Content about Louisiana-Pacific

In a Dec. 3 filing with the Securities and Exchange Commission (SEC), Louisiana-Pacific (LP) announced it will receive a $20 million payment from Deutsche Bank Securities to settle a lawsuit between the two companies. Deutsche Bank Securities will pay the sum without admitting any liability or wrong-doing, and LP will dismiss the legal proceedings with prejudice. Each company will release the other from all claims and liabilities arising out of the sale and purchase of the auction rate securities.

Anchor Peabody, a private investment and financial advisory firm specializing in the U.S. building products and construction industry, has added Harold Stanton and Paul Haefcke to its advisory board.

Stanton is the former CEO of Pope & Talbot. His 40-year career in the wood products industry includes various executive leadership positions with Louisiana Pacific, International Paper and APA – The Engineered Wood Association.

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. 

Louisiana-Pacific reported a fourth-quarter net loss of $46.6 million, compared with a net loss of $6.8 million in the prior-year quarter. For the quarter ended Dec. 31, 2011, LP reported net sales of $312 million, down 1.3% from $316 million in the fourth quarter of 2010.

Louisiana-Pacific has posted a third-quarter net loss of $65.6 million, compared with a net loss of $32 million in the third quarter of 2010. Net sales for the quarter ended Sept. 30 totaled $351 million, up 8.7% from $323 million in the year-ago period.

To complement the baseball theme of its Grand Slam Power Challenge promotion at the National Hardware Show last month, Briggs & Stratton presented its catalog in the form of baseball cards. It featured a portrait of the product on the front, with stats and information on the back.


“We thought our customers might find them a bit more interesting and handy than a product catalog,” said Eric Loferski, director of marketing of Briggs & Stratton’s portable power and cleaning systems.


The idea may be catching on. 


Louisiana-Pacific (LP), one of the industry’s leading producers of oriented strand board (OSB), siding and engineered wood products, reported net sales of $332 million for the first quarter of 2011, a 12% increase over sales of $297 million in the same period of 2010. 

The company reported a loss from continuing operations of $23 million for the quarter, which ended March 31, reflecting no change from the $23 million loss in the first quarter of 2010.

Louisiana-Pacific CEO Rick Frost has a theory as to why the LBM industry isn't seeing more consolidation.

"It's over-simplistic and you've heard me say it and everybody laughs at me when I do, but there aren't any sissies left in this business," he said during the company's fourth-quarter earnings call. "Nobody wants to give up their shop and let somebody else own them. It's my opinion."

While still waiting for housing starts to improve, Louisiana-Pacific posted strong sales gains for the year and the quarter, while overseeing growth in engineered wood products, siding and OSB. 

Nashville, Tenn.-based LP posted fourth-quarter sales of $316 million, up 14% from the same quarter last year. However, losses from continuing operations were $2 million, compared with a $47 million loss in the prior-year quarter.