The 2020 Mid-Year Economic Update_long

Louisiana-Pacific Sales Drop 16% in First Quarter

Severe weather was attributed to the first-quarter net loss of $14 million.

Louisiana-Pacific Corp. (NYSE: LPX), Nashville, TN, reported sales for the first quarter of $445 million, a decrease of 16 percent compared to the same period a year ago. The building materials distributor reported a net loss of $14 million.

The oriented strand board segment reported sales for the first quarter of $195 million, a decrease of 30 percent from the first quarter of 2013.

Sales for the siding segment increased 7 percent to $144 million.

The engineered wood products segment reported sales of $66 million, an increase of 4 percent from a year ago.

The South American segment had sales of $37 million, a decrease of 14 percent.

“The severe weather across much of North America in the first quarter took a toll on building activity and logistics,” said CEO Curt Stevens. “The rail transportation systems in both the U.S. and Canada were in disarray in Q1, which caused unplanned downtime at our operations, increased inventory and late shipments and negatively affected our reported results.”  

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.