79 101 Cellulose Fibers (thousands): Pulp - air-dry metric tons 594 651 524 647 1,118 1,298 Liquid packaging board- tons 67 56 82 71 149 127 Fine Paper (thousands): (2) Paper - tons 461 753 - 662 461 1,415 Coated groundwood - tons 38 52 - 59 38 111 Paper converting - tons 318 511 - 474 318 985 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 259 211 230 189 489 400 Packaging - MSF 17,754 18,342 18,965 19,168 36,719 37,510 Recycling - tons 654 733 656 719 1,310 1,452 Kraft bags and sacks - tons 25 20 23 20 48 40 Real Estate and Related Assets: Single-family homes sold 1,684 1,472 1,139 1,325 2,823 2,797 Single-family homes closed 976 1,161 1,062 1,483 2,038 2,644 Single-family homes sold but not closed at end of period 2,207 3,105 2,284 2,947 2,284 2,947 Third party sales volumes: (1)(2) Q3 Q4 Year-to-date Sept. 24, Dec. 31, Dec. 31, 2006 2006 2006 Timberlands (thousands): Logs - cunits 850 843 3,436 Wood Products (millions): Softwood lumber - board feet 1,974 1,863 7,871 Plywood- square feet (3/8") 437 379 1,663 Veneer - square feet (3/8") 48 43 215 Composite panels - square feet (3/4") 139 37 802 Oriented strand board - square feet (3/8") 989 1,038 4,096 Hardwood lumber - board feet 100 99 412 Engineered I-Joists - lineal feet 110 95 456 Engineered solid section - cubic feet 9 7 36 Logs - cunits (in thousands) 26 42 169 Cellulose Fibers (thousands): Pulp - air-dry metric tons 625 698 2,621 Liquid packaging board- tons 72 76 275 Fine Paper (thousands): (2) Paper - tons 641 693 2,749 Coated groundwood - tons 59 64 234 Paper converting - tons 462 485 1,932 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 202 254 856 Packaging - MSF 18,425 18,932 74,867 Recycling - tons 678 745 2,875 Kraft bags and sacks - tons 22 27 89 Real Estate and Related Assets: Single-family homes sold 906 838 4,541 Single-family homes closed 1,439 1,753 5,836 Single-family homes sold but not closed at end of period 2,414 1,499 1,499 (1) The fourth quarter of 2006 includes 14 weeks of operations compared to 13 weeks in all other quarters. (2) First quarter 2007 results include 9 weeks of operations for fine paper and related assets, prior to the distribution of these assets to Weyerhaeuser shareholders. WEYERHAEUSER COMPANY STATISTICAL INFORMATION Total production volumes: (1)(2) Q1 Q2 Year-to-date April 1, March 26, July 1, June 25, July 1, June 25, 2007 2006 2007 2006 2007 2006 Timberlands (thousands): Fee depletion - cunits 2,140 2,132 2,038 2,083 4,178 4,215 Wood Products (millions): Softwood lumber - board feet 1,427 1,663 1,451 1,650 2,878 3,313 Plywood - square feet (3/8") 114 241 115 245 229 486 Veneer - square feet (3/8") (3) 298 455 338 455 636 910 Composite panels - square feet (3/4") - 278 - 288 - 566 Oriented strand board - square feet (3/8") 968 1,073 847 1,062 1,815 2,135 Hardwood lumber - board feet 73 82 75 83 148 165 Engineered I-Joists - lineal feet 87 121 114 136 201 257 Engineered solid section - cubic feet 6 11 9 12 15 23 Cellulose Fibers (thousands): Pulp - air-dry metric tons 539 676 419 588 958 1,264 Liquid packaging board- tons 60 61 77 75 137 136 Fine Paper (thousands): (2) Paper - tons (4) 444 724 - 672 444 1,396 Coated groundwood - tons 43 56 - 56 43 112 Paper converting - tons 318 498 - 461 318 959 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (5) 1,515 1,575 1,506 1,533 3,021 3,108 Packaging - MSF 19,007 19,550 19,721 20,290 38,728 39,840 Recycling - tons (6) 1,619 1,716 1,589 1,684 3,208 3,400 Kraft bags and sacks - tons 23 19 23 20 46 39 Total production volumes: (1)(2) Q3 Q4 Year-to-date Sept. 24, Dec. 31, Dec. 31, 2006 2006 2006 Timberlands (thousands): Fee depletion - cunits 2,040 2,195 8,450 Wood Products (millions): Softwood lumber - board feet 1,559 1,483 6,355 Plywood - square feet (3/8") 237 177 900 Veneer - square feet (3/8") (3) 494 335 1,739 Composite panels - square feet (3/4") 100 - 666 Oriented strand board - square feet (3/8") 1,009 1,022 4,166 Hardwood lumber - board feet 82 77 324 Engineered I-Joists - lineal feet 130 86 473 Engineered solid section - cubic feet 10 8 41 Cellulose Fibers (thousands): Pulp - air-dry metric tons 660 664 2,588 Liquid packaging board- tons 73 73 282 Fine Paper (thousands): (2) Paper - tons (4) 675 725 2,796 Coated groundwood - tons 59 59 230 Paper converting - tons 485 487 1,931 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (5) 1,544 1,608 6,260 Packaging - MSF 19,341 20,670 79,851 Recycling - tons (6) 1,641 1,788 6,829 Kraft bags and sacks - tons 18 25 82 (1)The fourth quarter of 2006 includes 14 weeks of operations compared to 13 weeks in all other quarters. (2)First quarter 2007 results include 9 weeks of operations for fine