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EARNINGS PER SHARE OF TEMPLE-INLAND INC. UP 6 PERCENT FROM 1991

 DIBOLL, Texas, Feb. 5 /PRNewswire/ -- Temple-Inland Inc. (NYSE: TIN) today reported that earnings per share for 1992 were $2.65, up 6 percent from $2.51 per share earned in 1991. Net income for the year was $146.9 million on revenues of $2.7 billion.
 Combined operating earnings of the forest products and financial services company were $237.5 million, up 10 percent from the previous quarter.
 For the fourth quarter, net income was $25.2 million or $.46 per share, up from $23.7 million or $.43 per share in the fourth quarter of 1991.
 Operating earnings from the company's container and containerboard, building products, and financial services groups were all up substantially for the year. However, results from the company's bleached paperboard group were sharply lower, offsetting a considerable part of those gains.
 The container and containerboard group had operating earnings of $112.3 million for the year, up 49 percent from the previous year. Record production of containerboard and corrugated boxes, plus some recovery of selling prices, all contributed to the earnings gain.
 Earnings from the company's bleached paperboard group continued to be hurt by depressed selling prices and weak demand which affected product mix and increased cost. For the year, the group earned $23.3 million, down 71 percent from last year. In addition, costs associated with the fourth quarter start-up of a new hardwood pulp line at the Evadale mill had a negative impact.
 Demand for solid wood and other building products was very strong during 1992 and earnings from Temple-Inland's building products group increased more than sixfold from 1991. Earnings for the group totaled $39.5 million, up from $5.2 million the year earlier.
 Temple-Inland Financial Services had another record year in earnings which totaled $64.4 million, up 19 percent from 1991. Although the savings bank experienced weak loan demand in generation of adjustable mortgages, the mortgage bank experienced record mortgage originations.
 In announcing results, Clifford J. Grum, Temple-Inland's chairman and chief executive officer, said, "Despite another difficult year for both our paper groups, the mix of our businesses allowed for an increase in net earnings. We are particularly pleased with the recovery of our building materials operations and another record year from our financial services group."
 TEMPLE-INLAND INC. AND SUBSIDIARIES
 (UNAUDITED)
 (in thousands, except per share amounts)
 Fourth Quarter For the Year
 1992 1991 1992 1991
 Total revenues $698,600 $640,400 $2,713,200 $2,507,100
 Manufacturing net
 sales 544,700 469,000 2,075,400 1,898,200
 Net income 25,200 23,700 146,900 138,400
 Earnings per share .46 .43 2.65 2.51
 Weighted avg. shares
 outstanding 55,430 55,298 55,535 55,248
 Business Segments
 Revenues
 Container and
 containerboard $323,700 $283,500 $1,254,400 $1,148,600
 Bleached paperboard 88,700 87,600 352,600 370,600
 Building products 103,100 75,500 391,300 311,100
 Other activities 29,200 22,400 77,100 67,900
 Manufacturing net
 sales 544,700 469,000 2,075,400 1,898,200
 Financial Services 153,900 171,400 637,800 608,900
 Total Revenues $698,600 $640,400 $2,713,200 $2,507,100
 Income
 Container and
 containerboard $26,400 $20,400 $112,300 $75,400
 Bleached paperboard 1,900 14,100 23,300 79,900
 Building products 9,700 2,000 39,500 5,200
 Other activities (2,100) 400 (2,000) 1,100
 Operating Profit 35,900 36,900 173,100 161,600
 Financial Services 11,000 12,200 64,400 54,200
 Combined operating
 earnings 46,900 49,100 237,500 215,800
 Corporate expenses (3,100) (3,900) (15,300) (16,000)
 Parent company
 interest - net (14,000) (11,100) (47,400) (31,800)
 Other income 600 (5,500) 2,200 (1,200)
 Income before taxes 30,400 28,600 177,000 166,800
 Taxes on Income 5,200 4,900 30,100 28,400
 Net Income $25,200 $23,700 $146,900 $138,400
 -0- 2/5/93
 /CONTACT: Joseph M. Areddy of Temple-Inland Inc., 317-879-4328/
 (TIN)


CO: Temple-Inland Inc. ST: Texas IN: PAP SU: ERN

BM -- CL003 -- 3427 02/05/93 10:08 EST
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Date:Feb 5, 1993
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