Louisiana-Pacific (LPX) 8-K LP Reports Second Quarter 2010 Results

Exhibit 99.2

(Dollar amounts in millions)	OSB			Siding		EWP			Other		Corporate			Total
Three Months Ended June 30, 2010
Sales	$	216.9		$	130.3	$	55.7		$	47.6	$	(3.4	)	$	447.1
Depreciation and amortization		9.9			5.4		3.7			2.8		0.6			22.4
Cost of sales and selling and administrative		161.9			103.1		56.3			39.3		14.7			375.3
(Gain) loss on sale or impairment of long lived assets												(0.1	)		(0.1	)
Other operating credits and charges, net												0.6			0.6
Total operating costs		171.8			108.5		60.0			42.1		15.8			398.2
Income (loss) from operations		45.1			21.8		(4.3	)		5.5		(19.2	)		48.9
Total non-operating income (expense)												(13.5	)		(13.5	)
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates		45.1			21.8		(4.3	)		5.5		(32.7	)		35.4
Provision (benefit) for income taxes												12.7			12.7
Equity in (income) loss of unconsolidated affiliates		(2.8	)				0.1			1.8					(0.9	)
Income (loss) from continuing operations		47.9			21.8		(4.4	)		3.7		(45.4	)		23.6
Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations
Income (loss) from continuing operations		47.9			21.8		(4.4	)		3.7		(45.4	)		23.6
Income tax provision (benefit)												12.7			12.7
Interest expense, net of capitalized interest												17.7			17.7
Depreciation and amortization		9.9			5.4		3.7			2.8		0.6			22.4
EBITDA from continuing operations		57.8			27.2		(0.7	)		6.5		(14.4	)		76.4
Stock based compensation expense		0.2			0.2		0.1			—		1.6			2.1
(Gain) loss on sale or impairment of long lived assets												(0.1	)		(0.1	)
Investment income												(4.3	)		(4.3	)
Other operating credits and charges, net												0.6			0.6
Adjusted EBITDA from continuing operations	$	58.0		$	27.4	$	(0.6	)	$	6.5	$	(16.6	)	$	74.7
Three Months Ended June 30, 2009
Sales	$	97.7		$	103.9	$	35.9		$	29.9	$	—		$	267.4
Depreciation and amortization		8.9			4.3		2.9			2.0		0.8			18.9
Cost of sales and selling and administrative		105.2			93.1		41.4			26.2		17.7			283.6
(Gain) loss on sale or impairment of long lived assets												(1.0	)		(1.0	)
Other operating credits and charges, net												(1.9	)		(1.9	)
Total operating costs		114.1			97.4		44.3			28.2		15.6			299.6
Income (loss) from operations		(16.4	)		6.5		(8.4	)		1.7		(15.6	)		(32.2	)
Total non-operating income (expense)												(7.7	)		(7.7	)
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates		(16.4	)		6.5		(8.4	)		1.7		(23.3	)		(39.9	)
Provision (benefit) for income taxes												(16.0	)		(16.0	)
Equity in (income) loss of unconsolidated affiliates		2.0					0.2			1.1					3.3
Income (loss) from continuing operations		(18.4	)		6.5		(8.6	)		0.6		(7.3	)		(27.2	)
Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations
Income (loss) from continuing operations		(18.4	)		6.5		(8.6	)		0.6		(7.3	)		(27.2	)
Income tax benefit												(16.0	)		(16.0	)
Interest expense, net of capitalized interest												21.9			21.9
Depreciation and amortization		8.9			4.3		2.9			2.0		0.8			18.9
EBITDA from continuing operations		(9.5	)		10.8		(5.7	)		2.6		(0.6	)		(2.4	)
Stock based compensation expense		0.2			0.2		0.1			—		1.6			2.1
(Gain) loss on sale or impairment of long lived assets												(1.0	)		(1.0	)
Investment income												(8.3	)		(8.3	)
Other operating credits and charges, net												(1.9	)		(1.9	)
Other than temporary asset impairment												0.8			0.8
Adjusted EBITDA from continuing operations	$	(9.3	)	$	11.0	$	(5.6	)	$	2.6	$	(9.4	)	$	(10.7	)

