Content about Louisiana-Pacific Corp.

November 29, 2012
LP to Buy Canfor’s share in OSB joint venture

Louisiana-Pacific Corp. has entered into an agreement with Canfor Corp. to acquire Canfor’s 50% share in the Peace Valley Oriented Strand Board (OSB) joint venture in Fort St. John, British Columbia. By completing this acquisition, LP will become the sole owner of the Peace Valley OSB mill.

November 6, 2012
LP swings to profit

Louisiana-Pacific Corp. reported third-quarter sales of $467.8 million, a 33.4% increase over sales of $350.6 million in the same quarter a year ago.

Net income for the quarter, which ended Sept. 30, was $31.3 million, compared with a net loss of $65.6 million a year ago.

October 23, 2012
LP helps build mortgage-free homes for wounded veterans

Louisiana-Pacific Corp. is collaborating with Operation Finally Home to build mortgage-free homes for wounded veterans.

LP donated SmartSide product and PR support to a home built by New American Homes in Greater Chicago for U.S. Army Spc. Nick Mapson, who sustained debilitating injuries in Afghanistan. This included the Home Builders Association of Greater Chicago (HBAGC) with the National Association of Home Builders and the Chicago NFL Players Association Former Players Chapter.

August 1, 2012
Sales rise 18% at Louisiana-Pacific Corp.

Louisiana-Pacific Corp., one of the industry’s leading suppliers of oriented strand board (OSB) and other building materials, announced net sales of $428 million for its second fiscal quarter, an 18% hike over sales of $362.4 million in the same quarter a year ago.

July 12, 2012
LP amends credit agreement

Louisiana-Pacific Corp. has amended its 2009 revolving credit agreement with its lenders and Bank of America, the administrative agent, to release the liens on certain assets of the company and its subsidiaries. These include liens on all equipment and real estate of the Nashville, Tenn.-based company and its domestic subsidiaries.

May 8, 2012
Losses narrow at LP


Louisiana-Pacific Corp., one of the industry’s leading suppliers of oriented strand board and other building materials, announced net sales of $361.5 million for its first fiscal quarter of 2012, compared with $331.7 million during the same quarter a year ago. 

March 15, 2012
At LP, an executive change at the top

Louisiana-Pacific Corp. has announced the appointment of Curt Stevens as its new CEO, effective May 4. He will replace Rick Frost, who is retiring after seven years as chief executive. Frost will remain with the company until May 31 to aid in the transition.

February 29, 2012
LP restates a larger loss for 2011

Louisiana-Pacific Corp. reported that it has adjusted its 2011 results to reflect a wider loss in 2011.

After the adjustment, LP’s 2011 net loss was $181.3 million. On Feb. 7, LP reported a net loss of $170.7 million. 

The adjustment comes from a non-cash impairment charge related to its investment in its U.S. Greenfiber joint venture due to information received after the release of earnings.

October 17, 2011
LP announces fourth amendment to credit agreement

Louisiana-Pacific Corp. one of the industry’s leading suppliers of oriented strand board and other building materials, has announced a $100 million extension to its revolving credit agreement with its lenders and Bank of America, N.A., as administrative agent.

Among other changes, the fourth amendment:

August 24, 2011
LP to curtail OSB production

Louisiana-Pacific Corp. has announced that its Dawson Creek, B.C., mill will curtail production of oriented strand board (OSB) beginning Aug. 25. The mill will continue to manufacture LP TechShield Radiant Barrier Sheathing to support its customers' needs in West Coast markets. 

The Dawson Creek OSB mill was constructed in 1987 and currently employs 114 people. After winterization and preparations for press shutdown are completed, about 26 employees will be retained to operate the TechShield Radiant Barrier line, and maintain the plant and equipment. 

July 29, 2011
LP swings to loss

Louisiana-Pacific Corp., the Nashville, Tenn., wood products producer, reported sales of $362.4 million for its second fiscal quarter, a 19% drop from sales of $447.5 million during the same quarter last year. Net loss from continuing operations for the quarter, which ended June 30, was $33 million, compared with a net gain of $23.6 million a year ago.

September 27, 2010
Quanex elects Stevens to board

Curtis Stevens serves as EVP administration and CFO of Nashville, Tenn.-based building materials manufacturer Louisiana-Pacific...

December 1, 2008
LP announces cost-reduction measures

The Nashville, Tenn. building materials supplier will lay off 200 salaried workers and freeze expenditures...