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.
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