LP Corporation Publishes 2016 4Q and Year-End Results

LP Corporation Publishes 2016 4Q and Year-End Results

Louisiana-Pacific (LP) Corporation is one of today’s leaders in engineered wood building materials. They have recently released their 2016 fourth quarter and year-end results. Krech Exteriors is proud to be a leading certified source for their top-quality siding products, such as their SmartSide™ line of siding products. We’re excited to report that the future’s looking bright for LP Corporation.

Increased Sales

LP Corporation CEO Curt Stevens reported significantly increased sales, with reported net sales of $550 million for the quarter ended December 31, 2016. This was an almost 20% increase from $463 million in Q4 2015. The reported net sales for the year ended 2016 was $2.2 billion. With the demand for housing steadily increasing, the LP Corporation CEO is confident that 2017 will see a continued upward trajectory in terms of sales.

What It Means for Contractors and Homeowners

Partnering with a siding manufacturer with a strong presence and financial status has several benefits to contractors and homeowners as well.

  • Continued availability – Financial reports typically don’t mean much at first glance unless you’re a stockholder, but they are nevertheless important. For one, they are an indicator that the company’s products will be available for the near foreseeable future. In case homeowners are planning for new siding from a specific product line like SmartSide, the project won’t be any delayed just because of material shortage.

  • Better products – LP Corporation has been producing quality products over the years, and with a positive outlook, you can expect continued product development. This means we can expect new and improved products and processes in the future.

  • Strong warranties – The figures are also indicative of a company that can fulfill warranty claims. By choosing SmartSide trim and siding, you can be confident that contractor and manufacturer will be there for after-installation services.

Krech Exteriors is proud to offer LP siding that ensures durability and beauty in one material. You can also expect long-lasting performance that ensures comfort and protection all year long. We can install this siding on homes in Minneapolis and the nearby areas. Call us today at (651) 968-8888 or fill out our contact form to set up your free in-home consultation.

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