SIDING SEGMENTLP's Siding segment consists of 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 $134 million in the third quarter of 2012, an increase of 20 percent from $112 million in the year-ago third quarter. For the third quarter of 2012, the Siding segment reported operating income of $20 million compared to $12 million in the year-ago quarter. For the third quarter, LP reported $24 million in adjusted EBITDA from continuing operations for this segment, an increase of $9 million compared to the third quarter of 2011. The increase in OSB sales prices sold in this segment accounted for approximately $4 million increase in both operating results and adjusted EBITDA from continuing operations.
LP Reports Third Quarter 2012 Results
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