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Feb 27, 2023

LP Posts Fourth Quarter Loss

Louisiana-Pacific Corporation (LP) had net sales of $835 million for the fourth quarter of 2022, a decrease of 16 per cent compared to $705 million from the prior-year period. The siding segment had net sales of $386 million, a rise of 37 per cent compared to $281 million year over year, while the oriented strand board (OSB) segment saw net sales of $257 million, a loss of 45 per cent compared to $470 million from the year-ago period. Net loss was $11 million compared to $191 million in earnings from the year-ago period. 

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