LP Reports Third Quarter 2004 Profits
NASHVILLE, Tenn.--(BUSINESS WIRE)--Oct. 27, 2004--Louisiana-Pacific Corporation (LP) (NYSE: LPX) today reported third quarter net income of $108 million, or $0.98 per diluted share, on sales from continuing operations of $741 million. In the third quarter of 2003, LP's net income was $125 million, or $1.17 per diluted share, on sales from continuing operations of $671 million. For the first nine months of 2004, LP reported net income of $407 million, or $3.72 per diluted share, on sales from continuing operations of $2.3 billion compared to net income of $108.7 million, or $1.03 per diluted share, on sales from continuing operations of $1.6 billion for the first nine months of 2003.
For the third quarter of 2004, income from continuing operations was $106 million, or $0.96 per diluted share. In the third quarter of 2003, LP's income from continuing operations was $110 million, or $1.04 per diluted share. For the first nine months of 2004, income from continuing operations was $408 million, or $3.72 per diluted share. For the first nine months of 2003, income from continuing operations before cumulative effect of accounting principle was $122 million, or $1.15 per diluted share.
"We had another strong quarter, as housing and remodeling markets continued to drive healthy demand for all our building products," said Mark Suwyn, LP's chairman and CEO. "Each of our segments recorded year-over-year sales growth in the quarter and generated operating profits. This is particularly key as we have faced significant cost increases from energy, oil-based resins and the strengthening Canadian dollar."
"LP has completed steps to focus on four primary business segments and is now investing to grow and continuously improve our plants and operations. These efforts are backed by a strong balance sheet. I will retire October 31, 2004, with the company in a very strong position and look forward with confidence as Rick Frost and the LP management team further build on that position," Suwyn concluded.
"I am very excited to have this opportunity with our management team consolidated here in Nashville," said Rick Frost, LP's incoming CEO. "The overall fundamentals in our markets continue to remain strong: low interest rates, robust housing starts and increasing repair and remodeling activity." Frost continued, "LP will be taking about 80 days of downtime in our OSB mills to implement previously announced capital projects and perform needed maintenance on mills that have been running very hard during the building season. This timing is appropriate as we expect the usual seasonal slowdown in demand."
At 11:00 a.m. EDT (8:00 a.m. PDT) today, LP will host a webcast on its third quarter 2004 financial results. To access the live webcast and accompanying presentation, visit www.lpcorp.com and go to the "Investor Relations" section from the main menu.
LP is a premier supplier of building materials, delivering innovative, high-quality commodity and specialty products to its retail, wholesale, homebuilding and industrial customers. Visit LP's web site at www.lpcorp.com for additional information on the company.
FORWARD LOOKING STATEMENTS
This news release contains statements concerning Louisiana-Pacific Corporation's (LP) future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters addressed in these statements are subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, including the level of interest rates and housing starts, market demand for the company's products, and prices for structural products; the effect of forestry, land use, environmental and other governmental regulations; the ability to obtain regulatory approvals; and the risk of losses from fires, floods and other natural disasters. These and other factors that could cause or contribute to actual results differing materially from those contemplated by such forward-looking statements are discussed in greater detail in the company's Securities and Exchange Commission filings.
LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES
FINANCIAL AND QUARTERLY DATA
(Dollar amounts in millions, except per share amounts) (Unaudited)
Quarter Ended Nine Months Ended
-----------------------------------
September September
30, 30,
-----------------------------------
2004 2003 2004 2003
-----------------------------------
Net sales $740.5 $670.7 $2,261.1 $1,550.4
Income (loss) before taxes and
equity in earnings of
unconsolidated affiliates $179.0 $197.8 $649.9 $220.5
Income from continuing operations
before cumulative effect of
change in accounting principle
excluding (gain) loss on sale
or impairment of long-lived
assets, other operating credits
and charges, net and loss on
early extinguishment of debt $117.6 $101.0 $456.1 $102.1
Income (loss) from continuing
operations before cumulative
effect of change in accounting
principle $106.3 $110.4 $407.9 $121.5
Net income (loss) $108.1 $124.5 $407.0 $108.7
Net income (loss) per share -
basic $0.99 $1.18 $3.76 $1.04
-diluted $0.98 $1.17 $3.72 $1.03
Average shares outstanding (in
millions)
Basic 109.6 105.1 108.2 105.1
Diluted 110.7 106.3 109.5 105.5
Calculation of income from continuing operations before cumulative effect of change in accounting principle excluding gain or loss on sale or impairment of long-lived assets, other operating credits and charges, net and loss on early extinguishment of debt:
Income from continuing operations
before cumulative $106.3 $110.4 $407.9 $121.5
effect of change in accounting
principle
(Gain) loss on sale or impairment of
long-lived assets 2.7 (22.5) 12.5 (64.2)
Other operating credits and charges,
net 15.5 5.7 24.6 31.1
Loss on early extinguishment of debt 0.2 1.5 41.5 1.5
------- ------- ------- -------
18.4 (15.3) 78.6 (31.6)
Provision (benefit) for income taxes 7.1 (5.9) 30.4 (12.2)
------- ------- ------- -------
11.3 (9.4) 48.2 (19.4)
------- ------- ------- -------
$117.6 $101.0 $456.1 $102.1
======= ======= ======= =======
Per share - basic $1.07 $0.96 $4.22 $0.97
diluted $1.06 $0.95 $4.17 $0.97
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES
(Dollar amounts in millions, except per share amounts) (Unaudited)
Quarter Ended Nine Months Ended
September 30, September 30,
-----------------------------------
2004 2003 2004 2003
------- ------- --------- ---------
Net Sales $740.5 $670.7 $2,261.1 $1,550.4
OPERATING COSTS AND EXPENSES
Cost of sales 462.3 399.4 1,286.1 1,101.6
Depreciation, amortization and
cost of timber harvested 39.9 33.3 105.4 96.8
Selling and administrative 39.6 42.5 124.8 119.0
(Gain) loss on sale or
impairment of long lived
assets 2.7 (22.5) 12.5 (64.2)
Other operating credits and
charges, net 15.5 5.7 24.6 31.1
------- ----------------- ---------
Total operating costs and
expenses 560.0 458.4 1,553.4 1,284.3
------- ----------------- ---------
Income from operations 180.5 212.3 707.7 266.1
------- ------- --------- ---------
NON-OPERATING INCOME (EXPENSE)
Foreign currency exchange gain
(loss) 1.8 0.9 2.9 (0.8)
Loss on early extinguishment of
debt (0.2) (1.5) (41.5) (1.5)
Interest expense (14.4) (22.0) (49.8) (67.2)
Interest income 11.3 8.1 30.6 23.9
------- ------- --------- ---------
Total non-operating income
(expense) (1.5) (14.5) (57.8) (45.6)
------- ------- --------- ---------
Income before taxes and equity in
earnings of
unconsolidated affliates 179.0 197.8 649.9 220.5
Provision for income taxes 73.2 88.1 243.8 99.3
Equity in (earnings) loss of
unconsolidated affliates (0.5) (0.7) (1.8) (0.3)
------- ------- --------- ---------
Income from continuing operations
before cumulative
effect of change in accounting
principle 106.3 110.4 407.9 121.5
------- ------- --------- ---------
DISCONTINUED OPERATIONS
Income (loss) from discontinued
operations 3.0 22.8 (1.4) (20.7)
Provision (benefit) for income
taxes 1.2 8.7 (0.5) (7.8)
------- ------- --------- ---------
Income (loss) from discontinued
operations 1.8 14.1 (0.9) (12.9)
------- ------- --------- ---------
Income (loss) before cumulative
effect of change in accounting
principle 108.1 124.5 407.0 108.6
Cumulative effect of change in
accounting principle - - - 0.1
------- ------- --------- ---------
