Louisiana-Pacific Corp. (NYSE: LPX), Nashville, TN, reported third-quarter sales of $351 million, an increase of 9 percent over the same period a year ago. Loss from continuing operation was $59 million, compared to a year-ago loss of $31 million.
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\”The building products market moved ahead at a slow place in the third quarter,\” CEO Rick Frost said. \”Housing activity remains at low levels, consumer confidence has been negatively affected by the political situation in Washington and job recovery remains muted.\”
For the first nine months of 2011, LP reported sales of $1 billion, slightly lower than the first nine months of 2010. Loss from continuing operations was $115 million, as compared to a loss from continuing operations of $30 million, for the first nine months of 2010.