Temple-Inland Inc. Reports Third Quarter 2011 Results
Temple-Inland Inc. (NYSE:TIN) today reported third quarter 2011 net income of $6 million, or $0.05 per diluted share, compared with second quarter 2011 net income of $19 million, or $0.17 per diluted share, and third quarter 2010 net income of $125 million, or $1.13 per diluted share. Third quarter 2011 net income excluding special items was $21 million, or $0.18 per diluted share.
|Third Quarter||Second Quarter|
|Net income per share||$0.05||$1.13||$0.17|
|Adjustment for special items||$0.13||($0.72||)||$0.04|
|Net income per share, excluding special items||$0.18||$0.41||$0.21|
Net debt at third quarter-end 2011 was $610 million, down $80 million compared with second quarter-end 2011 net debt of $690 million.
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