For the 3Q 2017, Louisiana-Pacific Corporation (LP) reported net sales of $718 million, up from $596 million in the same quarter of 2016. 3Q 2017 income from continuing operations was $111 million, compared to $66 million for the 3Q 2016, as the company said in the press release received by Lesprom Network.
Adjusted EBITDA from continuing operations for the 3Q 2017 was $192 million compared to $111 million in the 3Q 2016.
“We had our strongest 3Q performance in 12 years,” said Brad Southern, CEO. “The key drivers to our earnings improvement for the quarter were OSB and siding pricing, as well as LP product mix and an increase in volume.”
For the nine months ended September 30, 2017, LP reported net sales of $2 billion, compared to $1.7 billion in the first nine months of 2016.
For the first nine months of 2017, LP reported income from continuing operations of $260 million, or $1.78 per diluted share, compared to $108 million, or $0.74 per diluted share, for the same period in 2016.
Adjusted EBITDA from continuing operations for the first nine months of 2017 was $468 million, compared to $262 million for 2016.
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.
