Total sales for LP were 47% higher in Q4 at US$549m and 27% higher for the full year at US$1.7bn. EBITDA earnings for the year were US$203m, compared with a loss of US$5m in 2011.
LP is to restart operations at one of three mothballed OSB plants following sales of US$243m in the last three months of 2012, up 86%, with full-year sales up 50% to US$814m. Earnings before interest, tax, depreciation and amortisation (EBITDA) were US$166m, compared with a loss of US$18m in 2011.
Sales of siding products grew 25% in Q4 and 17% to US$501m for the full year. Engineered wood products were up 11% for the last three months and 5% to US$213m for the year.
