Louisiana Pacific Industries Sales Rise 48.6% over Q1 2012

NASDAQ says Louisiana Pacific Industries, Inc. (LPX) reports in the first quarter of 2013 adjusted earnings per share of $0.41 from continuing operations, in line with Zacks Consensus Estimate, and a strong turnaround from the six cent loss per share for the same period in 2012. Net sales for Q1 increased 48.6 percent year-over-year to $538 million, although Zacks had projected sales of $544 million. Pre-tax earnings were $121 million as opposed to $21 million for the first quarter of 2012. As MHProNews understands, LPX is a component supplier to the manufactured housing industry.

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