SIDING SEGMENTLP's Siding segment consists of LP SmartSide® siding as well as LP's prefinished CanExel® siding line. These products are used in new construction as well as in the repair and remodeling markets. The Siding segment reported net sales of $137 million in the second quarter of 2012, an increase of 16 percent from $119 million in the year-ago second quarter. For the second quarter of 2012, the Siding segment reported operating income of $19 million compared to $11 million in the year-ago quarter. For the second quarter, LP reported $24 million in adjusted EBITDA from continuing operations for this segment, an increase of $8 million compared to the second quarter of 2011.
LP Reports Second Quarter 2012 Results
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