LP reports strong Q1
Louisiana-Pacific reported net sales of $538 million, an increase from $362 million in the first quarter of 2012. For the first quarter of 2013, LP reported income from continuing operations of $65 million, compared with a loss from continuing operations of $11 million for the first quarter of 2012.
“LP’s strong financial results were driven by a broad recovery of building activity across all regions of the U.S., which led to improved demand for our products and increased OSB pricing,” CEO Curt Stevens said. “In addition, our South America segment continued to perform well.”
The OSB segment reported net sales for the first quarter of 2013 of $287 million, an increase from $149 million of net sales in the first quarter of 2012. For the first quarter of 2013, the OSB segment reported operating income of $98 million compared with break-even results in the first quarter of 2012.
The Siding segment reported net sales of $134 million in the first quarter of 2013, an increase of 18 percent from $113 million in the year-ago first quarter. For the first quarter of 2013, the Siding segment reported operating income of $21 million compared to $17 million in the year-ago quarter.
EWP sales in the first quarter of 2013 totaled $63 million, an increase from $49 million reported a year ago. Operating losses were $4 million for the first quarter of 2013 compared to $3 million in the first quarter of 2012.
“I am confident that all of the work we have done to prepare for the housing upturn will allow us to meet customer demand,” added Stevens.
Perennial Wood adds Northeast dealers
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Kingsport, Tenn.-based Perennial Wood, maker of modified, real wood product added to its distribution network three dealers in Massachusetts and one in Rhode Island.
The company announced the following new dealers, which are serviced by the distributor Boston Cedar:
- Humphrey Building Supply, Tiverton, R.I.
- Timberline Enterprises, Gloucester and Newburyport, Mass.
- Shrewsbury Lumber, Worcester, Mass.
- Marine Home Center, Nantucket, Mass.
“We are pleased to expand our offering in the Northeast,” said Jim Flickinger, market development manager for Perennial Wood decking. “These new dealers are experienced at marketing to our brand’s target customers and are well respected for providing top quality building products and reliable service.”
Distributor Snavely Forest Products and Lowe’s also carry Perennial Wood.
In New Jersey, a good idea for a show
Somerset, N.J. — For an LBM show in its third year of existence, the IDEAS Lumber and Building Material Trade Show held here at the Garden State Exhibit Center is doing pretty well.
There was a waiting list for exhibitors, and some 800 dealers, architects, contractors, installers, builders and tradesmen of any stripe were pre-registered to attend. And that’s not counting the sizeable walk-in traffic for the May 2 event.
“We have some momentum going now, which is great,” said Keith Coleman, one of the show’s organizers and the president of Hamilton Building Supply. “Just about all exhibitors will be back next year. It’s cost effective and a good return on investment.
IDEAS are initials for Independent Dealers Education Association Series. The show is heavily supported by the Eastern Building Material Dealers Association (EBMDA) and the NJMDA.
The third IDEAS show broke the exhibitor record — 116 companies with about 140 booths.
The success of the young event certainly wasn’t hurt by the fact that the building industry is percolating again after an historic housing downturn.
“There’s a healthy anticipation of what’s to come,” Coleman said. “It really hasn’t come yet in this region. We’ve lagged the rest of the country. But it’s around the bend. You can start to feel it. We’re hopeful.“