惠好第三季度净利润1.01亿美元，摊薄每股47美分，销售额41亿美元

Weyerhaeuser Company（NYSE:WY）今天公布2007年第三季度净利润为1.01亿美元，或每股摊薄47美分，销售额为41亿美元。

(标志:http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-a)(标识:http://www.newscom.com/cgi-bin/prnh/20040116/WYLOGO-b) 2007年第三季度的收益包括以下税后项目:*木材产品部门的关闭、重组和资产减值支出为1700万美元，或摊薄每股8美分。manbetx apk手机版*与行政职能重组(包括加拿大地区办事处)相关的1,700万美元费用，或稀释每股8美分，以及向新信息技术提供商过渡的一次性费用。*为地产资产减值拨备1,600万元，或摊薄每股7美分;*与法律和解相关的净收益为2600万美元，或稀释每股12美分。*通过出售运营和之前关闭的工厂获得700万美元的收益，或稀释每股3美分。

除去这些项目，该公司2007年第三季度盈利1.18亿美元，摊薄后每股盈利55美分。

对2006年第三季度的业绩进行了重新预测，以反映作为非连续性经营的Domtar交易中包括的精细纸业业务和相关资产，并将新的会计公告应用于已发生的费用计划主要维护成本。

2006年第三季度，Weyerhaeuser净利润为2.24亿美元，即每股摊薄后每股91美分，净销售额为46亿美元。2006年第三季度收益包括以下税后项目：

*出售北美复合材料业务获得3100万美元收益，摊薄每股收益13美分。*收益1500万美元，或稀释每股6美分，由于减少硬纸板壁索赔储备。*为萨斯喀彻温省阿尔伯特亲王(Prince Albert)设施的关闭以及与前BC海岸业务相关的额外商誉的注销相关的额外资产减值支出2500万美元，或稀释每股10美分。*主要在木材产品部门，为资产减值和与设施关闭或裁减相关的成本支出1800万美元，或摊薄每股7美分。manbetx apk手机版*地产资产减值支出900万美元，或摊薄每股4美分。*与此前宣布的对研发公司OrganicID的收购相关的600万美元支出，即摊薄每股2美分。

除去这些项目，该公司2006年第三季度盈利2.36亿美元，摊薄后每股盈利95美分。

第三季度经营业绩摘要*林地-木制品市场持续疲软导致原木价格下降，但非战略性林地的销售增加。*木制品-木制品需求继续减弱。*纤维素纤维-价格继续上涨，生产率提高。*Containerbomanbetx apk手机版ard包装和回收-工厂生产率的提高和年度计划维护停机时间的减少部分被季节性包装发货量的减少和旧瓦楞纸箱（OCC）成本的增加所抵消*房地产和相关资产——房地产市场继续下滑。单户结业率季节性上升，利润率因混合因素而提高。

“本已疲弱的木制品市场在第三季度进manbetx apk手机版一步恶化，”该公司董事长、总裁兼首席执行官史蒂文·r·罗格尔(Steven R. Rogel)说。“我们正在调整生产，以满足减少的订单水平，但由于需求和价格下滑，我们在本季度采取了额外行动。我们将继续调整我们的经营姿态，以平衡生产与需求。

“同时，我们为提高运营效率所做的工作提高了纤维素纤维和纸板包装业务的工厂生产率。我们预计这两个业务在第四季度的价格实现率都会提高。”

第三季度财务概要百万（每股数据除外）2007年第三季度2006年第三季度变动净收益$101$224（$123）每股摊薄收益$0.47$0.91（$0.44）净销售额$4146$4554（$408）第三季度分部业绩（税前收益贡献）百万2007年第三季度2006年第三季度变动林地$165$178（$13）木制品（$131）$11（$142）纤维素纤维$79（$66）$13细纸$0$68（$68）纸板、包装和回收$104$97$7房地产和相关资产$60$135（$75）林地2007年第3季度2007年第2季度税前收益变化贡献（百万）$165 142$23manbetx apk手机版

2007年第三季度的表现——西部地区出口和国内原木价格下降，而南部地区的原木价格相对不变。总费用收获略有下降，但第三方原木销售量增加了，因为公司工厂消耗的原木减少了。第三季度非战略性林地销量上升，抵消了木材价格下降的影响。

2007年第4季度展望-Weyerhaeuser预计Timberlands第四季度的收益将低于第三季度，原因是：

*房地产市场的持续疲软将导致出口和国内市场的价格下降，以及西方市场的木材销量下降。*该公司第四季度完成的非战略性林地交易将减少。manbetx apk手机版木材产品2007第三季度2007第二季度变化贡献税前收入(亏损)(百万美元)(131美元)(123美元)(8美元)

