NASHVILLE, Tenn. – LP Building Solutions, a manufacturer of engineered wood products for building construction and renovation, posted first-quarter net income of $108 million, a 370% year-over-year increase.

LP’s Q1 net sales of $724 million represented a 24% increase over the same period last year. Year-over-year net sales of OSB increased $124 million of 65% while siding revenue increased $30 million or 9%.

“The first quarter saw robust demand for siding and OSB, with increased volume, including record ExpertFinish and BuilderSeries volume, higher commodity prices, and improved operating efficiency driving margin expansion,” said LP Chairperson and Chief Executive Officer Brad Southern. "While macro uncertainties remain, strong demand for SmartSide and Structural Solutions has continued in the second quarter. As such, we are increasing our second quarter and full-year outlook.”