Net income (loss) $108.1 $124.5 $407.0 $108.7
======= ======= ========= =========
Net income (loss) per share of
common stock:
Income (loss) from continuing
operations $0.97 $1.05 $3.77 $1.16
Income (loss) from discontinued
operations 0.02 0.13 (0.01) (0.12)
Cumulative effect of change in
accounting principle - - - -
------- ------- --------- ---------
Net Income (Loss) Per Share -
Basic $0.99 $1.18 $3.76 $1.04
======= ======= ========= =========
Net income (loss) per share of
common stock:
Income (loss) from continuing
operations $0.96 $1.04 $3.72 $1.15
Income (loss) from discontinued
operations 0.02 0.13 - (0.12)
Cumulative effect of change in
accounting principle - - - -
------- ------- --------- ---------
Net Income (Loss) Per Share -
Diluted $0.98 $1.17 $3.72 $1.03
======= ======= ========= =========
Average shares of common stock
outstanding (in millions) -
Basic 109.6 105.1 108.2 105.1
======= ======= ========= =========
-
Diluted 110.7 106.3 109.5 105.5
======= ======= ========= =========
CONDENSED CONSOLIDATED BALANCE SHEETS
LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES
(Dollar amounts in millions) (Unaudited)
September
30, 2004
----------
ASSETS
Cash and cash equivalents $843.1
Short term investments 303.6
Receivables,
net 175.6
Inventories 197.7
Prepaid expenses 15.7
Deferred income taxes 35.3
Current assets of discontinued operations 11.0
---------
Total current assets 1,582.0
Timber and timberlands
Forest
licenses 80.0
Deposits and other 12.4
---------
Total timber and timberlands 92.4
Property, plant and equipment 1,805.1
Accumulated depreciation (1,044.0)
---------
Net property, plant and equipment 761.1
Goodwill 276.7
Other intangible assets 24.5
Notes receivable from asset sales 403.9
Long-term investments 35.4
Restricted
cash 66.7
Other assets 128.6
Long-term assets of discontinued operations 35.2
---------
Total assets $3,406.5
=========
LIABILITIES AND EQUITY
Current portion of long-term debt $171.1
Accounts payable and accrued liabilities 246.9
Current portion of contingency reserves 15.0
---------
Total current liabilities 433.0
Long-term debt, excluding current portion:
Limited recourse notes payable 396.5
Other long-term debt 237.8
---------
Total long-term debt, excluding current portion 634.3
Contingency reserves, excluding current portion 41.3
Other long-term liabilities 79.5
Deferred income taxes 474.2
Commitments and contingencies
Stockholders' equity:
Common stock 116.9
Additional paid-in capital 426.3
Retained earnings 1,403.3
Treasury stock (130.0)
Accumulated comprehensive loss (72.3)
---------
Total stockholders' equity 1,744.2
---------
Total liabilities and equity $3,406.5
=========
December
31, 2003
---------
ASSETS
Cash and cash equivalents $925.9
Short term investments -
Receivables,
net 136.2
Inventories 177.5
Prepaid expenses 11.1
Deferred income taxes 51.7
Current assets of discontinued operations 22.8
---------
Total current assets 1,325.2
Timber and timberlands
Forest
licenses 83.3
Deposits and other 11.5
---------
Total timber and timberlands 94.8
Property, plant and equipment 1,778.3
Accumulated depreciation (988.2)
---------
Net property, plant and equipment 790.1
Goodwill 276.7
Other intangible assets 26.6
Notes receivable from asset sales 403.9
Long-term investments -
Restricted
cash 110.7
Other assets 121.1
Long-term assets of discontinued operations 55.3
---------
Total assets $3,204.4
=========
LIABILITIES AND EQUITY
Current portion of long-term debt $8.3
Accounts payable and accrued liabilities 251.3
Current portion of contingency reserves 43.0
---------
Total current liabilities 302.6
Long-term debt, excluding current portion:
Limited recourse notes payable 396.5
Other long-term debt 624.2
---------
Total long-term debt, excluding current portion 1,020.7
Contingency reserves, excluding current portion 55.6
Other long-term liabilities 106.9
Deferred income taxes 407.7
Commitments and contingencies
Stockholders' equity:
Common stock 116.9
Additional paid-in capital 442.3
Retained earnings 1,018.1
Treasury stock (195.2)
Accumulated comprehensive loss (71.2)
---------
Total stockholders' equity 1,310.9
---------