2007年第3季度业绩-不包括以下税前项目，该部门的净亏损比第二季度增加了3600万美元，反映了持续的困难市场状况。

第三季度2007包括:*收费2500万美元的设施关闭,资产减值和重组成本,*收费400万美元解决桤木的诉讼,和*获得700万美元的出售单板设施和之前关闭客户服务中心的网站。2007年第二季度包括:* 3,300万美元的资产减值、设施关闭和出售加拿大分销业务的费用，以及* 1,700万美元的阿尔德诉讼和解费用。

房屋开工率下降继续影响分部业绩。胶合板和定向刨花板的平均实现价格较第二季度略有上升，但被木材价格下降所抵消。分部建筑产品的销量下降。加元走强不利地影响了收益c来自加拿大制造的产品的分配。

2007年第四季度展望——由于传统的季节性放缓以及数量和价格的持续压力，该公司预计第四季度的运营亏损将比第三季度增加。

10月18日，该公司宣布无限期减产三家工厂，并预计将继续积极调整经营状况，以平衡生产与需求。

纤维素纤维2007年第三季度2007年第二季度变化贡献税前收入(百万)$79 $48 $31

2007年第三季度业绩-市场状况持续改善，纸浆价格上涨。纸浆出货量在第三季度下降，主要是由于与工厂过渡到Domtar相关的经纪关系的变化。由于年度维护停机时间减少，工厂生产率提高，成本下降。

2007年第四季度展望-惠好预计有利的市场条件将继续，导致第四季度的收益略有提高。

CONTAINERBOARD, PACKAGING AND RECYCLING 2007第三季度2007第二季度税前收入变化贡献(百万)$104 $112(8美元)

2007年第三季度业绩——扣除下面提到的税前项目，该部门的收入比第二季度增加了1300万美元。

2007年第三季度包括：*出售一个以前封闭的工厂场地获得300万美元的收益。2007年第二季度包括：*在加利福尼亚州出售一个以前封闭的工厂场地，获得2900万美元的收益。*500万美元的费用与一场火灾以及随后关闭的一家箱式工厂有关。

提高了生产效率，减少了纸板厂的年度定期维护停机时间。OCC成本增加。能源成本季节性下降。平均包装价格实现下降主要是由于产品结构。转换成本的降低部分抵消了包装价格的下降和季节性的出货量下降。

2007年第四季度展望-惠好预计第四季度的收益与第三季度相当，因为预期:

*包装和纸板价格实现将提高。* OCC成本将会适度。*额外的定期维护停机时间和更高的季节性能源成本将抵消价格实现的改善。房地产及相关资产2007年第三季度2007年第二季度税前收入变化贡献(百万)60美元64美元(4美元)

2007年第三季度业绩——扣除下面提到的税前项目，该部门的收入比第二季度增加了1900万美元。

2007年第三季度包括：*土地销售收益3000万美元。*资产减值费用2300万美元。2007年第二季度包括：*公寓项目销售收益4200万美元。*资产减值费用1200万美元。

与第二季度相比，单户住宅的关闭数量有所增加。平均收盘价继续下跌。由于混合，利润增加了。已售出但未结清的积压房屋数量下降到大约四个半月。

2007年第4季度展望-由于市场环境的恶化，Weyerhaeuser预计单户住宅关闭的收益将明显低于第三季度。尚未签订合同的土地销售可能会在第四季度结束，这可能会抵消部分下降。

关于WEYERHAEUSER

韦耶豪斯公司是世界上最大的林产品公司之一，成立于1900年。2006年，销售额为219亿美元。它在18个国家设有办事处或业务，客户遍布全球。Weyerhaeuser主要从事木材的种植和采伐；林产品的制造、分销和销售；及地产建设,发展及有关活动。有关Weyerhaeuser业务、产品和实践的更多信息，请访问//www.noirla.com/.

财报电话会议信息

Weyerhaeuser将于10月31日太平洋时间上午7点（东部时间上午10点）举行现场电话会议，讨论第三季度业绩。

如果要在北美地区拨打会议电话，请至少在15分钟前拨打1-800-218-4007。北美以外的电话请拨1-303-262-2075。重放将可在一个星期内从北美的1-800-405-2236(访问代码- 11098530#)和从北美以外的1-303-590-3000(访问代码- 11098530#)。

这通电话将通过惠好公司的网站进行网络直播http://investor.weyerhaeuser.com/点击“2007年第三季度收益电话会议”链接。

机构投资者和个人投资者均可通过汤姆森街事件网络(Thomson StreetEvents Network)观看网络直播。万博电竞个人投资者可以在万博电竞http://www.fulldisclosure.com/，汤姆森的个人投资者门户网站，由StreetEvents提供支持。机构投资者可以通过汤姆森的密码保护网站StreetEvents访问该电话(万博电竞http://www.streetevents.com/).

