NEWS
RELEASE___________________________________________________

FOR IMMEDIATE RELEASE
CONTACT: Chris Mathis
(512) 434-3766




TEMPLE-INLAND INC. REPORTS FOURTH QUARTER
 AND FULL YEAR 2009 RESULTS


AUSTIN, TEXAS, February 9, 2010--Temple-Inland Inc. today reported net income for full year 2009 of $206 million, or $1.89 per diluted share, compared with a net loss of $8 million, or $0.08 per share, in 2008. Net income in 2009 excluding special items was $78 million, or $0.70 per diluted share, compared with $12 million, or $0.11 per diluted share, in 2008.

 
Year
 
2009
2008
 
Net income per diluted share as reported
 
 
$1.89
 
($0.08)
Adjustment for special items
 
  (1.19)
  0.19
Net income per diluted share, excluding special items
 
$0.70
$0.11

Doyle R. Simons, chairman and chief executive officer of Temple-Inland Inc., said, “We delivered strong operating results and cash flow in 2009 despite tough economic conditions. Cash from operations was $640 million.  We reduced debt by $482 million for the year.

“In Corrugated Packaging, we posted record operating income of $347 million and generated a return on investment of 16.5%, the highest return among our peers. Operating income in 2009 improved by over 50% compared with 2008 driven by our lower cost structure in our box plant system and benefits from our Newport, Indiana mill, which included integration synergies and production of value-added white-top linerboard. We also benefited from lower input costs, our heavy orientation to the food and beverage market and our integrated system.

“Building Products markets continue to suffer from the decline in housing markets. Despite a 39% decrease in housing starts in 2009 compared with 2008, we generated $17 million of EBITDA in 2009, an increase of $9 million compared with 2008. Our improvement in 2009 was due to our structural cost reduction initiatives, favorable geographic footprint and mix of products. We remain focused on generating cash and returning to profitability in this business.
 

 
4

The following information was filed by Temple Inland Inc (TIN) on Tuesday, February 9, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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