The 2020 Mid-Year Economic Update_long

Louisiana-Pacific Posts 21.4% Sales Increase in 2012

LP reported profits for the fourth quarter and full year, compared to prior-year losses.

Louisiana-Pacific Corp. (NYSE: LPX), Nashville, TN, reported sales for the full year 2012 of $1.7 billion, an increase of 21.4 percent. LP reported a profit of $28.8 million, compared to a year-ago loss of $181.3 million.

Fourth-quarter sales were $458.7 million, a 46.9 percent increase compared to the same period a year earlier. Fourth-quarter profit was $46.1 million, compared to a year-ago loss of $57.2 million.

CEO Curt Stevens said, “The U.S. housing recovery picked up momentum in the fourth quarter, with annual housing starts at a seasonally adjusted rate of 954,000 in December. This increase in demand resulted in better OSB pricing and good performance in our Siding segment.”

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