前瞻性声明

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2007年第四季度的预期，包括公司的市场、公司业务部门的盈利和业绩、价格实现、需求、公司产品的销售量和定价、土地销售、产品组合、OCC和纤维成本，较高的季节性能源成本，运行态势和计划的年度维护停机时间，以及相关事项。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，包括利率水平和新屋开工率;*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;*化学价格;*公司生产运作的表现，包括意外的维修要求;*成功执行内部绩效计划;*来自国内外生产商的竞争水平;*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，Q3（百万）4月1日，3月26日，7月1日，6月25日，9月30日，2007年9月24日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 $ 3,548 $ 3,805不动产及相关资产487 690 559 746 598 749合计净销售收入3891 4,451 4,334 4867 41464554倍的成本和费用：惠好：产品成本出售（1）2785 2947 3085 3190 2845 3038折旧，折耗及摊销232 233 223 231 230 231销售费用109 100 109 117 102 111管理费用200 235 199 205 184 214研究和开发费用（2）16 16 18 15 18个23收费（逆转），用于重组（3）3（1）2个18 16 4收费（4）善意的5 2 19 5 19 15减值（5）22的设施关闭-   -   -  1  - 反补贴和反退款-dumping职责 -   -   -   -   -   - 其他业务成本（收益），净利润（6）（7）21 31 5（26）1（36）3,393 3,563 3,660 3,755 3416 3600房地产及相关资产：成本和运营支出（8）379项482 415 553 451 539折旧和摊销6​​ 3 5 4 6 10销售费用41 37 45 43 45 44一般与管理费用28 30 27 35 26点30其他运行成本（收入），净（4）（3）43（4）（2）的长寿命资产减值 -   -  12 3 23 14 450 549 508 641 547对635总的成本和费用3843 4112 4168 4396 3963 4235营业收入48 339 166 471 183 319利息费用及其它：惠好：利益而引起（9）（131）（128）（179）（129）（131）（126）的费用减：利息资本30 16 29 20 29 21利息收益和其它20 19 25 15 20 17公平收益（损失）分支机构（10）（1）3 1 6 5  - 房地产和相关资产：利息费用支付（12）（14）（16）（14）（16）（12）减：利息资本12 14 16 14 16 12 Interest income and other 3 10 1 3 1 7 Equity in income of unconsolidated entities 18 21 12 15 8 14 Earnings (loss) from continuing operations before income taxes (13) 280 55 401 115 252 Income taxes (1)(11) (3) (100) (18) (92) (41) (86) Earnings (loss) from continuing operations (16) 180 37 309 74 166 Earnings (loss) from discontinued operations, net of taxes (12) 771 (756) (5) (11) 27 58 Net earnings (loss) (1) $755 $(576) $32 $298 $101 $224 Basic net earnings (loss) per share: Continuing operations $(0.07) $0.73 $0.17 $1.24 $0.34 $0.67 Discontinued operations 3.31 (3.07) (0.02) (0.04) 0.13 0.24 Net earnings (loss) per share $3.24 $(2.34) $0.15 $1.20 $0.47 $0.91 Diluted net earnings (loss) per share: Continuing operations $(0.07) $0.73 $0.17 1.23 $0.34 $0.67 Discontinued operations 3.31 (3.06) (0.02) (0.04) 0.13 0.24 Net earnings (loss) per share $3.24 $(2.33) $0.15 $1.19 $0.47 $0.91 Dividends paid per share $0.60 $0.50 $0.60 $0.50 $0.60 $0.60 Weighted average shares outstanding (in thousands): Basic 233,242 245,794 217,688 248,147 215,154 247,428 Diluted 233,242 246,970 218,743 249,194 215,828 247,900 Common and exchangeable shares outstanding at end of period (in thousands) 217,726 247,555 217,759 248,269 211,106 242,929 Year-to- CONSOLIDATED EARNINGS Year-to-date Q4 date (in millions) Sept. 30, Sept. 24, Dec. 31, Dec. 31, 2007 2006 2006 2006 Net sales and revenues: Weyerhaeuser $10,727 $11,687 $3,649 $15,336 Real Estate and Related Assets 1,644 2,185 1,150 3,335 Total net sales and revenues 12,371 13,872 4,799 18,671 Costs and expenses: Weyerhaeuser: Costs of products sold (1) 8,715 9,175 3,007 12,182 Depreciation, depletion and amortization 685 695 252 947 Selling expenses 320 328 123 451 General and administrative expenses 583 654 241 895 Research and development expenses (2) 52 54 15 69 Charges (reversals) for restructuring (3) 21 21 - 21 Charges for closure of facilities (4) 43 22 50 72 Impairment of goodwill (5) 23 - - - Refund of countervailing and anti-dumping duties - - (344) (344) Other operating costs (income), net (6) (7) 27 (31) (105) (136) 10,469 10,918 3,239 14,157 Real Estate and Related Assets: Costs and operating expenses (8) 1,245 1,574 764 2,338 Depreciation and amortization 17 17 8 25 Selling expenses 131 124 56 180 General and administrative expenses 81 95 29 124 Other operating costs (income), net (4) (2) (1) (3) Impairment of long-lived assets 35 17 19 36 1,505 1,825 875 2,700 Total costs and expenses 