Weyerhaeuser Swings To Loss in Quarter

Federal Way, WA, February 8, 2008--Weyerhaeuser Co. said deteriorating conditions in the U.S. Housing markets contributed to a fourth-quarter loss and the company believes the 2008 will be a difficult year.

Weyerhaeuser reported a loss of $63 million, or 30 cents per share, compared to a profit of $507 million, or $2.12 per share, last year.

Revenue dropped18 percent to $3.94 billion from $4.8 billion.

Chief Executive Steven Rogel said 2007 was a challenging year for the industry. "The continuing erosion of the U.S. housing market created very unfavorable market conditions," Rogel said in a statement. He added that the company expects those conditions to continue through 2008.