Louisiana-Pacific Post 2Q Loss

Nashville, TN, July 25, 2007--Louisiana-Pacific reported a los in the second-quarter the result of the housing slump and lower prices.

The company posted a quarterly loss of $23 million, or $0.22 per share, compared with a year-earlier profit of $55 million, or $0.52 per share. The loss from continuing operations was $16 million, or $0.15 per share, versus income from continuing operations of $56 million, or $0.53 per share, in the 2006 quarter.

Sales declined nearly 28 % to $461 million from $637 million, Louisiana-Pacific said.

Analysts had forecast a quarterly loss of $0.31 per share and revenue of $442.9 million, on average.

"With new housing starts down compared to the same quarter last year, we saw lower demand for most of our building products and significantly lower oriented strand board prices," said Chief Executive Rick Frost. "Additionally, the strengthening of the Canadian dollar during the quarter had a negative impact on operating results and caused a foreign exchange loss related to our debt."