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Louisiana-Pacific Sales Increase 23% in 2013

Louisiana-Pacific Corporation (NYSE: LPX), Nashville, TN, reported full year sales for 2013 of $2.1 billion, an increase of 23 percent from 2012. Profit almost double to $202.8 million from $104.2 million the previous year.

Fourth quarter sales were $479.7 million, an increase of 6 percent from the same period the previous year. The company reported a loss of $22 million in the fourth quarter, compared to a profit of $47.1 million the previous year.

Oriented strand board segment sales were down 5 percent in the fourth quarter year-over-year, but were up 31 percent in 2013 compared to 2012.

Siding segment sales were up 19 percent in the fourth quarter and up 15 percent in 2013.

Engineered wood products segment sales were up 39 percent in the fourth quarter and were up 25 percent for the full year.

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