(Dollar amounts in millions)	OSB				Siding		EWP			Other		Corporate			Total
Six Months Ended June 30, 2010
Sales	$	333.8			$	219.9	$	104.5		$	88.9	$	(3.4	)	$	743.7
Depreciation and amortization		18.5				10.5		7.1			5.5		1.2			42.8
Cost of sales and selling and administrative		275.1				179.1		108.0			77.0		33.8			673.0
(Gain) loss on sale or impairment of long lived assets													1.2			1.2
Other operating credits and charges, net													0.5			0.5
Total operating costs		293.6				189.6		115.1			82.5		36.7			717.5
Income (loss) from operations		40.2				30.3		(10.6	)		6.4		(40.1	)		26.2
Total non-operating income (expense)													(22.9	)		(22.9	)
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates		40.2				30.3		(10.6	)		6.4		(63.0	)		3.3
Provision (benefit) for income taxes													2.4			2.4
Equity in (income) loss of unconsolidated affiliates		(3.2	)					0.3			2.7					(0.2	)
Income (loss) from continuing operations		43.4				30.3		(10.9	)		3.7		(65.4	)		1.1
Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations
Income (loss) from continuing operations		43.4				30.3		(10.9	)		3.7		(65.4	)		1.1
Provision (benefit) for income taxes													2.4			2.4
Interest expense, net of capitalized interest													34.5			34.5
Depreciation and amortization		18.5				10.5		7.1			5.5		1.2			42.8
EBITDA from continuing operations		61.9				40.8		(3.8	)		9.2		(27.3	)		80.8
Stock based compensation expense		0.5				0.3		0.3			—		4.2			5.3
(Gain) loss on sale or impairment of long lived assets													1.2			1.2
Investment income													(10.2	)		(10.2	)
Other operating credits and charges, net													0.5			0.5
Adjusted EBITDA from continuing operations	$	62.4			$	41.1	$	(3.5	)	$	9.2	$	(31.6	)	$	77.6
Six Months Ended June 30, 2009
Sales	$	170.0			$	178.5	$	65.8		$	58.6	$	—			472.9
Depreciation and amortization		16.0				9.0		5.9			5.1		2.0			38.0
Cost of sales and selling and administrative		192.1				160.9		77.3			50.3		35.6			516.2
(Gain) loss on sale or impairment of long lived assets													(0.9	)		(0.9	)
Other operating credits and charges, net													(5.7	)		(5.7	)
Total operating costs		208.1				169.9		83.2			55.4		31.0			547.6
Income (loss) from operations		(38.1	)			8.6		(17.4	)		3.2		(31.0	)		(74.7	)
Total non-operating income (expense)													(12.2	)		(12.2	)
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates		(38.1	)			8.6		(17.4	)		3.2		(43.2	)		(86.9	)
Provision (benefit) for income taxes													(35.3	)		(35.3	)
Equity in (income) loss of unconsolidated affiliates		4.5						0.4			1.0					5.9
Income (loss) from continuing operations		(42.6	)			8.6		(17.8	)		2.2		(7.9	)		(57.5	)
Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations
Income (loss) from continuing operations		(42.6	)			8.6		(17.8	)		2.2		(7.9	)		(57.5	)
Provision (benefit) for income taxes													(35.3	)		(35.3	)
Interest expense, net of capitalized interest													34.8			34.8
Depreciation and amortization		16.0				9.0		5.9			5.1		2.0			38.0
EBITDA from continuing operations		(26.6	)	��		17.6		(11.9	)		7.3		(6.4	)		(20.0	)
Stock based compensation expense		0.4				0.3		0.3			—		3.0			4.0
(Gain) loss on sale or impairment of long lived assets													(0.9	)		(0.9	)
(Gain) on early debt extinguishment													(0.6	)		(0.6	)
Investment income													(14.4	)		(14.4	)
Other operating credits and charges, net													(5.7	)		(5.7	)
Other than temporary asset impairment													1.7			1.7
Adjusted EBITDA from continuing operations	$	(26.2	)		$	17.9	$	(11.6	)	$	7.3	$	(23.3	)	$	(35.9	)