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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
 
2011 2010 2011
 
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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