Louisiana-Pacific reports 4Q net sales of $459 million
Feb 08, 2013. For the 4Q ended December 31, 2012, Louisiana-Pacific Corporation reported net sales of $459 million, up from $312 million in the 4Q 2011. For the 4Q, the company reported operating income of $47 million as compared to an operating loss in the 4Q 2011 of $26 million.
Feb 08, 2013. /Lesprom Network/. For the 4Q ended December 31, 2012, Louisiana-Pacific Corporation (LP) reported net sales of $459 million, up from $312 million in the 4Q 2011. For the 4Q, the company reported operating income of $47 million as compared to an operating loss in the 4Q 2011 of $26 million, as the company said in a press release received by Lesprom Network.
For the 4Q 2012, LP reported income from continuing operations of $49 million, or $0.34 per diluted share, as compared to a loss from continuing operations of $57 million, or $0.42 per diluted share, for the 4Q 2011. Adjusted EBITDA from continuing operations for the 4Q 2012 was $71 million compared to a loss of $12 million in the 4Q 2011.
Adjusted EBITDA from continuing operations for the 4Q was $71 million compared to a loss of $12 million in the 4Q 2011. For the year, EBITDA from continuing operations was $203 million compared to a loss of $5 million the previous year.
“We are very pleased that LP is reporting both a profitable 4Q and a profitable 2012,” said CEO Curt Stevens. “The U.S. housing recovery picked up momentum in the 4Q, with annual housing starts at a seasonally adjusted rate of 954,000 in December. This increase in demand resulted in better OSB pricing and good performance in our Siding segment.”
For the year ended December 31, 2012, LP reported net sales of $1.7 billion compared to $1.4 billion in 2011. For the year ended 2012, the company reported operating income of $107 million as compared to an operating loss in 2011 of $140 million.
For 2012, LP reported income from continuing operations of $32 million, or $0.22 per diluted share, as compared to a loss of $172 million, or $1.29 per diluted share, for 2011. Adjusted EBITDA from continuing operations for the year was $203 million compared to a loss of $5 million for 2011.
LP is a premier supplier of building materials, delivering innovative, high-quality commodity and specialty products to its retail, wholesale, homebuilding and industrial customers.