-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RtBeRqYTwwAgyRJEBJDraH9Am1DbqVqxut3OWmbwUPlk5wqDnYRlwDfG2PQta5L5 ofSZn4HNx8Tntj62Ezy05A== 0000731939-02-000007.txt : 20021015 0000731939-02-000007.hdr.sgml : 20021014 20021015080513 ACCESSION NUMBER: 0000731939-02-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021015 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: FILED AS OF DATE: 20021015 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLE INLAND INC CENTRAL INDEX KEY: 0000731939 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD MILLS [2631] IRS NUMBER: 751903917 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08634 FILM NUMBER: 02788142 BUSINESS ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5124348000 MAIL ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 8-K 1 tin8kearnings.txt 8-K FOR THIRD QUARTER EARNINGS CALL SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 _________________ Date of Report: October 15, 2002 (Date of earliest event reported) TEMPLE-INLAND INC. (Exact Name of Registrant as Specified in its Charter) Delaware 001-08634 75-1903917 (State or Other (Commission (IRS Employer Jurisdiction File Number) Identification No.) of Incorporation) 1300 South MoPac Expressway, Austin, Texas 78746 (Address of Principal Executive Offices) (512) 434-5800 (Registrant's telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) 2 Item 7. Exhibits. (c) Exhibits. 99.1 Presentation materials of Kenneth M. Jastrow, II, Chief Executive Officer of Temple-Inland Inc., used in Mr. Jastrow's conference call on October 15, 2002, discussing the Company's earnings for the quarter ended September 28, 2002. Item 9. Regulation FD Disclosure. On October 15, 2002, Kenneth M. Jastrow, II, Chief Executive Officer of Temple-Inland Inc., participated in a conference call discussing the Company's earnings for the quarter ended September 28, 2002. Copies of the presentation materials used by Mr. Jastrow are furnished as exhibit 99.1 of this report. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TEMPLE-INLAND INC. Date: October 15, 2002 By: /s/ M. Richard Warner ------------------------ Name: M. Richard Warner Title: Vice President and Chief Administrative Officer 3 EXHIBIT INDEX Exhibit Description Page 99.1 Presentation materials of Kenneth M. Jastrow, 4 II, Chief Executive Officer of Temple-Inland Inc., used in Mr. Jastrow's conference call on October 15, 2002, discussing the Company's earnings for the quarter ended September 28, 2002. EX-99 3 tin8kslides.txt SLIDES FOR EARNINGS CALL [Temple-Inland Inc. Logo] This presentation contains forward looking statements that involve risks and uncertainties. The actual results achieved by Temple-Inland may differ significantly from the results discussed in the forward-looking statements. Factors that might cause such differences include general economic, market, or business conditions; the opportunities (or lack thereof) that may be presented to and pursued by Temple-Inland and its subsidiaries; competitive actions by other companies; changes in law or regulations; the accuracy of certain judgments and estimates concerning the integration of Gaylord into the operations of Temple- Inland; and other factors, many of which are beyond the control of Temple-Inland and its subsidiaries. October 15, 2002 2 Third Quarter Results 3rd Qtr 3rd Qtr 2nd Qtr 2002 2001 2002 ------ ------ ------ TIN Income $ 15 $ 35 $ 26 EPS $0.28 $0.72 $0.50 Operating Income Paper $ 14 $ 31 $ 29 Building Products $ 12 $ 17 $ 21 Financial Services $ 44 $ 43 $ 37 3 Paper 3rd Qtr 3rd Qtr 2nd Qtr 2002 2001 2002 ------ ------ ------ *Operating income (millions) $ 14 $ 31 $ 29 *Price -Average domestic box price down $37/ton vs. 3rd qtr. 2001, and flat vs. 2nd qtr. 2002 -September prices up vs. 3rd qtr. average and upward pricing trend has continued in October 4 Paper (Cont'd) *Volume -Box shipments down 3% vs. 3rd qtr. 2001 (pro-forma combined shipments of the paper group and Gaylord) and down 3% vs. 2nd qtr. 2002 -Seasonal pick-up in September less than normal and trend has continued in October *Downtime -Containerboard production curtailed by 111,000 tons in 3rd qtr. 5 Paper (Cont'd) *OCC -OCC prices up $52/ton vs. 3rd qtr. 2001 and up $20/ton vs. 2nd qtr. 2002 -OCC prices began to decline in August; down approximately $20/ton in both August and September and anticipated to be down another $10/ton in October 6 Paper (Cont'd) *Capacity closures (600,000 tons) -Antioch, CA, linerboard mill permanently closed on September 20, 2002 (425,000 tons of capacity) -3 smaller, older, inefficient machines at Bogalusa, LA, linerboard mill permanently closed (175,000 tons of capacity) 7 Building Products 3rd Qtr 3rd Qtr 2nd Qtr 2002 2001 2002 ------ ------ ------ *Operating income (millions) $ 12 $ 17 $ 21 *Lumber -Average price down $37 vs. 3rd qtr. 2001 and down $33 vs. 2nd qtr. 2002 -Volume up 2% vs. 3rd qtr. 2001, but flat vs. 2nd qtr. 2002 8 Building Products (Cont'd) *Particleboard -Average price down $32 vs. 3rd qtr. 2001 and down $3 vs. 2nd qtr. 2002 -Volume up 7% vs. 3rd qtr. 2001, but down 7% vs. 2nd qtr. 2002 9 Building Products (Cont'd) *MDF -Average price up $5 vs. 3rd qtr. 2001 and up $13 vs. 2nd qtr. 2002 (improved product mix) -Volume up 22% vs. 3rd qtr. 2001, but down 14% vs. 2nd qtr. 2002 10 Building Products (Cont'd) * Gypsum -Average price up $18 vs. 3rd qtr. 2001, but down $3 vs. 2nd qtr. 2002 -Volume up 4% vs. 3rd qtr. 2001 and up 3% vs. 2nd qtr. 2002 11 High-Value Land [Map depicting location of 160,000 acres of high-value land in the Atlanta area] 12 Financial Services 3rd Qtr 3rd Qtr 2nd Qtr 2002 2001 2002 ------ ------ ------ *Operating income (millions) $ 44 $ 43 $ 37 *Loans -Increased focus on single-family, adjustable-rate mortgage assets *Deposits -Deposit costs remain competitive, however, increase in transaction accounts *Costs -Benefits from cost reduction initiatives being realized 13 Gaylord *Integration on track and on schedule *Asset sales on track and on schedule ($59 million sold to date) 14 [TEMPLE-INLAND INC. 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