The 2020 Mid-Year Economic Update_long

Louisiana-Pacific Records 3Q Loss of $12.7M

Third quarter sales for the wood building materials manufacturer were down 21%.

Louisiana-Pacific Corp. (NYSE: LPX), Nashville, TN, reported sales for the third quarter were $309 million, down 21% versus a year ago. The manufacturer of wood building materials recorded a loss from continuing operations of $12.7 million – an improvement of 87% over results from third quarter 2008.

“While the housing market continues to be very depressed, there were seasonal improvements in demand and a few encouraging signs that the housing market is beginning to recover,” CEO Rick Frost said.

For the first nine months, LP reported sales of $780 million, down 30.7% from the first nine months of 2008. The company reported a loss from continuing operations of $70.2 million, as compared to $225.7 million a year ago.

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