LP Building Products has received European Technical Approval (ETA) and CE approval, the industry standard for trading of construction materials throughout the European Union, for three grades of LP(R) SolidStart(R) LSL, allowing the company to introduce more alternatives to traditional timber and LVL into the European market. Engineered for consistency and strength, LP SolidStart LSL offers a host of advantages over traditional timber, including better fastener connections, straightness and increased design flexibility. The ETA and CE Approved products include: LP SolidStart LSL-Q Lite (1.35E); LP SolidStart LSL-Q (1.55E); and LP SolidStart LSL-G (1.75E). LP SolidStart LSL is available in standard thicknesses of 29mm, 32mm, 35mm, 38mm, 45mm and 89mm. It comes in depths up to 619mm.

Louisiana-Pacific Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $538 million, an increase from $362 million in the first quarter of 2012. Income from continuing operations was $65 million or $0.45 per diluted share compared to a loss from continuing operations of $11 million or $0.08 per diluted share for the first quarter of 2012. Net income was $65.3 million or $0.45 per diluted share compared to net loss of $11.3 million or $0.08 per diluted share reported a year ago. Income from operations was $89.2 million compared to loss from operations of $2.1 million reported a year ago. Income from continuing operations before taxes and equity in income of unconsolidated affiliates was $81.4 million compared to loss from continuing operations before taxes and equity in loss of unconsolidated affiliates of $10.6 million reported a year ago. Non-GAAP adjusted income from continuing operations was $58.6 million compared to Non-GAAP adjusted loss from continuing operations of $8.8 million reported a year ago. Net cash provided by operating activities was $16.8 million compared to net cash used in operating activities of $64.4 million reported a year ago. Property, plant and equipment additions were $13.2 million compared to $2.6 million reported a year ago. The company plans to spend approximately $70 million to $75 million for capital expenditures in 2013.

Louisiana-Pacific Corp., Q1 2013 Earnings Call, May 07, 2013