Nov 05, 2013. /Lesprom Network/. Louisiana-Pacific Corporation (LP) reported results for the 3Q 2013. Total sales for the 3Q of $507 million were higher by 10% compared to the year ago quarter. Adjusted EBITDA from continuing operations for the 3Q was $65 million compared to $75 million in the 3Q 2012, as the company said in the press release received by Lesprom Network. 

For the 3Q 2013, LP reported income from continuing operations of $38 million, or $0.26 per diluted share, as compared to $31 million, or $0.22 per diluted share for the 3Q 2012.

“Each of our business segments generated positive adjusted EBITDA in the quarter,” CEO Curt Stevens said. “OSB prices continued to decline in the quarter which hurt our earnings while Siding and South America had better results than the same quarter last year.”

“We saw the pace of improvement in the housing market slow over the summer,” Stevens continued. “However, the pace of permit activity, builder confidence and a slightly better economy should allow housing starts to grow in coming quarters.”

Louisiana-Pacific Corporation is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction.