23 May 2017 | Louisiana-Pacific 1Q sales up 21% to $611 million

Posted by Jo English on 23rd May 2017

Market: Panels

18 May, 23:10

For the 1Q 2017, Louisiana-Pacific Corporation (LP) reported net sales of $611 million, up from $505 million in the same quarter of 2016, as the company said in the press release received by Lesprom Network.

LP reported net income of $55 million, or $0.38 per diluted share, as compared to $10 million, or $0.07 per diluted share for the 1Q 2016. Adjusted EBITDA for the 1Q 2017 was $112 million compared to $52 million in the 1Q 2016.

“LP had an outstanding 1Q led by higher OSB prices and a 16% volume increase in Siding,” said Curt Stevens, CEO. “South America had solid results and EWP returned to profitability.”

Louisiana-Pacific Corporation is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products.