AUSTIN, TX -- Temple-Inland reported net income in 2010 of $168 million compared with net income of $206 million in 2009.
Excluding special items, net income in 2010 was $100 million compared with $78 million in 2009.
Doyle Simons, chairman and CEO of Temple-Inland, said, "We had an outstanding year as we delivered strong operating results and cash flow from operations in 2010. Our consolidated return on investment was 8.2%, up from 7.0% in 2009.
"In Building Products, despite housing markets that remained at depressed levels, we generated $22 million in EBITDA in 2010, an increase of $5 million compared with 2009," he added.
Read Temple-Inland's full Q4 and 2010 financial results.
Posted by Rich Christianson
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