RTTNews | Nov 3, 2020 06:18AM EST

06:17 Tuesday, November 3, 2020 (RTTNews.com) - Louisiana-Pacific Corp. (LPX) reported that its net income attributed to the company for the third quarter of 2020 increased to $177 million or $1.57 per share from $2 million or $0.02 per share in the previous year.

In addition to the increase in OSB pricing and SmartSide growth, wood fiber and resin costs were favorable in the quarter by $9 million compared to the same period in 2019.

Adjusted earnings per share for the third quarter was $1.56 compared to $0.08 in the third quarter of 2019.

Total net sales for the third quarter of 2020 increased by $192 million to $795 million compared to the third quarter of 2019.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.45 per share and revenues of $753.09 million. Analysts' estimates typically exclude special items.

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