11,974 12,743 4,114 16,857 Operating income 397 1,129 685 1,814 Interest expense and other: Weyerhaeuser: Interest expense incurred (9) (441) (383) (136) (519) Less: interest capitalized 88 57 27 84 Interest income and other 65 51 19 70 Equity in income (loss) of affiliates (10) 5 9 (2) 7 Real Estate and Related Assets: Interest expense incurred (44) (40) (15) (55) Less: interest capitalized 44 40 15 55 Interest income and other 5 20 10 30 Equity in income of unconsolidated entities 38 50 8 58 Earnings (loss) from continuing operations before income taxes 157 933 611 1,544 Income taxes (1) (11) (62) (278) (202) (480) Earnings (loss) from continuing operations 95 655 409 1,064 Earnings (loss) from discontinued operations, net of taxes (12) 793 (709) 98 (611) Net earnings (loss) (1) $888 $(54) $507 $453 Basic net earnings (loss) per share: Continuing operations $0.43 $2.65 $1.72 $4.35 Discontinued operations 3.57 (2.87) 0.40 (2.50) Net earnings (loss) per share $4.00 $(0.22) $2.12 $1.85 Diluted net earnings (loss) per share: Continuing operations $0.43 $2.65 $1.72 $4.33 Discontinued operations 3.55 (2.87) 0.40 (2.49) Net earnings (loss) per share $3.98 $(0.22) $2.12 $1.84 Dividends paid per share $1.80 $1.60 $0.60 $2.20 Weighted average shares outstanding (in thousands): Basic 222,028 247,123 238,824 244,931 Diluted 223,083 247,123 239,525 245,780 Common and exchangeable shares outstanding at end of period (in thousands) 211,106 242,929 238,008 238,008 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) 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 Q3 2006 Q3 2006 Q4 2006 2006 Cellulose Fibers $(5) $(10) $13 $(2) $2 $- Fine Paper 7 (10) 6 3 (3) - Containerboard, Packaging, and Recycling 4 (5) 1 - - - 6 (25) 20 1 (1) - Income taxes (2) 9 (7) - - - Net earnings (loss) $4 $(16) $13 $1 $(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- Year- to- to- date date Q1 Q1 Q2 Q2 Q3 Q3 Q3 Q3 Q4 2007 2006 2007 2006 2007 2006 2007 2006 2006 2006 $7 $(26) $29 $21 $2 $17 $38 $12 $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 2007 includes gains of $9 million on the sale of previously closed facility sites, a $4 million charge for a legal settlement, and charges of $13 million to transition to a new IT service provider. 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 third quarter of 2007 includes pre-tax income of $43 million from the settlement of litigation associated with an Ontario fine paper mill. 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 Q3 Q3 April 1, March 26, July 1, June 25, Sept. 30, Sept. 24, 2007 2006 2007 2006 2007 2006 Timberlands: Logs $170 $201 $172 $198 $168 $200 Other products 63 62 39 71 81 46 233 263 211 269 249 246 Wood Products: Softwood lumber 574 782 647 857 580 733 Plywood 100 135 106 147 89 134 Veneer 9 13 14 13 13 9 Composite panels 24 121 24 140 20 71 Oriented strand board 152 287 153 273 151 203 Hardwood lumber 90 99 99 105 89 96 Engineered I-Joists 117 169 147 202 124 162 Engineered solid section 155 204 185 231 155 190 Logs 6 7 4 5 3 5 Other products 243 256 283 327 225 302 1,470 2,073 1,662 2,300 1,449 1,905 Cellulose Fibers: Pulp 405 394 370 402 345 404 Liquid packaging board 56 46 72 62 61 59 Other products 21 13 28 16 30 19 482 453 470 480 436 482 Fine Paper: (2) Paper 432 613 - 601 - 604 Coated groundwood 26 40 - 44 - 42 Other products 1 1 - 1 - 2 459 654 - 646 - 648 Containerboard, Packaging and Recycling: Containerboard 119 82 109 84 99 92 Packaging 951 911 1,043 1,002 1,015 997 Recycling 94 80 103 85 106 89 Bags 23 20 23 20 23 23 Other products 39 34 49 46 50 44 1,226 1,127 1,327 1,237 1,293 1,245 Real Estate and Related Assets 487 690 559 746 598 749 Corporate and Other 97 116 105 117 121 123 Less: sales of discontinued operations (563) (925) - (928) - (844) $3,891 $4,451 $4,334 $4,867 $4,146 $4,554 Net sales and revenues (in millions): (1) (2) Year-to-date Q4 Year-to-date Sept. 30, Sept. 24, Dec. 31, Dec. 31, 2007 2006 2006 2006 Timberlands: Logs 510 $599 $182 $781 Other products 183 179 56 235 693 778 238 1,016 Wood Products: Softwood lumber 1,801 2,372 625 2,997 Plywood 295 416 113 529 Veneer 36 35 7 42 Composite panels 68 332 25 357 Oriented strand board 456 763 176 939 Hardwood lumber 278 300 98 398 Engineered I-Joists 388 533 137 670 Engineered solid section 495 625 169 794 Logs 13 17 6 23 Other products 751 885 268 1,153 4,581 6,278 1,624 7,902 Cellulose Fibers: Pulp 1,120 1,200 457 1,657 Liquid packaging board 189 167 62 229 Other products 79 48 22 70 1,388 1,415 541 1,956 Fine Paper: (2) Paper 432 1,818 652 2,470 Coated groundwood 26 126 45 171 Other products 1 4 - 4 459 1,948 697 2,645 Containerboard, Packaging and Recycling: Containerboard 327 258 119 377 Packaging 3,009 2,910 1,021 3,931 Recycling 303 254 91 345 Bags 69 63 25 88 Other products 138 124 47 171 3,846 3,609 1,303 4,912 Real Estate and Related Assets 1,644 2,185 1,150 3,335 Corporate and Other 323 356 128 484 Less: sales of discontinued operations (563) (2,697) (882) (3,579) 12,371 $13,872 $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) Q1 Q2 Q3 April 1, March 26, July 1, June 25, Sept. 30, Sept. 24, 2007 2006 2007 2006 2007 2006 Timberlands (1) (2) $175 $198 $142 $224 $165 $178 Wood Products (1) (2) (5) (167) 117 (123) 131 (131) 11 Cellulose Fibers (1) (2) (4) 22 (5) 48 23 79 66 Fine Paper (1) (2) (4) (6) 20 (756) - (20) - 68 Containerboard, Packaging and Recycling (1) (2) (4) (7) 67 26 112 69 104 97 Real Estate and Related Assets (2) (8) 58 172 64 123 60 135 Corporate and Other (1) (2) (3) (9) 633 (102) (44) (40) (16) (78) $808 $(350) $199 $510 $261 $477 Contribution (charge) to pre-tax earnings: (in millions) Year-to-date Q4 Year-to-date Sept. 30, Sept. 24, Dec. 31, Dec. 31, 2007 2006 2006 2006 Timberlands (1) (2) $482 $600 $167 $767 Wood Products (1) (2) (5) (421) 259 205 464 Cellulose Fibers (1) (2) (4) 149 84 58 142 Fine Paper (1) (2) (4) (6) 20 (708) 61 (647) Containerboard, Packaging and Recycling (1) (2) (4) (7) 283 192 71 263 Real Estate and Related Assets (2) (8) 182 430 293 723 Corporate and Other (1) (2) (3) (9) 573 (220) (3) (223) $1,268 $637 $852 $1,489 WEYERHAEUSER COMPANY STATISTICAL INFORMATION (unaudited) FOOTNOTES TO CONTRIBUTION (CHARGE) TO PRE-TAX EARNINGS (in millions) (1) Closure charges by segment: Q1 Q1 Q2 Q2 Q3 Q3 2007 2006 2007 2006 2007 2006 Timberlands $- $- $- $- $- $- Wood Products 3 - 15 1 19 10 Cellulose Fibers - (1) - - (1) 1 Fine Paper 2 - - 11 - 3 Containerboard, Packaging and Recycling 2 2 3 5 - 3 Corporate and Other - - 1 - 1 26 $7 $1 $19 $17 $19 $43 Year-to- Year-to-date date Closure charges by segment: Q3 2007 Q3 2006 Q4 2006 2006 Timberlands $- $- $1 $1 Wood Products 37 11 48 59 Cellulose Fibers (1) - (3) (3) Fine Paper 2 14 1 15 Containerboard, Packaging and Recycling 5 10 4 14 Corporate and Other 2 26 - 26 $45 $61 $51 $112 The above closure charges include costs incurred within the company's discontinued operations. (2) Share-based compensation charges (income) recognized by segment: Q1 Q1 Q2 Q2 Q3 Q3 2007 2006 2007 2006 2007 2006 Timberlands $1 $1 $- $- $1 $- Wood Products 2 2 2 - 1 - Cellulose Fibers 2 1 - - - - Fine Paper - - - - - 1 Containerboard, Packaging and Recycling 1 2 2 (1) 1 1 Real Estate and Related Assets 2 - 1 2 - - Corporate and Other 14 15 5 (5) - 1 $22 $21 $10 $(4) $3 $3 Share-based compensation charges (income) recognized by segment: Year-to- Year-to-date date Q3 2007 Q3 2006 Q4 2006 2006 Timberlands $2 $1 $- $1 Wood Products 5 2 1 3 Cellulose Fibers 2 1 1 2 Fine Paper - 1 - 1 Containerboard, Packaging and Recycling 4 2 - 2 Real Estate and Related Assets 3 2 - 2 Corporate and Other 19 11 7 18 $35 $20 $9 $29 (3) Net foreign exchange gains (losses) included in Corporate and Other: Q1 Q1 Q2 Q2 Q3 Q3 2007 2006 2007 2006 2007 2006 $7 $(26) $34 $20 $2 $17 Net foreign exchange gains (losses) included in Corporate and Other: Year-to-date Year-to-date Q3 2007 Q3 2006 Q4 2006 2006 $43 $11 $14 $25 (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 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 2007 includes $7 million of income from the sale of a veneer facility and a previously closed distribution center site. (e) The third quarter of 2007 includes charges of $4 million for the settlement of litigation, $4 million for restructuring activities and $1 million in goodwill impairment. (f) The third quarter of 2006 includes $23 million of income related to a reduction of the reserves for hardboard siding claims. (g) The third quarter of 2006 includes a $51 million gain on the sale of the company's North American composite panels operations. (h) The third quarter of 2006 includes charges of $7 million for the impairment of fixed assets related to production curtailments. (i) The fourth quarter of 2006 includes $344 million of income from the refund of countervailing and anti-dumping duties. (j) 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 third quarter of 2007 includes $3 million of income related to the sale of a previously closed box plant site. (c) 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, second and third quarters of 2007 includes net gains (losses) on land and lot sales of $3 million, $3 million, and $30 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 and third quarters of 2007 include charges for the impairment of assets of $12 million, $23 million, respectively, or $35 million year-to-date. 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 2007 includes a $43 million gain on the settlement of litigation. (d) The third quarter of 2007 includes charges of $20 million for restructuring activities and the transition to a new IT service provider. (e) The third quarter of 2006 includes an $8 million charge to write off additional goodwill associated with the coastal British Columbia operations. (f) The third quarter of 2006 includes a $9 million charge related to the acquisition of OrganicID, a research and development company. (g) 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 Q3 April 1, March 26, July 1, June 25, Sept. 30, Sept. 24, 2007 2006 2007 2006 2007 2006 Timberlands (thousands): Logs - cunits 750 935 762 808 805 850 Wood Products (millions): Softwood lumber - board feet 1,657 1,921 1,805 2,113 1,654 1,974 Plywood - square feet (3/8") 310 389 305 458 240 437 Veneer - square feet (3/8") 57 61 82 63 73 48 Composite panels - square feet (3/4") 36 302 35 324 29 139 Oriented strand board - square feet (3/8") 942 1,000 899 1,069 835 989 Hardwood lumber - board feet 89 103 99 110 93 100 Engineered I-Joists - lineal feet 82 114 108 137 92 110 Engineered solid section - cubic feet 7 9 10 11 8 9 Logs - cunits (in thousands) 46 55 33 46 34 26 Cellulose Fibers (thousands): Pulp - air-dry metric tons 594 651 524 647 470 625 Liquid packaging board - tons 67 56 82 71 72 72 Fine Paper (thousands): (2) Paper - tons 461 753 - 662 - 641 Coated groundwood - tons 38 52 - 59 - 59 Paper converting - tons 318 511 - 474 - 462 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 259 211 230 189 205 202 Packaging - MSF 17,754 18,342 18,965 19,168 18,751 18,425 Recycling - tons 654 733 656 719 632 678 Kraft bags and sacks - tons 25 20 23 20 25 22 Real Estate and Related Assets: Single-family homes sold 1,684 1,472 1,139 1,325 734 906 Single-family homes closed 976 1,161 1,062 1,483 1,145 1,439 Single-family homes sold but not closed at end of period 2,207 3,105 2,284 2,947 1,873 2,414 Third party sales volumes: (1) (2) Year-to-date Q4 Year-to-date