The 2020 Mid-Year Economic Update_long

Louisiana-Pacific Sales Up 6% in 1Q

The company reported a loss for the quarter of $34.5 million.

Louisiana-Pacific Corp. (NYSE: LPX), Nashville, TN, reported sales for the first quarter of $471.7 million, an increase of 6 percent year-over-year. The company reported a loss of $34.5 million, compared to a loss of $14.2 million in the prior year quarter.

In the first quarter, oriented strand board segment sales were down 2 percent year-over-year to $190 million while siding segment sales were up 21 percent to $174 million and engineered wood products segment sales were up 4 percent to $65 million.

“Though we were encouraged by the increase in housing permits, we saw only a slight upswing in North American housing activity in the first quarter,” said CEO Curt Stevens. “As a result, OSB prices languished in the quarter on relatively flat volumes compared to last quarter, hurting our results. On the other hand, our more diversified Siding business posted record results with increased sales in all of its segments including housing, retail, repair and remodel and non-residential structures.”  

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.