For the 4Q ended December 31, 2018, Louisiana-Pacific Corporation (LP) reported net sales of $589 million, 17% lower than prior quarter in the 4Q 2017. Adjusted EBITDA for the 4Q 2018 was $65 million, compared to $203 million in the 4Q 2017, as the company said in the press release received by Lesprom Network.
For the 4Q 2018, LP reported net income of $17 million, or $0.12 per diluted share, compared to $131 million, or $0.89 per diluted share, for the 4Q 2017.
For the year ended December 31, 2018, LP reported net sales of $2.8 billion, up 3% from 2017. For the year, the company reported operating income of $526 million, compared to operating income of $533 million in 2017.
For 2018, LP reported net income of $395 million, or $2.73 per diluted share, compared to income of $390 million, or $2.66 per diluted share, for 2017. Adjusted EBITDA for 2018 was $660 million compared to $678 million for 2017.
“2018 was a strong year for LP. Although our 4Q results were impacted by increasing macro environment headwinds as well as a number of headwinds that we believe to be temporary, we continued to produce positive results from our strategic transformation into a leading building solutions company,” said Brad Southern, LP CEO. “Our full year performance reflects the progress we are making against our key growth initiatives, and we are especially pleased with our 12% growth in SmartSide strand sales and our continued volume growth in value-added OSB to 38% of total OSB sold."
Louisiana-Pacific Corporation is a leading building solutions company.