AUSTIN, TX – Temple-Inland Inc. reported third quarter 2007 net income of $36 million compared with third quarter 2006 net income of $95 million and second quarter 2007 net income of $66 million.  Forest products operating income declined in a third quarter 2007 to third quarter 2006 comparison due to lower prices and lower shipments, the company said.

Kenneth Jastrow II, chairman and CEO of Temple-Inland, said, “Forest products results reflect challenging market conditions. Production in our converting operations is being reduced to match demand of our building products.”

Read more.

Have something to say? Share your thoughts with us in the comments below.