The 2020 Mid-Year Economic Update_long

Louisiana-Pacific Sales Increase 10% in 4Q

The manufacturer of wood building materials recorded a loss of $47 million, for the quarter, a signifcant improvement from the $340 million loss recorded in the year-ago period.

Nashville, TN-based Louisiana-Pacific Corp. (NYSE: LPX) reported fourth quarter sales of $275 million, an increase of 10% versus a year ago. The manufacturer of wood building materials recorded a loss from continuing operations of $47 million, compared to a loss of $340 million in the fourth quarter of 2008.

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

For 2009, sales were down 23% to $1.1 billion. Full-year loss from continuing operations was $117 million, compared to a loss of $565 million in 2008.

\”While I am glad 2009 is behind us, LP made significant improvements compared to the prior year,\” CEO Rick Frost said. \”All of our operating segments improved in 2009 despite housing starts falling by 39 percent. We achieved almost 60 percent improvement in OSB; 20 percent better results in EWP; and a tenfold increase in operating results in Siding. \”

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.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 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

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

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

1

article
left

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 mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

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

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.