Members Report Financial Results
CPA members recently reported 2016 fourth quarter financial results.
Louisiana Pacific Corporation, Nashville, TN, announced 2016 fourth quarter net sales of $550 million, up from $463 million in the comparable period in 2015. Fourth quarter operating income was $56 million as compared to income of $1 million in 2015. For 2016, net sales totaled $2.2 million. Annual operating income totaled $204 million compared to a loss of $63 million in 2015. For 2016, LP reported an income from continuing operations of $150 million, or $1.03 per diluted share, compared to a loss of $86 million, or $0.60 per diluted share, for 2015. Adjusted EBITDA from continuing operations for the year was $346 million compared to $67 million for 2015. See LP
Omnova Solutions, Fairlawn, OH, reported that fourth quarter (ending November 30, 2016) net sales fell $13 million to $187 million. Gross profit for the quarter rose $1.3 million to $49.1 million compared to $47.8 million in 2015. See Omnova
Weyerhaeuser, Seattle, WA, reported 2016 fourth quarter net earnings of $551 million on net sales of $1.6 billion, compared with net earnings of $59 million on net sales of $1.3 billion for the same period in 2015. For 2016, net earnings were $1.0 billion on net sales of $6.4 billion, compared to net earnings of $462 million on net sales of $5.2 billion for 2015. See Weyerhaeuser