OSB Leads LP Sales

Third quarter net sales for Louisiana-Pacific Corporation (LP) rose 32 per cent to $795 million from net sales of $603 million in the third quarter of 2019. It also posted a net income of $177 million, up from a net income of $2 million during the same period a year ago. Sales in siding segment increased 10 per cent to $268 million and oriented strand board (OSB) sales rose 87 per cent to $368 million during the period, driven by higher selling prices. Engineered wood products (EWP) sales decreased by two per cent to $103 million.