Louisiana-Pacific (LPX) 8-K LP Reports First Quarter 2011 Results

Exhibit 99.2

(Dollar amounts in millions)	OSB			Siding		EWP			Other		Corporate			Total
Three Months Ended March 31, 2011
Sales	$	132.1		$	106.2	$	48.3		$	45.8	$	(0.7	)	$	331.7
Depreciation and amortization		9.2			4.3		4.2			3.2		0.5			21.4
Cost of sales and selling and administative		130.2			89.2		49.4			38.4		16.6			323.8
(Gain) loss on sale or impairment of long lived assets												5.5			5.5
Other operating credits and charges, net												(0.8	)		(0.8	)
Total operating costs		139.4			93.5		53.6			41.6		21.8			349.9
Income (loss) from operations		(7.3	)		12.7		(5.3	)		4.2		(22.5	)		(18.2	)
Total non-operating income (expense)												(8.2	)		(8.2	)
Income (loss) before income taxes and equity in earnings of unconsolidated affiliates		(7.3	)		12.7		(5.3	)		4.2		(30.7	)		(26.4	)
Provision (benefit) for income taxes												(6.8	)		(6.8	)
Equity in (income) loss of unconsolidated affiliates		1.8					0.2			1.3					3.3
Income (loss) from continuing operations		(9.1	)		12.7		(5.5	)		2.9		(23.9	)		(22.9	)
Reconciliation of income (loss) from continuing operations to adjusted EBITDA from continuing operations
Income (loss) from continuing operations		(9.1	)		12.7		(5.5	)		2.9		(23.9	)		(22.9	)
Income tax benefit												(6.8	)		(6.8	)
Interest expense, net of capitalized interest												14.0			14.0
Depreciation and amortization		9.2			4.3		4.2			3.2		0.5			21.4
EBITDA from continuing operations		0.1			17.0		(1.3	)		6.1		(16.2	)		5.7
Stock based compensation expense		0.2			0.1		0.1			—		3.1			3.5
(Gain) loss on sale or impairment of long lived assets												5.5			5.5
Investment income												(4.0	)		(4.0	)
Other operating credits and charges, net												(0.8	)		(0.8	)
Adjusted EBITDA from continuing operations	$	0.3		$	17.1	$	(1.2	)	$	6.1	$	(12.4	)	$	9.9

(Dollar amounts in millions)	OSB			Siding		EWP			Other		Corporate			Total
Three Months ended March 31, 2010
Sales	$	117.6		$	89.8	$	48.8		$	41.3	$	(0.5	)	$	297.0
Depreciation and amortization		8.6			5.1		3.4			2.7		0.6			20.4
Cost of sales and selling and administative		113.9			76.2		51.8			37.5		18.7			298.1
(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		122.5			81.3		55.2			40.2		20.5			319.7
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