Louisiana-Pacific Reports 1Q Loss

Nashville, TN, April 26, 2007–Louisiana-Pacific in the first quarter posted a loss of $37 million, or $0.36 per diluted share, compared to net income of $84 million, or $0.79 per diluted share, a year earlier. Income from continuing operations a year ago was $85 million, or $0.80 per share.

Analysts had expected the company to post a loss of $0.39 per share.

The company reported sales of $406 million, off from $678.3 million of a year ago.

The company lost money in its oriented strand board unit, where pricing was nearly 50 percent lower than a year ago and costs were impacted by railroad work interruptions, Louisiana-Pacific Chief Executive Rick Frost said.

“I do not see this market improving substantially for the rest of 2007,” Frost said in a statement.