Louisiana-Pacific Corp. (NYSE: LPX), Nashville, TN, reported first-quarter sales of $362 million, a year-over-year increase of 9 percent. Loss from continuing operations was $11 million, as compared to a loss from continuing operations of $23 million for the first quarter of 2011.
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\”All of our North American segments outperformed the same quarter last year,\” said Curt Stevens, CEO. \”For the first time in many years, the housing news has been positive and this was reflected in our results. Of particular note was the performance of our Siding segment where operating profit improved by more than 30 percent compared to the same quarter last year and more than doubled compared to last quarter.\”