TempleInland Inc. (TIN, Financial) filed Annual Report for the period ended 2011-01-01.
Templeinland Inc. has a market cap of $2.74 billion; its shares were traded at around $25.4 with a P/E ratio of 28.22 and P/S ratio of 0.72. The dividend yield of Templeinland Inc. stocks is 1.73%.Hedge Fund Gurus that owns TIN: David Tepper of Appaloosa Management LP, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns TIN: NWQ Managers of NWQ Investment Management Co, John Keeley of Keeley Fund Management, Chuck Royce of Royce& Associates, Pioneer Investments.
In 2004, the United States Environmental Protection Agency (or EPA) published the Boiler MACT regulations affecting industrial boilers and process heaters burning all fuel types with the exception of small gas-fired units. In 2007 the U.S. Court of Appeals for the D.C. Circuit remanded and vacated the Boiler MACT regulations. EPA published new proposed Boiler MACT regulations for comment in April 2010. The Court has ordered EPA to promulgate final regulations by February 21, 2011. The EPA announced it will promulgate final regulations by this date but with standards significantly different than the April 2010 proposal. Because of the uncertainty as to the requirements of the final regulations, we are unable at this time to estimate what additional expenditures, if any, we might incur in order to comply with Boiler MACT regulations. We estimated our cost to comply with the regulations as proposed in April 2010 to be $70-$85 million based upon initial assessments and engineering performed by third parties. We anticipate compliance will not be required before 2014.
We own landfills used for disposal of non-hazardous waste at four containerboard mills and two building products facilities. Based on third-party cost estimates, we expect to spend, on an undiscounted basis, $42 million through 2083 to ensure proper closure of these landfills. The estimated annual average closure cost through 2020 for these landfills is $1 million per year. We also have one additional site that we are remediating. We expect to spend, on an undiscounted basis, $2 million for the remediation of that site. Appropriate reserves have been established for these closure and remediation costs.
Read the The complete Report
Templeinland Inc. has a market cap of $2.74 billion; its shares were traded at around $25.4 with a P/E ratio of 28.22 and P/S ratio of 0.72. The dividend yield of Templeinland Inc. stocks is 1.73%.Hedge Fund Gurus that owns TIN: David Tepper of Appaloosa Management LP, Steven Cohen of SAC Capital Advisors, Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns TIN: NWQ Managers of NWQ Investment Management Co, John Keeley of Keeley Fund Management, Chuck Royce of Royce& Associates, Pioneer Investments.
Highlight of Business Operations:
Future expenditures for environmental control facilities will depend on new laws and regulations and other changes in legal requirements and agency interpretations thereof, as well as technological advances. We expect the prominence of environmental regulation and compliance to continue for the foreseeable future. Given these uncertainties, we currently estimate that capital expenditures for environmental purposes, excluding expenditures related to the Maximum Achievable Control Technology (or MACT) programs and landfill closures discussed below, will be $11 million in 2011, $7 million in 2012, and $8 million in 2013. The estimated expenditures could be significantly higher if more stringent laws and regulations are implemented.In 2004, the United States Environmental Protection Agency (or EPA) published the Boiler MACT regulations affecting industrial boilers and process heaters burning all fuel types with the exception of small gas-fired units. In 2007 the U.S. Court of Appeals for the D.C. Circuit remanded and vacated the Boiler MACT regulations. EPA published new proposed Boiler MACT regulations for comment in April 2010. The Court has ordered EPA to promulgate final regulations by February 21, 2011. The EPA announced it will promulgate final regulations by this date but with standards significantly different than the April 2010 proposal. Because of the uncertainty as to the requirements of the final regulations, we are unable at this time to estimate what additional expenditures, if any, we might incur in order to comply with Boiler MACT regulations. We estimated our cost to comply with the regulations as proposed in April 2010 to be $70-$85 million based upon initial assessments and engineering performed by third parties. We anticipate compliance will not be required before 2014.
We own landfills used for disposal of non-hazardous waste at four containerboard mills and two building products facilities. Based on third-party cost estimates, we expect to spend, on an undiscounted basis, $42 million through 2083 to ensure proper closure of these landfills. The estimated annual average closure cost through 2020 for these landfills is $1 million per year. We also have one additional site that we are remediating. We expect to spend, on an undiscounted basis, $2 million for the remediation of that site. Appropriate reserves have been established for these closure and remediation costs.
Read the The complete Report
