Louisiana Pacific Posts Third Quarter Loss

Nashville, TN, October 29, 2007--Louisiana Pacific reported a third-quarter of $67.8 million, or $0.65 per share, after earning $9.5 million, or $0.09 per share, in the year-ago period.

Excluding businesses no longer operated, the loss was $54.6 million, or $0.52 per share.

Analysts expected a loss of $0.17 per share.

Sales at the company were off 10% to $472.5 million from $527 million last year, but exceeded Wall Street's estimate for $452.7 million.

"Both the continued deterioration in the market for new residential construction and the rising Canadian dollar drove our third-quarter operating results down," said Chief Executive Rick Frost.