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.”
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