Total liabilities and equity $3,204.4
=========
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES
(Dollar amounts in millions) (Unaudited)
Nine Months
Ended
September 30,
--------------
2004 2003
--------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $407.0 $108.7
Adjustments to reconcile net income to net cash
provided (used in) by operating activities:
Depreciation, amortization and cost of timber harvested 107.0 104.6
(Gain) loss on sale or impairment of long-lived assets 22.7 (46.5)
Loss on early debt extinguishment 41.5 1.5
Exchange (gain) loss on remeasurement (4.4) 9.4
Other operating charges and credits, net 14.2 37.7
Increase in contingency reserves 5.1 7.9
Cash settlement of contingencies (47.6) (43.7)
Cumulative effect of change in accounting principle - 0.1
Pension payments (41.1) (26.8)
Pension expense 12.2 10.3
Other adjustments, net 5.5 6.6
Increase in receivables (35.3) (62.5)
(Increase) decrease in inventories (8.3) 22.3
Decrease in prepaid expenses (4.7) (3.3)
(Increase) decrease in accounts payable and accrued
liabilities (13.6) 21.4
Increase in deferred income taxes 84.3 81.1
--------------
Net cash provided by operating activities 544.5 228.8
--------------
CASH FLOWS FROM INVESTING ACTIVITIES:
Property, plant and equipment additions (91.2) (46.6)
Proceeds from timber & timberland sales, net - 66.5
Proceeds from asset sales 16.1 31.9
Investment in joint ventures (12.7) (1.6)
Decrease in restricted cash from asset sales - 37.1
Proceeds of sales of investments 185.0 -
Cash paid for purchase of investments (523.5) -
Return of capital from unconsolidated subsidiary - 104.8
Other investing activities, net (0.2) (1.8)
--------------
Net cash (used in) provided by investing activities (426.5) 190.3
--------------
CASH FLOWS FROM FINANCING ACTIVITIES:
Net repayments under revolving credit facilities (4.5) (31.0)
Repayment of long-term debt (259.2) (55.2)
Sale of common stock under equity plans 40.0 9.2
Payment of cash dividends (21.8) -
Purchase of treasury shares (2.0) -
Decrease in restricted cash under LOCs 44.0 (99.4)
Other financing activities, net 0.5 0.6
--------------
Net cash used in financing activities (203.0)(175.8)
--------------
EFFECT OF EXCHANGE RATE ON CASH: 2.2 1.2
--------------
Net increase (decrease) in cash and cash equivalents (82.8) 244.5
Cash and cash equivalents at beginning of period 925.9 137.3
--------------
Cash and cash equivalents at end of period $843.1 $381.8
==============
LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES
SELECTED SEGMENT INFORMATION
(Dollar amounts in millions) (Unaudited)
Quarter Ended Nine Months Ended
September 30, September 30,
--------------------------------
2004 2003 2004 2003
--------------------------------
Net sales:
OSB $430.2 $402.9 $1,416.6 $826.6
Composite Wood Products 122.0 121.7 345.4 311.2
Plastic Building Products 67.2 56.3 182.6 156.5
Engineered Wood Products 112.4 80.4 293.3 210.1
Other 12.6 21.8 31.7 69.8
Less: Intersegment sales (3.9) (12.4) (8.5) (23.8)
--------------------------------
$740.5 $670.7 $2,261.1 $1,550.4
================================
Operating profit (loss):
OSB $198.4 $196.6 $761.2 $247.8
Composite Wood Products 19.8 23.4 53.1 44.0
Plastic Building Products 2.3 4.0 7.9 13.5
Engineered Wood Products 3.0 (0.7) 2.0 (1.5)
Other 0.8 (1.6) (1.6) 0.5
Other operating credits and charges,
net (15.5) (5.7) (24.6) (31.1)
Gain (loss) on sale or impairment of
long-lived assets (2.7) 22.5 (12.5) 64.2
General corporate and other expenses,
net (25.6) (26.2) (77.8) (71.3)
Foreign currency gains (losses) 1.8 0.9 2.9 (0.8)
Gain (loss) on early extinguishment of
debt (0.2) (1.5) (41.5) (1.5)
Interest income (expense), net (3.1) (13.9) (19.2) (43.3)
--------------------------------
Income before taxes and equity in
earnings
of unconsolidated affliates $179.0 $197.8 $649.9 $220.5
================================
LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES
NOTES TO FINANCIAL DATA
(Dollar amounts in millions, except per share amounts) (Unaudited)
1. Results of operations for interim periods are not necessarily
indicative of results to be expected for an entire year.
