Louisiana-Pacific's net income shot up to over five times its 2012 totals in 2013, even though the company posted a loss in the fourth quarter.
Net sales for the quarter ended Dec. 31 were $479.7 million, up from year-ago figures of $453.9 million. For the full year, sales were up 23.3% at $2.09 billion.
Net income for LP came in at a loss of $20.4 million for the quarter, compared to 2012's fourth-quarter income of $46.1 million. However, LP more than made up for it over the course of 2013, generating $177.1 million in income over 2012's $28.8 million.