paper and related assets, prior to the distribution of these assets to Weyerhaeuser shareholders. (3)Veneer production represents lathe production and includes volumes that are further processed into plywood and engineered lumber products by company mills. (4)Paper production includes unprocessed rolls and converted paper volumes. (5)Containerboard production represents machine production and includes volumes that are further processed into packaging and kraft bags and sacks by company facilities. (6)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 SHEETS (unaudited) (in millions) April 1, July 1, Dec. 31, Assets 2007 2007 2006 Weyerhaeuser Current assets: Cash and cash equivalents $1,172 $208 $223 Receivables, less allowances 1,394 1,508 1,183 Inventories 1,437 1,308 1,355 Prepaid expenses 356 378 385 Assets held for sale 114 - 105 Current assets of discontinued operations - - 870 Total current assets 4,473 3,402 4,121 Property and equipment 6,850 6,775 7,061 Construction in progress 467 544 395 Timber and timberlands at cost, less fee stumpage charged to disposals 3,705 3,721 3,681 Investments in and advances to equity affiliates 498 510 499 Goodwill 2,158 2,181 2,185 Deferred pension and other assets 1,378 1,470 1,368 Restricted assets held by special purpose entities 915 916 917 Noncurrent assets of discontinued operations - - 3,011 20,444 19,519 23,238 Real Estate and Related Assets Cash and cash equivalents 13 7 20 Receivables, less allowances 77 75 144 Real estate in process of development and for sale 1,540 1,561 1,449 Land being processed for development 1,427 1,476 1,365 Investments in unconsolidated entities, less reserves 81 83 72 Other assets 396 383 423 Consolidated assets not owned 264 287 151 3,798 3,872 3,624 Total assets $24,242 $23,391 $26,862 Liabilities and Shareholders' Interest Weyerhaeuser Current liabilities: Notes payable and commercial paper $163 $92 $72 Current maturities of long-term debt 70 63 488 Accounts payable 920 1,010 948 Accrued liabilities 1,220 1,145 1,363 Current liabilities of discontinued operations - - 258 Total current liabilities 2,373 2,310 3,129 Long-term debt 6,849 5,980 7,069 Deferred income taxes 2,897 2,906 3,011 Deferred pension, other postretirement benefits and other liabilities 1,691 1,775 1,759 Liabilities (nonrecourse to Weyerhaeuser) held by special purpose entities 763 765 765 Noncurrent liabilities of discontinued operations - - 717 14,573 13,736 16,450 Real Estate and Related Assets Notes payable and commercial paper 427 412 - Long-term debt 605 605 606 Other liabilities 565 539 606 Consolidated liabilities not owned 232 246 115 1,829 1,802 1,327 Total liabilities 16,402 15,538 17,777 Shareholders' interest 7,840 7,853 9,085 Total liabilities and shareholders' interest $24,242 $23,391 $26,862 WEYERHAEUSER COMPANY STATISTICAL INFORMATION STATEMENT OF CASH FLOWS Q1 Q2 Year-to-date SELECTED April 1, March 26, July 1, June 25, July 1, June 25, INFORMATION 2007 2006 2007 2006 2007 2006 (unaudited) (in millions) (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $180 $(324) $227 $292 $407 $(32) Cash paid for property and equipment $(114) $(182) $(140) $(184) $(254) $(366) Cash paid for timberlands reforestation $(12) $(12) $(12) $(9) $(24) $(21) Cash received from issuances of debt $- $- $- $- $- $- Revolving credit facilities, notes and commercial paper borrowings, net $10 $(68) $22 $19 $32 $(49) Payments on debt $(638) $(158) $(918) $(10) $(1,556) $(168) Proceeds from the sale of operations $1,350 $- $- $- $1,350 $- Repurchases of common stock $- $- $(22) $- $(22) $- STATEMENT OF CASH FLOWS Q3 Q4 Year-to-date SELECTED Sept. 24, Dec. 31, Dec. 31, INFORMATION 2006 2006 2006 (unaudited) (in millions) (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $373 $887 $1,228 Cash paid for property and equipment $(173) $(273) $(812) Cash paid for timberlands reforestation $(6) $(10) $(37) Cash received from issuances of debt $3 $1 $4 Revolving credit facilities, notes and commercial paper borrowings, net $195 $(95) $51 Payments on debt $(58) $(5) $(231) Proceeds from the sale of operations $187 $86 $273 Repurchases of common stock $(332) $(340) $(672)

第一个致电分析师:
FCMN联系:

照片:NewsCom:http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a
http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b
AP存档:http://photoarchive.ap.org/
PRN照片台,photodesk@prnewswire.com

来源:惠好公司

联系人:布鲁斯·阿蒙森,电话+1-253-924-3047,或分析师凯瑟琳·麦考利,
+ 1-253-924-2058,Weyerhaeuser公司两家公司

网站://www.noirla.com/

最佳
欢迎来到Weyerhaeuser的新网站!

您似乎正在使用较旧的浏览器。使用最新版本的Internet Explorer,Chrome,Safari和Firefox,您可以最好地查看此网站。如果在不升级或切换浏览器的情况下继续,您可能无法遇到最佳导航或页面功能。感谢您对Weyerhaeuser的兴趣,我们希望您喜欢您的访问。

现在更新浏览器

×