For the year ending Dec. 31, the company reported a loss from operations of $8 million as compared to a loss in 2009 of $133 million.
LP CEO Rick Frost said the company has taken advantage of home repair and remodeling, siding sales and international customers to strengthen sales this year.
The company reported net sales in 2010 of $1.4 billion, up from $1.1 billion in 2009 sales.
Company officials said they foresee an uptick in new housing construction this year that will further stabilize revenue.
Looking into 2011, we see housing starts improving by 15-20 percent and anticipate continued recovery of repair and remodeling activity, Frost said.
LP operates eight OSB facilities, but the company reports it has indefinitely curtailed work at two other OSB facilities. The company manufactures wood products for home, industrial and commercial construction.
Altogether the company operates 24 facilities in four countries.Comments | Share your thoughts »Related StoriesMore Business headlinesSluggish home-building market sends LP to quarterly lossJanuary deficit grows by $50B, on pace for $1.5TMitsubishi expected to build $200M plant in MemphisMortgage default notices drop in JanuarySelected for you by a sponsor:ADVERTISEMENT
Top Stories10 snowiest cities in the Southern United States- Hunting in yards scares neighbors- Jubilant Egyptians sing, dance in celebration of resignation- Hillsboro parent sues Metro Schools for bullying against daughter - See all Top Stories
Most PopularHunting in yards scares neighborsUT firing proved to be best thing for BattleMunchak discusses Titans job with another ex-OilerDavid Climer: Fisher deal may have a playoff payoff for PredsWeekend forecast: Sunny and warm, but winter's not over yet
Snowiest Southern Cities 2010-11
Carrie Underwood & Mike Fisher
Nashvillians share opinions on airport
Most CommentedLegislative support grows for wine sales in Tennessee grocery stores70Hunting in yards scares neighbors62Vanderbilt finishes plays, polishes off Alabama55ADVERTISEMENT
5th & Main condos in East Nashville to be auctionedReal Estate Outlook: Small Gains