Exhibit 99.2
| (Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
Quarter Ended March 31, 2009 | |||||||||||||||||||||||
Sales | $ | 72.3 | $ | 73.8 | $ | 30.0 | $ | 28.5 | $ | — | $ | 204.6 | |||||||||||
Depreciation and amortization | 7.2 | 4.7 | 3.0 | 3.2 | 1.0 | 19.1 | |||||||||||||||||
Cost of sales and selling and administrative | 86.8 | 67.0 | 36.0 | 23.8 | 18.1 | 231.7 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | — | — | — | — | 0.1 | 0.1 | |||||||||||||||||
Other operating credits and charges, net | — | — | — | — | (3.8 | ) | (3.8 | ) | |||||||||||||||
Total operating costs | 94.0 | 71.7 | 39.0 | 27.0 | 15.4 | 247.1 | |||||||||||||||||
Income (loss) from operations | (21.7 | ) | 2.1 | (9.0 | ) | 1.5 | (15.4 | ) | (42.5 | ) | |||||||||||||
Total non-operating income (expense) | (4.3 | ) | (4.3 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (21.7 | ) | 2.1 | (9.0 | ) | 1.5 | (19.7 | ) | (46.8 | ) | |||||||||||||
Provision (benefit) for income taxes | (19.2 | ) | (19.2 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 2.5 | 0.2 | (0.1 | ) | 2.6 | ||||||||||||||||||
Income (loss) from continuing operations | $ | (24.2 | ) | $ | 2.1 | $ | (9.2 | ) | $ | 1.6 | $ | (0.5 | ) | $ | (30.2 | ) | |||||||
Reconciliation of net loss from continuing operations to EBITDA | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (24.2 | ) | $ | 2.1 | $ | (9.2 | ) | $ | 1.6 | $ | (0.5 | ) | $ | (30.2 | ) | |||||||
Income tax expense | — | — | — | — | (19.2 | ) | (19.2 | ) | |||||||||||||||
Interest expense, net of capitalized interest | — | — | — | — | 11.8 | 11.8 | |||||||||||||||||
Depreciation and amortization | 7.2 | 4.7 | 3.0 | 3.2 | 1.0 | 19.1 | |||||||||||||||||
EBITDA | $ | (17.0 | ) | $ | 6.8 | $ | (6.2 | ) | $ | 4.8 | $ | (6.9 | ) | $ | (18.5 | ) | |||||||
Quarter Ended March 31, 2008 | |||||||||||||||||||||||
Sales | $ | 159.0 | $ | 107.1 | $ | 60.5 | $ | 22.8 | $ | — | $ | 349.4 | |||||||||||
Depreciation and amortization | 14.1 | 5.8 | 3.9 | 1.4 | 1.4 | 26.6 | |||||||||||||||||
Cost of sales and selling and administrative | 201.7 | 101.0 | 64.4 | 23.0 | 22.8 | 412.9 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | (0.4 | ) | (0.4 | ) | |||||||||||||||||||
Other operating credits and charges, net | (4.0 | ) | (4.0 | ) | |||||||||||||||||||
Total operating costs | 215.8 | 106.8 | 68.3 | 24.4 | 19.8 | 435.1 | |||||||||||||||||
Loss from operations | (56.8 | ) | 0.3 | (7.8 | ) | (1.6 | ) | (19.8 | ) | (85.7 | ) | ||||||||||||
Total non-operating income (expense) | 10.2 | 10.2 | |||||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (56.8 | ) | 0.3 | (7.8 | ) | (1.6 | ) | (9.6 | ) | (75.5 | ) | ||||||||||||
Provision (benefit) for income taxes | (35.9 | ) | (35.9 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | 5.3 | 0.3 | 0.7 | 6.3 | |||||||||||||||||||
Income (loss) from continuing operations | $ | (62.1 | ) | $ | 0.3 | $ | (8.1 | ) | $ | (2.3 | ) | $ | 26.3 | $ | (45.9 | ) | |||||||
Reconciliation of net loss to EBITDA | |||||||||||||||||||||||
Income (loss) from continuing operations | $ | (62.1 | ) | $ | 0.3 | $ | (8.1 | ) | $ | (2.3 | ) | $ | 26.3 | $ | (45.9 | ) | |||||||
Income tax expense | (35.9 | ) | (35.9 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | 11.2 | 11.2 | |||||||||||||||||||||
Depreciation and amortization | 14.1 | 5.8 | 3.9 | 1.4 | 1.4 | 26.6 | |||||||||||||||||
EBITDA | $ | (48.0 | ) | $ | 6.1 | $ | (4.2 | ) | $ | (0.9 | ) | $ | 3.0 | $ | (44.0 | ) | |||||||