Nov 06, 2012. /Lesprom Network/. For the quarter ended September 30, 2012, Louisiana-Pacific Corporation (LP) reported net sales of $468 million, an increase from $351 million in the 3Q 2011, as the company said in the press release received by Lesprom Network. For the 3Q, the company reported an operating income of $44 million as compared to a loss of $73 million in the 3Q 2011. For the 3Q 2012, LP reported income from continuing operations of $31 million, or $0.22 per diluted share, as compared to a loss from continuing operations of $59 million, or $0.44 per diluted share for the 3Q 2011. “LP is very pleased to report significantly better results as we were able to take advantage of an improving housing market in the quarter,” CEO Curt Stevens said. “With the increasingly favorable news in housing trends, we are optimistic that the market will continue to steadily recover.” “While housing signs look very favorable, we are certainly cognizant of potential headwinds including a slowing global economy, an uncertain political and fiscal environment and slow job creation,” Stevens continued. “Our plan is to do what is necessary to be ready to satisfy increasing demand for our products which emerges within this broader context and respond accordingly.” LP's OSB segment reported net sales for the 3Q 2012 of $227 million, an increase from $139 million of net sales in the 3Q 2011. The OSB segment reported 3Q operating income of $49 million compared with a loss of $16 million in the third quarter of 2011. The EWP segment is comprised of I-Joist (IJ), Laminated Veneer Lumber and Laminated Strand Lumber (LVL and LSL). These products are principally used in new construction. EWP sales in the 3Q 2012 totaled $62 million, an increase from a year ago. Operating losses were $3 million for both the 3Q 2012 and 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.