Louisiana-Pacific Results Fall

Sat., Dec. 23, 2000

From Staff

Louisiana-Pacific Corp. said Friday that fourth-quarter performance will be substantially below current First Call estimates.

Weak demand and soft pricing, coupled with plant closings and other production curtailments, will depress operating results, particularly from structural products such as oriented strand board, lumber and engineered wood products.

Sharply higher electricity and natural gas costs have also been a drag on operating results.

The company had earlier announced it would record an unusual charge of $25 million to $30million related to plant closures.

Company executives will discuss fourth-quarter and year-end results in a conference call scheduled for Jan. 29 at 8 a.m.

The numbers will be released earlier that day.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Louisiana-Pacific Results Fall

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Trump adds Iraq to special envoy Tom Barrack’s role in Syria

ICE agents to leave site of volatile protests at New Jersey detention center

Americans hurt in Kuwait as Trump sends mixed signals on war