Sept. 30, Sept. 24, Dec. 31, Dec. 31, 2007 2006 2006 2006 Timberlands (thousands): Logs - cunits 2,317 2,593 843 3,436 Wood Products (millions): Softwood lumber - board feet 5,116 6,008 1,863 7,871 Plywood - square feet (3/8") 855 1,284 379 1,663 Veneer - square feet (3/8") 212 172 43 215 Composite panels - square feet (3/4") 100 765 37 802 Oriented strand board - square feet (3/8") 2,676 3,058 1,038 4,096 Hardwood lumber - board feet 281 313 99 412 Engineered I-Joists - lineal feet 282 361 95 456 Engineered solid section - cubic feet 25 29 7 36 Logs - cunits (in thousands) 113 127 42 169 Cellulose Fibers (thousands): Pulp - air-dry metric tons 1,588 1,923 698 2,621 Liquid packaging board - tons 221 199 76 275 Fine Paper (thousands): (2) Paper - tons 461 2,056 693 2,749 Coated groundwood - tons 38 170 64 234 Paper converting - tons 318 1,447 485 1,932 Containerboard, Packaging and Recycling (thousands): Containerboard - tons 694 602 254 856 Packaging - MSF 55,470 55,935 18,932 74,867 Recycling - tons 1,942 2,130 745 2,875 Kraft bags and sacks - tons 73 62 27 89 Real Estate and Related Assets: Single-family homes sold 3,557 3,703 838 4,541 Single-family homes closed 3,183 4,083 1,753 5,836 Single-family homes sold but not closed at end of period 1,873 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 Q3 April 1, March 26, July 1, June 25, Sept. 30, Sept. 24, 2007 2006 2007 2006 2007 2006 Timberlands (thousands): Fee depletion - cunits 2,140 2,132 2,038 2,083 2,029 2,040 Wood Products (millions): Softwood lumber - board feet 1,427 1,663 1,451 1,650 1,405 1,559 Plywood - square feet (3/8") 114 241 115 245 110 237 Veneer - square feet (3/8") (3) 298 455 338 455 297 494 Composite panels - square feet (3/4") - 278 - 288 - 100 Oriented strand board - square feet (3/8") 968 1,073 847 1,062 834 1,009 Hardwood lumber - board feet 73 82 75 83 80 82 Engineered I-Joists - lineal feet 87 121 114 136 91 130 Engineered solid section - cubic feet 6 11 9 12 8 10 Cellulose Fibers (thousands): Pulp - air-dry metric tons 539 676 419 588 445 660 Liquid packaging board - tons 60 61 77 75 72 73 Fine Paper (thousands): (2) Paper - tons (4) 444 724 - 672 - 675 Coated groundwood - tons 43 56 - 56 - 59 Paper converting - tons 318 498 - 461 - 485 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (5) 1,515 1,575 1,506 1,533 1,575 1,544 Packaging - MSF 19,007 19,550 19,721 20,290 19,547 19,341 Recycling - tons (6) 1,619 1,716 1,589 1,684 1,838 1,641 Kraft bags and sacks - tons 23 19 23 20 23 18 Total production volumes: (1) (2) Year-to-date Q4 Year-to-date Sept. 30, Sept. 24, Dec. 31, Dec. 31, 2007 2006 2006 2006 Timberlands (thousands): Fee depletion - cunits 6,207 6,255 2,195 8,450 Wood Products (millions): Softwood lumber - board feet 4,283 4,872 1,483 6,355 Plywood - square feet (3/8") 339 723 177 900 Veneer - square feet (3/8") (3) 933 1,404 335 1,739 Composite panels - square feet (3/4") - 666 - 666 Oriented strand board - square feet (3/8") 2,649 3,144 1,022 4,166 Hardwood lumber - board feet 228 247 77 324 Engineered I-Joists - lineal feet 292 387 86 473 Engineered solid section - cubic feet 23 33 8 41 Cellulose Fibers (thousands): Pulp - air-dry metric tons 1,403 1,924 664 2,588 Liquid packaging board - tons 209 209 73 282 Fine Paper (thousands): (2) Paper - tons (4) 444 2,071 725 2,796 Coated groundwood - tons 43 171 59 230 Paper converting - tons 318 1,444 487 1,931 Containerboard, Packaging and Recycling (thousands): Containerboard - tons (5) 4,596 4,652 1,608 6,260 Packaging - MSF 58,275 59,181 20,670 79,851 Recycling - tons (6) 5,046 5,041 1,788 6,829 Kraft bags and sacks - tons 69 57 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, Sept. 30, Dec. 31, Assets 2007 2007 2007 2006 Weyerhaeuser Current assets: Cash and cash equivalents $1,172 $208 $72 $223 Receivables, less