UPDATE: BMO Capital Downgrades Louisiana-Pacific Corp (LPX) and Norbord (OSB) to Market Perform
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LP Reports Second Quarter 2016 Results
August 4, 2016 6:55 AM EDTNASHVILLE, Tenn.--(BUSINESS WIRE)-- Louisiana-Pacific Corporation (LP®) (NYSE: LPX) reported results today for the second quarter of 2016, which included the following:
Sales for the second quarter of $582 million were higher by 18 percent compared to the year ago quarter. Income from continuing operations was $32 million ($0.22 per diluted share). Non-GAAP adjusted income from operations was $40 million ($0.28 per diluted share). Adjusted EBITDA from operations for the second quarter was $99 million compared to $16 million in the second quarter of 2015.... More