May 14, 2012. /Lesprom Network/. Louisiana-Pacific Corporation (LP) reported results for the 1Q 2012. For the quarter ended March 31, 2012, LP reported net sales of $362 million, an increase from $332 million in the 1Q 2011. For the 1Q, the company reported an operating loss of $2 million as compared to a loss of $18 million in the 1Q 2011. For the 1Q 2012, LP reported a loss from continuing operations of $11 million, or $0.08 per diluted share, as compared to a loss from continuing operations of $23 million, or $0.18 per diluted share for the 1Q 2011. Adjusted EBITDA from continuing operations for the 1Q was income of $21 million compared to income of $13 million in the 1Q 2011. Cash and cash equivalents were $281 million as of March 31, 2012. "All of our North American segments outperformed the same quarter last year,” said Curt Stevens, CEO. “For the first time in many years, the housing news has been positive and this was reflected in our results. Of particular note was the performance of our Siding segment where operating profit improved by more than 30% compared to the same quarter last year and more than doubled compared to last quarter.” “We are cautiously optimistic that housing activity is on the road to recovery,” Stevens said. “We are in an excellent position to capitalize on incremental demand with the resources in place to manufacture and deliver quality products to our customers.” LP is a premier supplier of building materials, delivering innovative, high-quality commodity and specialty products to its retail, wholesale, homebuilding and industrial customers.