-----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, KE+dHWV2kbTFA2Ex9AaFZTNcv+bUfrvM/SLeWUlK/YGBMy7OX8qjCS9VfMKrCVqC lvaSVbOKhL4yq/SGIVYuuA== 0000731939-05-000079.txt : 20051011 0000731939-05-000079.hdr.sgml : 20051010 20051011083135 ACCESSION NUMBER: 0000731939-05-000079 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051011 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051011 DATE AS OF CHANGE: 20051011 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: 051130838 BUSINESS ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5124345800 MAIL ADDRESS: STREET 1: 1300 MOPAC EXPRESSWAY SOUTH CITY: AUSTIN STATE: TX ZIP: 78746 8-K 1 tin8k10112005.htm 8-K FOR PRESS RELEASE ON HURRICANE IMPACT

 

 


UNITED STATES

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 11, 2005

(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 Jurisdiction
of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

 

 

1300 MoPac Expressway South, Austin, Texas 78746

(Address of Principal Executive Offices, including Zip code)

 

(512) 434-5800

(Registrant's telephone number, including area code)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)


    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240. 13e-4(c))

 


 

 

 

 

Item 7.01.

Regulation FD Disclosure.

 

On October 11, 2005, Temple-Inland Inc. issued a press release disclosing the estimated financial impact of Hurricanes Katrina and Rita and commenting on earnings for the quarter ended October 1, 2005. A copy of the press release is furnished as exhibit 99.1 to this current report.

 

Item 9.01. Financial Statements and Exhibits.

 

(c) Exhibits.

 

99.1

Press release dated October 11, 2005, disclosing the estimated financial impact of Hurricanes Katrina and Rita and commenting on earnings for the quarter ended October 1, 2005.

 

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 11, 2005

By:       /s/ Doyle R. Simons                

Name: Doyle R. Simons

 

Title:

Executive Vice President

 

 

2

 

 

 

EXHIBIT INDEX

 

Exhibit

Description

Page

 

 

 

99.1

Press release dated October 11, 2005, disclosing the estimated financial impact of Hurricanes Katrina and Rita and commenting on earnings for the quarter ended October 1, 2005.

4

 

 

 

3

 

 

 

EX-99 2 tinrelease10112005.htm PRESS RELEASE ON IMPACT OF HURRICANES


 

NEWS

RELEASE___________________________________________________

 

FOR IMMEDIATE RELEASE

CONTACT: Chris L. Nines

(512) 434-5587

 

TEMPLE-INLAND ANNOUNCES IMPACT OF HURRICANES

 

AUSTIN, TEXAS, October 11, 2005 — Temple-Inland announced today production has resumed at the linerboard mill in Orange, Texas, and lumber mills in Pineland and Buna, Texas and DeQuincy, Louisiana. All of the affected financial services banking centers have resumed operations. Operations at these locations had been suspended due to the effects of Hurricane Rita.

 

Third quarter 2005 pre-tax income will be adversely affected by about $27 million for hurricane related losses, expenses and downtime, including approximately $10 million for Hurricane Katrina and $17 million for Hurricane Rita. Of the $27 million, about $15 million (principally related to facility and timber losses due to wind and water damage, employee and community assistance and other costs) will be reported as a special item. The remaining $12 million (principally related to mill downtime and start-up expenses) will be included as a reduction of segment operating income, substantially all of which applies to the corrugated packaging operation.

 

The $15 million of special items includes an estimated $7 million loss due to damage to the company’s Texas and Louisiana forest by Hurricane Rita, and represents an initial assessment of the book value of timber damaged less estimated recoveries. The damage to the forest will not materially affect long-term results of operations or cash flow.

 

Net income per diluted share for third quarter 2005 is anticipated to be approximately $0.32. Net income includes after-tax special items of approximately $0.13 per diluted share, a majority of which are related to the hurricanes. Excluding special items, income per share in third quarter 2005 is anticipated to be approximately $0.45 per diluted share.

 

In commenting on the hurricanes, Kenneth M. Jastrow, II, chairman and chief executive officer of Temple-Inland Inc., said, “We are pleased that there were no reported injuries to employees due to the hurricanes, and all facilities have resumed operation. We are very proud of our employees and their participation in the clean-up process. Throughout Temple-Inland, employees have done a remarkable job responding to both hurricanes.”

 

Temple-Inland Inc. is a major manufacturer of corrugated packaging and forest products, with a diversified financial services operation. The Company’s 2.0 million acres of forestland are certified as managed in compliance with ISO 14001 and in accordance with the Sustainable Forestry Initiative® (SFI) program of the American Forest & Paper Association to ensure forest management is conducted in a scientifically sound and environmentally sensitive manner.

 

 

Temple-Inland's common stock (TIN) is traded on the New York Stock Exchange and the Pacific Exchange. Temple-Inland's address on the World Wide Web is www.templeinland.com.

 

This release contains forward-looking statements that involve risks and uncertainties. The actual results of 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; the availability and price of raw materials; competitive actions by other companies; changes in laws or regulations; the accuracy of judgments and estimates concerning the integration of acquired operations and Temple-Inland's consolidation and supply chain initiatives; and other factors, many of which are beyond the control of Temple-Inland.

 

 

2

 

 

 

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