Exhibit 99.2
(Dollar amounts in millions) | OSB | Siding | EWP | Other | Corporate | Total | |||||||||||||||||
Three Months Ended March 31, 2010 | |||||||||||||||||||||||
Sales | $ | 117.0 | $ | 89.6 | $ | 48.8 | $ | 41.2 | $ | — | $ | 296.6 | |||||||||||
Depreciation and amortization | 8.6 | 5.1 | 3.4 | 2.7 | 0.6 | 20.4 | |||||||||||||||||
Cost of sales and selling and administrative | 113.3 | 76.0 | 51.8 | 37.4 | 19.2 | 297.7 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets | 1.3 | 1.3 | |||||||||||||||||||||
Other operating credits and charges, net | (0.1 | ) | (0.1 | ) | |||||||||||||||||||
Total operating costs | 121.9 | 81.1 | 55.2 | 40.1 | 21.0 | 319.3 | |||||||||||||||||
Income (loss) from operations | (4.9 | ) | 8.5 | (6.4 | ) | 1.1 | (21.0 | ) | (22.7 | ) | |||||||||||||
Total non-operating income (expense) | (9.4 | ) | (9.4 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (4.9 | ) | 8.5 | (6.4 | ) | 1.1 | (30.4 | ) | (32.1 | ) | |||||||||||||
Provision (benefit) for income taxes | (10.3 | ) | (10.3 | ) | |||||||||||||||||||
Equity in (income) loss of unconsolidated affiliates | (0.4 | ) | 0.2 | 0.9 | 0.7 | ||||||||||||||||||
Income (loss) from continuing operations | (4.5 | ) | 8.5 | (6.6 | ) | 0.2 | (20.1 | ) | (22.5 | ) | |||||||||||||
Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | (4.5 | ) | 8.5 | (6.6 | ) | 0.2 | (20.1 | ) | (22.5 | ) | |||||||||||||
Income tax benefit | (10.3 | ) | (10.3 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | 16.8 | 16.8 | |||||||||||||||||||||
Depreciation and amortization | 8.6 | 5.1 | 3.4 | 2.7 | 0.6 | 20.4 | |||||||||||||||||
EBITDA from continuing operations | 4.1 | 13.6 | (3.2 | ) | 2.9 | (13.0 | ) | 4.4 | |||||||||||||||
Stock based compensation expense | 0.2 | 0.2 | 0.1 | — | 2.7 | 3.2 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets |
| 1.3 | 1.3 | ||||||||||||||||||||
Investment income | (5.9 | ) | (5.9 | ) | |||||||||||||||||||
Other operating credits and charges, net | (0.1 | ) | (0.1 | ) | |||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | 4.3 | $ | 13.8 | $ | (3.1 | ) | $ | 2.9 | $ | (15.0 | ) | $ | 2.9 | |||||||||
Three Months Ended March 31, 2009 | |||||||||||||||||||||||
Sales | $ | 72.3 | $ | 74.7 | $ | 30.0 | $ | 28.5 | $ | — | 205.5 | ||||||||||||
Depreciation and amortization | 7.2 | 4.7 | 3.0 | 3.2 | 1.0 | 19.1 | |||||||||||||||||
Cost of sales and selling and administrative | 86.8 | 67.9 | 36.0 | 23.8 | 18.1 | 232.6 | |||||||||||||||||
(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 | 72.6 | 39.0 | 27.0 | 15.4 | 248.0 | |||||||||||||||||
Loss from operations | (21.7 | ) | 2.1 | (9.0 | ) | 1.5 | (15.4 | ) | (42.5 | ) | |||||||||||||
Total non-operating income (expense) | (4.5 | ) | (4.5 | ) | |||||||||||||||||||
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates | (21.7 | ) | 2.1 | (9.0 | ) | 1.5 | (19.9 | ) | (47.0 | ) | |||||||||||||
Provision (benefit) for income taxes | (19.3 | ) | (19.3 | ) | |||||||||||||||||||
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 | (0.6 | ) | (30.3 | ) | |||||||||||||
Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations | |||||||||||||||||||||||
Income (loss) from continuing operations | (24.2 | ) | 2.1 | (9.2 | ) | 1.6 | (0.6 | ) | (30.3 | ) | |||||||||||||
Income tax benefit | (19.3 | ) | (19.3 | ) | |||||||||||||||||||
Interest expense, net of capitalized interest | 12.9 | 12.9 | |||||||||||||||||||||
Depreciation and amortization | 7.2 | 4.7 | 3.0 | 3.2 | 1.0 | 19.1 | |||||||||||||||||
EBITDA from continuing operations | (17.0 | ) | 6.8 | (6.2 | ) | 4.8 | (6.0 | ) | (17.6 | ) | |||||||||||||
Stock based compensation expense | 0.2 | 0.2 | — | — | 1.4 | 1.8 | |||||||||||||||||
(Gain) loss on sale or impairment of long lived assets |
| 0.1 | 0.1 | ||||||||||||||||||||
Gain on early debt extinguishment | (0.6 | ) | (0.6 | ) | |||||||||||||||||||
Investment income | (6.1 | ) | (6.1 | ) | |||||||||||||||||||
Other operating credits and charges, net | (3.8 | ) | (3.8 | ) | |||||||||||||||||||
Other than temporary asset impairment | 0.9 | 0.9 | |||||||||||||||||||||
Adjusted EBITDA from continuing operations | $ | (16.8 | ) | $ | 7.0 | $ | (6.2 | ) | $ | 4.8 | $ | (14.1 | ) | $ | (25.3 | ) | |||||||