LUMBERYARDS

LP restates a larger loss for 2011

BY HBSDEALER Staff

Louisiana-Pacific Corp. reported that it has adjusted its 2011 results to reflect a wider loss in 2011.

After the adjustment, LP’s 2011 net loss was $181.3 million. On Feb. 7, LP reported a net loss of $170.7 million. 

The adjustment comes from a non-cash impairment charge related to its investment in its U.S. Greenfiber joint venture due to information received after the release of earnings.

The building product company said that on Feb. 24, 2012, it was notified that the valuation of this joint venture had decreased significantly based upon work being performed as part of Greenfiber’s annual audit. As a result of this, LP has adjusted its 2011 losses, which were previously reported in a press release dated Feb. 7, 2012.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
LUMBERYARDS

EPA fines lumber mill $108,000

BY HBSDEALER Staff

Sanders Wood Products Co. of Liberal, Ore., will pay more than $108,000 in penalties related to violation of PCB laws, according to an article in Salem-News.com.

The paper quoted Scott Downey, manager of the pesticides and PCBs unit in the Environmental Protection Agency’s Seattle office: "There are clear standards for how to manage toxic chemicals like PCBs so they don’t harm people or the environment. This dangerous family of chemicals accumulates in the body and can be extremely difficult and expensive to clean up."

The fines grew out of inspections back in 2009, according to the article. Sanders Wood Products has also certified it is currently meeting all requirements of the Toxic Substances Control Act at each of its facilities.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?
LUMBERYARDS

January sees gains in sales of existing homes

BY Ken Clark

Total existing-home sales, defined as completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 4.3% to a seasonally adjusted annual rate of 4.57 million in January from a downwardly revised 4.38 million-unit pace in December and are 0.7% above a spike to 4.54 million in January 2011.

The NAR figures were released Wednesday morning.

“The uptrend in home sales is in line with all of the underlying fundamentals — pent-up household formation, record-low mortgage interest rates, bargain home prices, sustained job creation and rising rents," said Lawrence Yun, NAR chief economist. 

Total housing inventory at the end of January fell 0.4% to 2.31 million existing homes available for sale, which represents a 6.1-month supply at the current sales pace, down from a 6.4-month supply in December.

keyboard_arrow_downCOMMENTS

Leave a Reply

l.leochalohm says:
May-22-2012 10:00 am

Your article shows tells me
Your article shows tells me you must have a lot of background in this topic. Can you direct me to other articles about this? I will recommend this article to my friends as well. Thanks http://www.bestbirthdaywishes.com/category/birthday-wishes/

r.rendommotion11 says:
May-19-2012 05:48 am

This is a well written
This is a well written article on this subject. I have been looking at starting a new business and this is valuable information to help me in my decision. Thank you. Greg

p.poootfastlest says:
May-12-2012 10:00 am

I am currently teaching a
I am currently teaching a class and part of the curriculum involves this subject matter. Do you have any other posts I can look at regarding this? custom air conditioning filters

f.keskin says:
Apr-12-2012 02:48 pm

Estetik cerrahi vücudun
Estetik cerrahi vücudun birçok bölgesinde gerçekleştirilebilir, örneğin yüz, göğüs ve karın. tamponsuz burun estetiği Günümüzde estetik ameliyat olmak utanılacak bir şey değildir. Aksine hem tıp alanında oluşan gelişmeler, hem de tüm dünyada insanların yaşam standartlarının yükselmesine bağlı olarak güzellik kavramının estetik cerrahi plastik cerrahi içinde bir yan daldır. plastik cerrahi , Estetik cerrahi vücut imajının daha güzel ve mükemmele ulaştırılmasını sağlamak için yapılan ameliyat ve girişimlerle uğraşır. Burada tıbbi bir problemden çok estetik problemler söz konusudur.

H.Daniels says:
Mar-06-2012 11:08 am

Yes the housing market is
Yes the housing market is rising, but for who and why. Many cities are having a economic crisis. Hidden money are being found, revenue and taxes growing utilites up but not the short term loans. Only the top 1% have money and they control everything else. Also why are cities pushing Historical District and that where low income live. Is this a take back the City at all cost or a control take over. This will all change as soon as the banks start getting rid of all those houses thay have been sitting on. I look for next year to be worse than this year.

D.Norton says:
Feb-24-2012 01:42 pm

"Sustained job creation?"
"Sustained job creation?" What is Mr. Yun smoking?

TRENDING STORIES

POLLS

How concerned are you that a trade war could hurt your business?