Louisiana-Pacific Sales +18%

[Wednesday, August 01, 2012]  Louisiana-Pacific reports total sales for the second quarter were $428 million, up 18 percent compared to $362 million a year ago. Loss from continuing operations was $37 million ($0.27 per diluted share).

"We are pleased that LP returned to profitability in the second quarter, after adjusting for the costs associated with our successful debt refinancing,” said Curt Stevens, CEO. “Higher OSB prices and volume and continued volume growth in our Siding business were the primary drivers for the improvement in our results.” Read More ...