Louisiana-Pacific (LPX) 8-K LP Reports First Quarter 2009 Results

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	)