For the 2Q 2019, Louisiana-Pacific Corporation (LP) reported net sales of $588 million, down from $811 million in the 2Q 2018. For the 2Q 2019, LP reported net income of $17 million, or $0.14 per diluted share, compared to $163 million, or $1.11 per diluted share, for the 2Q 2018, as the company said in the press release received by Lesprom Network.
Adjusted EBITDA for the 2Q 2019 was $53 million compared to $242 million in the 2Q 2018. Declines in OSB pricing in all North American operations had a negative impact on LP's operating results of $166 million for the quarter ended June 30, 2019.
For the first six months of 2019, LP reported net sales of $1.2 billion, down from $1.5 billion in the same period of 2018.
LP reported net income attributed to LP of $44 million, or $0.34 per diluted share, compared to $254 million, or $1.73 per diluted share, for the same period of 2018.
Adjusted EBITDA for the first six months of 2019 was $111 million compared to $401 million in the same period of 2018.
Louisiana-Pacific Corporation (LP) is a leading provider of high-performance building solutions.
