Temple-Inland Inc.Temple-Inland Temple-Inland, Inc. NYSE: TIN is an American paper, building products and financial services company based in Austin, Texas. It has approximately 19,500 employees. Its paper group operates under the name Inland Paperboard and Packaging Group Inc. of Austin Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , TX, reported a fourth quarter 2003 net loss of $59 million, compared with fourth quarter 2002 net income of $19 million. Results for the fourth quarter included an after tax charge of $21 million associated with box plant closures, an after-tax af·ter-tax also af·ter·tax adj. Relating to or being that which remains after payment, especially of income taxes: after-tax profits. charge of $8 million associated with Project TIP consolidation and supply chain initiatives and an after-tax charge of $35 million associated primarily with the write-down Write-Down Reducing the book value of an asset because it is overvalued compared to the market value. Notes: This is usually reflected in the company's income statement as an expense, thereby reducing net income. of the specialty packaging operation and sale of a facility lease. For the year, the company reported net income of $96 million, a big improvement over the $53 million it posted last year. |
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