allowances 1,394 1,508 1,419 1,183 Inventories 1,437 1,308 1,323 1,355 Prepaid expenses 356 378 406 385 Assets held for sale 114 - - 105 Current assets of discontinued operations - - - 870 Total current assets 4,473 3,402 3,220 4,121 Property and equipment 6,850 6,775 6,894 7,061 Construction in progress 467 544 412 395 Timber and timberlands at cost, less fee stumpage charged to disposals 3,705 3,721 3,736 3,681 Investments in and advances to equity affiliates 498 510 497 499 Goodwill 2,158 2,181 2,200 2,185 Deferred pension and other assets 1,378 1,470 1,525 1,368 Restricted assets held by special purpose entities 915 916 915 917 Noncurrent assets of discontinued operations - - - 3,011 20,444 19,519 19,399 23,238 Real Estate and Related Assets Cash and cash equivalents 13 7 8 20 Receivables, less allowances 77 75 72 144 Real estate in process of development and for sale 1,540 1,561 1,587 1,449 Land being processed for development 1,427 1,476 1,528 1,365 Investments in unconsolidated entities, less reserves 81 83 77 72 Other assets 396 383 423 423 Consolidated assets not owned 264 287 277 151 3,798 3,872 3,972 3,624 Total assets $24,242 $23,391 $23,371 $26,862 Liabilities and Shareholders' Interest Weyerhaeuser Current liabilities: Notes payable and commercial paper $163 $92 $92 $72 Current maturities of long-term debt 70 63 262 488 Accounts payable 920 1,010 894 948 Accrued liabilities 1,220 1,145 1,185 1,363 Current liabilities of discontinued operations - - - 258 Total current liabilities 2,373 2,310 2,433 3,129 Long-term debt 6,849 5,980 6,428 7,069 Deferred income taxes 2,897 2,906 2,863 3,011 Deferred pension, other postretirement benefits and other liabilities 1,691 1,775 1,780 1,759 Liabilities (nonrecourse to Weyerhaeuser) held by special purpose entities 763 765 764 765 Noncurrent liabilities of discontinued operations - - - 717 14,573 13,736 14,268 16,450 Real Estate and Related Assets Notes payable and commercial paper 427 412 295 - Long-term debt 605 605 605 606 Other liabilities 565 539 497 606 Consolidated liabilities not owned 232 246 237 115 1,829 1,802 1,634 1,327 Total liabilities 16,402 15,538 15,902 17,777 Shareholders' interest 7,840 7,853 7,469 9,085 Total liabilities and shareholders' interest $24,242 $23,391 $23,371 $26,862 WEYERHAEUSER COMPANY STATISTICAL INFORMATION STATEMENT OF CASH FLOWS SELECTED INFORMATION Q1 Q2 Q3 (unaudited) April 1, March 26, July 1, June 25, Sept. 30, Sept. 24, (in millions) 2007 2006 2007 2006 2007 2006 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $(187) $(210) $271 $566 $157 $102 Cash paid for property and equipment $(114) $(182) $(140) $(184) $(176) $(173) Cash paid for timberlands reforestation $(12) $(12) $(12) $(9) $(8) $(6) Cash received from issuances of debt $- $- $- $- $451 $3 Revolving credit facilities, notes and commercial paper borrowings, net $10 $(68) $22 $19 $148 $195 Payments on debt $(638) $(158) $(918) $(10) $(54) $(58) Proceeds from the sale of operations $1,350 $- $128 $- $7 $187 Repurchases of common stock $- $- $(22) $- $(441) $(332) Year-to- STATEMENT OF CASH FLOWS Year-to-date Q4 date SELECTED INFORMATION (unaudited) Sept. 30, Sept. 24, Dec. 31, Dec. 31, (in millions) 2007 2006 2006 2006 (Weyerhaeuser only, excludes Real Estate & Related Assets) Net cash from operations $241 $458 $1,089 $1,547 Cash paid for property and equipment $(430) $(539) $(273) $(812) Cash paid for timberlands reforestation $(32) $(27) $(10) $(37) Cash received from issuances of debt $451 $3 $1 $4 Revolving credit facilities, notes and commercial paper borrowings, net $180 $146 $(95) $51 Payments on debt $(1,610) $(226) $(5) $(231) Proceeds from the sale of operations $1,485 $187 $86 $273 Repurchases of common stock $(463) $(332) $(340) $(672)

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