For the 4Q 2015, LP reported a loss from continuing operations of $7 million, compared to $43 million for the 4Q 2014.
Adjusted EBITDA from continuing operations for the 4Q 2015 was a positive $34 million compared to negative $17 million in the 4Q 2014.
“Our results this quarter were the best of the year as we saw both continuing growth in housing and improved OSB pricing,” said Curt Stevens, CEO. “For the quarter, all four of our business segments were EBITDA positive with OSB improving by almost $40 million compared to the same quarter last year.”
For the year ended December 31, 2015, LP reported net sales of $1.9 billion. For the year ended 2015, the company reported an operating loss of $63 million compared to $78 million in 2014.
For 2015, LP reported a loss from continuing operations of $86 million, compared to $73 million for 2014.
Adjusted EBITDA from continuing operations for the year was $67 million compared to $44 million for 2014.
LP is a premier supplier of building materials, delivering innovative, high-quality commodity and specialty products to its retail, wholesale, homebuilding and industrial customers.
