Temple-Inland, Inc.
Industry: Conglomerates

Temple-Inland Inc. is a major manufacturer of corrugated packaging and building products, with a diversified financial services operation. The Company's 2.1 million acres of forestland are certified as managed in compliance with ISO 14001 and in accordance with the Sustainable Forestry Initiative (SFI(sm)) 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.

Business Summary
Temple-Inland Inc. is a holding company that, through its subsidiaries, operates three business segments: corrugated packaging, forest products and financial services. The corrugated packaging segment is a vertically integrated corrugated packaging operation that consists of five linerboard mills, one corrugating medium mill and 72 converting and other facilities. The forest products segment manages the Company's forest resources of approximately two million acres of timberland in Texas, Louisiana, Georgia and Alabama, and manufactures a range of building products, including lumber, particleboard, medium-density fiberboard (MDF), gypsum wallboard and fiberboard. The financial services segment provides financial services in the areas of consumer and commercial banking, real estate development and insurance. The Company's significant subsidiaries are TIN Inc., Temple-Inland Financial Services Inc., Guaranty Holdings Inc. I and Guaranty Bank.

Financial Summary
Temple-Inland, Inc., through its subsidiaries, conducts operations in three groups; Paper, Building Products and Financial Services. For the six months ended 7/02/05, revenues increased 4% from $2.37B to $2.46B. Net income increased 71% to $113M. Revenues reflect an increase in volume. Net income from continued operations also benefitted from lower converting expenses, improved pricing, and lower mill costs.