LP

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LP Posts 2Q Op. Income and Uses it to Pay Off Debt

Louisana-Pacific Corp. posted a $19 million second-quarter operating income, a swing into the black from a year ago, but decided to use it as an opportunity to pay off debt, thus moving the company's bottom line further into the red with a $37.3 million net loss. More

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LP Plunges Into Loss in 2Q

Louisiana-Pacific Corp. swung to a; net loss of $35.5 million in the second quarter from a $22.3 profit a year before on a 19% drop in sales to $362.4 million. More

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LP Sales, Op Earnings Rise, but Net Loss Remains

Louisiana-Pacific Corp. reported its net loss attributable to LP deepened in the first quarter by $500,000 from the year-earlier period to reach $23 million even though sales rose 1.6% to $331.7 million. The operating loss actually improved to $18.2 million from 2010's $22.7 million loss. More

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LP Cuts 4Q Continuing Operation Losses by 95%

Louisiana-Pacific Corp. (LP) reported a vast improvement in loss from continuing operations in the fourth quarter with a 96% decrease to $2 million, compared to $47 million during the same period in 2009. For the year, the company posted a loss from continuing operations of $32 million, which was a 73% improvement over 2009's numbers. More

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LP's Operating Losses Triple in 3Q; Sales Up 4%

Louisiana-Pacific Corp. reported its loss from continuing operations in the third quarter more than tripled from the year-earlier period to reach $31 million from $12.5 million even though sales grew 4% to $323 million. More

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OSB, Siding Profits Push LP into the Black

A more than doubling in profit for oriented strand board (OSB) and a tripling of profit for siding enabled Louisiana-Pacific Corp. (LP) to swing to a $23.6 million profit from continuing operations in the second quarter from a $29.2 million loss in the year-earlier period. Sales leaped 67% to $447.1 million. But the Nashville, Tenn.-based firm's earnings announcement also suggested these good times won't continue. More

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Higher Sales Help LP Cut 1Q Operating Loss

Louisiana-Pacific Corp. reported its loss from continuing operations shrank to $22.5 million in the first quarter from $30.3 million a year thanks to a 44% rise in net sales to $296.6 million that in turn was powered by higher prices for oriented strand board (OSB) and more housing starts. More

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LP Losses Narrow in 2009

Louisiana-Pacific Corporation (LP) tightened its losses in 2009 and this morning reported a fourth quarter net loss of $49 million as compared to a net loss in the fourth quarter of 2008 of $341 million. More

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