L-P reports strong results
3 Nov 2020
Louisiana-Pacific Corporation (NYSE: LPX) reported total third quarter net sales increased by 32 percent to $795 million. Revenue from LP’s SmartSide, which is made in Two Harbors and Tomahawk, increased by 22 percent to $260 million – 19 percent higher sales volume and 3 percent higher prices.
The company’s OSB segment reported an 87 percent increase to $368 million, with 97 percent higher prices offset by 5 percent lower sales volume. L-P manufactures OSB in Hayward.
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