2. Other Operating Charges and Credits, Net: The major components
of "Other operating charges and credits, net" in the
Consolidated Statements Of Income for the quarter and nine
months ended September 30 and are reflected in the table below
and are described in the paragraph following the table:
Quarter Ended September 30, 2004 2003
--------------- ---------------
Pre-tax After Pre-tax After
tax tax
------- ------- ------- -------
Revisions to environmental contingency
reserves $0.4 $0.2 $- $-
Loss on energy contract - - (5.0) (3.1)
Charges associated with the corporate
relocation (5.1) (3.1) - -
Charges associated with CEO retirement (10.7) (6.6) - -
Other (0.1) (0.1) (0.7) (0.4)
------- ------- ------- -------
$(15.5) $(9.5) $(5.7) $(3.1)
======= ======= ======= =======
Nine Months Ended September 30, 2004 2003
--------------- ---------------
Pre-tax After Pre-tax After
tax tax
------- ------- ------- -------
Revisions to environmental contingency
reserves $2.1 $1.3 $(2.7) $(1.7)
Additions to product related
contingency reserves - - (6.7) (4.1)
Loss on energy contract - - (5.0) (3.1)
Charges associated with the corporate
relocation (9.5) (5.8) - -
Loss related to assets and liabilities
transferred
under contractual arrangement - - (16.0) (9.8)
Charges associated with CEO retirement (10.7) (6.6) - -
Increase in litigation reserves (6.0) (3.7) - -
Other (0.5) (0.3) (0.7) (0.4)
------- ------- ------- -------
$(24.6) $(15.1) $(31.1) $(19.1)
======= ======= ======= =======
In the second quarter of 2003, LP recorded a loss of $16.0 million ($9.8 million after taxes, or $0.09 per diluted share) related to assets and liabilities transferred under contractual arrangement due to the increase in a valuation allowance associated with notes receivable from Samoa Pacific, a loss of $6.7 million ($4.1 million after taxes, or $0.04 per diluted share) from increases in product related contingency reserves associated with the National OSB class action settlement and a loss of $2.7 million ($1.7 million after taxes, or $0.01 per diluted share) associated with environmental reserves in relation to our former Alaska operations.
In the third quarter of 2003, LP recorded a loss a loss of $5.0 million ($3.1 million after taxes, or $0.03 per diluted share) related to an energy contract associated with Samoa Pacific and a loss of $0.7 million ($0.4 million after taxes, or $0.00 per diluted share) on severance recorded as part of the divesture plan.
In the first quarter of 2004, LP recorded a gain of $1.7 million ($1.0 after taxes, or $0.01 per diluted share) associated with a reduction in environmental reserves in relation to our former Alaska operations, a charge of $6.0 million ($3.7 million after taxes, or $0.3 per diluted share) for an increase in litigation reserves due to an adverse court ruling and a charge of $2.0 million ($1.2 million after taxes, or $0.01 per diluted share) associated with the relocation and consolidation of LP's corporate offices to Nashville, Tennessee.
In the second quarter of 2004, LP recorded a charge of $2.4 million ($1.5 million after taxes, or $0.01 per diluted share) associated with the relocation and consolidation of LP's corporate offices to Nashville, Tennessee.
In the third quarter of 2004, LP recorded a charge of a charge of $5.1 million ($3.1 million after taxes, or $0.03 per diluted share) associated with the relocation and consolidation of LP's corporate offices to Nashville, Tennessee, a charge of $10.7 million ($6.6 million after taxes, or $0.6 per diluted share) associated with certain compensation arrangements impacted by Mr. Suwyn's retirement and a gain of $0.4 million ($0.2 million after taxes, or $0.00 per diluted share) associated with a reduction in environmental reserves in relation to our former Alaska operations.
