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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