For the quarter ended December 31, 2016, Louisiana-Pacific Corporation (LP) reported net sales of $550 million, up from $463 million in the 4Q 2015. For the 4Q, the company reported operating income of $56 million as compared to income of $1 million in 2015.

Wooden Panels

Louisiana-Pacific improved 4Q net sales to $550 million

For the quarter ended December 31, 2016, Louisiana-Pacific Corporation (LP) reported net sales of $550 million, up from $463 million in the 4Q 2015. For the 4Q, the company reported operating income of $56 million as compared to income of $1 million in 2015.

For the 4Q 2016, LP reported income from continuing operations of $43 million, or $0.29 per diluted share, compared to a loss of $7 million, or $0.05 per diluted share for the 4Q 2015.

Adjusted EBITDA from continuing operations for the 4Q 2016 was $85 million compared to $34 million in the 4Q 2015.

For the year ended December 31, 2016, LP reported net sales of $2.2 billion. For the year ended 2016, the company reported an operating income of $204 million compared to a loss of $63 million in 2015.

For 2016, LP reported an income from continuing operations of $150 million, or $1.03 per diluted share, compared to a loss of $86 million, or $0.60 per diluted share, for 2015. Adjusted EBITDA from continuing operations for the year was $346 million compared to $67 million for 2015.

“Our 4Q ended very strong which added to an outstanding 2016 for LP,” said Curt Stevens, CEO. “Siding revenues were nearly 20% higher in 4Q of this year compared to 4Q of last year while adjusted EBITDA for this business was over 50% higher. Coupled with over a 400% increase in OSB earnings this quarter compared to last year, the full year ended with an 18% increase in revenues, an EPS from continuing operations of $1.03 and adjusted EBITDA of $346 million.”

Louisiana-Pacific Corporation is a leading manufacturer of qualityengineered wood buildingmaterials including OSB,structural framing products,and exterior siding.