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Louisiana-Pacific Corp. (NYSE: LPX), Nashville, TN, reported third-quarter sales of $468 million, higher by 33 percent compared to the year-ago quarter. Profit was $31.3 million, compared to a year-ago loss of $65.6 million.
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For the first nine months, sales were $1.3 billion, 20.3 percent higher than the same period a year ago. Nine-month losses were $17.3 million, versus year-ago losses of $121.4 million.
“LP is very pleased to report significantly better results as we were able to take advantage of an improving housing market in the quarter,” CEO Curt Stevens said. “With the increasingly favorable news in housing trends, we are optimistic that the market will continue to steadily recover.”