3. Gain (Loss) on Sale or Impairment of Long-Lived Assets:
The major components of "Gain (loss) on sale or impairment of long-lived assets" in the Consolidated Statements Of Income for the quarter and nine months ended September 30 are reflected in the table below and are described in the paragraphs following the tables:
Quarter Ended September 30, 2004 2003
-------------- -------------
Pre-tax After Pre- After
tax tax tax
Gain on sales of timber $- $- $22.1 $13.5
Gain (loss) on other long-lived assets,
net 0.6 0.4 0.4 0.2
Impairment charges on fixed assets (3.3) (2.0)
------- ------ ------ ------
$(2.7) $(1.6) $22.5 $13.8
======= ====== ====== ======
Nine months ended September 30, 2004 2003
-------------- -------------
Pre-tax After Pre- After
tax tax tax
Gain on sales of timber $- $- $63.9 $39.2
Gain (loss) on other long-lived assets,
net 0.5 0.3 0.3 0.2
Impairment charges on fixed assets (13.0) (7.9) - -
------- ------ ------ ------
$(12.5) $(7.6) $64.2 $39.4
======= ====== ====== ======
In the first quarter of 2003, LP recorded a gain of $12.5 million ($7.7 million after taxes, or $0.07 per diluted share) associated with the sale of a portion of LP's timberlands as part of LP's divestiture plan.
In the second quarter of 2003, LP recorded a gain of $29.3 million ($17.9 million after taxes, or $0.17 per share) associated with the sale of a portion of LP's timberlands as part of LP's divestiture plan.
In the third quarter of 2003, LP recorded a gain of $22.1 million ($13.5 million after taxes, or $0.13 per diluted share) associated with the sale of a portion of LP's timberlands as part of LP's divestiture plan and a gain of $0.4 million ($0.2 million after taxes, or $0.00 per diluted share) associated with the sale of certain other assets.
In the first quarter of 2004, LP recorded a loss of $9.7 million ($6.4 million after taxes, or $0.05 per diluted share) on the cancellation of a capital project to build a veneer mill in British Columbia.
In the third quarter of 2004, LP recorded a loss of $2.8 million ($1.7 million after taxes, or $0.02 per diluted share) on a non-operating OSB mill and $0.5 million ($0.3 after taxes, or $0.00 per diluted share) additional expense associated with the on the cancellation of a capital project to build a veneer mill in British Columbia to reduce the values to the net realizable sale price for these assets and a gain of $0.6 million ($0.4 million after taxes, or $0.00 per diluted share) associated with the sale of certain other assets.
4. Cumulative Effect of Change in Accounting Principle:
LP adopted Statement of Financial Accounting Standards No. 143, "Accounting for Asset Retirement Obligations," as of January 1, 2003. This statement addresses the retirement of long-lived assets and the associated retirement costs. Under this statement, we will record both an initial asset and a liability for the present value of estimated costs of legal obligations associated with the retirement of long-lived assets. These initial assets will be depreciated over the expected useful life of the asset. Upon adoption of this statement, we changed our accounting for landfill closures, reforestation obligations associated with certain timber licenses in Canada and other assets. Implementation of this standard resulted in income of $0.2 million (or $0.1 million after taxes) recorded as a "cumulative effect of change in accounting principle" as of January 1, 2003.
LOUISIANA-PACIFIC CORPORATION AND SUBSIDIARIES
SUMMARY OF PRODUCTION VOLUMES
Quarter Ended Nine Months
September 30, Ended
September 30,
-------------- ---------------
2004 2003 2004 2003
------- ------ ------- -------
Oriented strand board, million square
feet 3/8" basis 1,424 1,367 4,186 3,840
Oriented strand board, million square
feet 3/8" basis
(produced by wood-based siding
mills) 16 86 24 201
Wood-based siding, million square feet
3/8" basis 269 183 784 604
Engineered I-Joist, million lineal feet 25 24 70 66
Laminated veneer lumber (LVL), thousand
cubic feet 3,131 2,593 9,021 7,349
Composite Decking, thousand lineal feet 12,709 6,943 29,161 23,387
Vinyl Siding, squares 816 759 2,219 2,061
CONTACT: Louisiana-Pacific Corporation, Nashville
Media Relations:
Mary Cohn, 615-986-5600
or
Investor Relations:
Mike Kinney or Becky Barckley, 615-986-5600
www.lpcorp.com
SOURCE: Louisiana-Pacific Corporation