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Temple-Inland Posts Unexpected Loss, Reduced Debt by $482 Million (TIN) - 2/9/2010 8:59:36 AM

2/9/2010-Temple-Inland (NYSE:TIN) reported a Q4 loss of $0.07 per share, falling short of estimates for earnings of $0.03 per share.

Revenues for the quarter fell 13.2% year-over-year to $845 million, topping consensus estimates of $836.3 million.

Doyle R. Simons, chairman and CEO of Temple-Inland, commented, "We delivered strong operating results and cash flow in 2009 despite tough economic conditions. Cash from operations was $640 million. We reduced debt by $482 million for the year.

"As we enter 2010, we are focused on fully implementing the current box price increase and continuing to structurally lower our costs in Corrugated Packaging. In Building Products, our low-cost assets and favorable product mix position us to fully capitalize on an economic rebound and recovery in housing."


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