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Louisiana-Pacific Corp. (NYSE: LPX), Nashville, TN, reported full year sales for 2014 of $1.9 billion, a decrease of 7 percent from 2013. The company reported a loss of $75.4 million, compared to a profit of $177.1 million the previous year.
Fourth quarter sales were $454 million, a decrease of 5 percent from the same period the previous year. The company reported a loss of $42.9 million in the fourth quarter, compared to a loss of $20.4 million the previous year.
Oriented strand board segment sales were down 12 percent in the fourth quarter and down 20 percent in 2014 compared to 2013.
Siding segment sales were up 2 percent in the fourth quarter and up 8 percent in 2014.
Engineered wood products segment sales were down 3 percent in the fourth quarter, but were up 12 percent for the full year.
“The fourth quarter was a tough quarter for LP as OSB prices drifted downward, log outages affected our siding production and EWP sales slowed as dealers aggressively managed their inventories at year-end,” said CEO Curt Stevens.