The information in this item and Exhibit 99.1, Exhibit 99.2 and
Exhibit 99.3, attached hereto, is being furnished to the
Securities and Exchange Commission and shall not be deemed
“filed” for purposes of Section 18 of the Securities Exchange Act
of 1934, nor shall it be deemed incorporated by reference in any
filing under the Securities Act of 1933, except as shall be
expressly set forth by specific reference in such filing.

On February 8, 2017, Louisiana – Pacific Corporation issued a
press release announcing financial results for the quarter and
year ended December 31, 2016, a copy of which is attached hereto
as Exhibit 99.1 and incorporated herein by reference.

In addition to disclosing financial results calculated in
accordance with U.S. generally accepted accounting principles
(GAAP), the attached press release discloses continuing earnings
before interest expense, taxes, depreciation and amortization
(EBITDA from continuing operations) which is a non-GAAP financial
measure. Additionally, it discloses Adjusted EBITDA from
continuing operations which further adjusts EBITDA from
continuing operations to exclude stock based compensation
expense, (gain) loss on sale or impairment of long lived assets,
other operating credits and charges, early debt extinguishment
and investment income. It also discloses adjusted income
(loss)from continuing operations which excludes (gain) loss on
sale or impairment of long-lived assets, interest outside of
normal operations, other operating credits and charges, net,
early debt extinguishment and adjusts for a normalized tax rate.
EBITDA from continuing operations, Adjusted EBITDA from
continuing operations and adjusted income (loss) from continuing
operations are not a substitute for the GAAP measure of net
income or operating cash flows or other GAAP measures of
operating performance or liquidity. A copy of the reconciliation
of adjusted income (loss) from continuing operations, EBITDA from
continuing operations and Adjusted EBITDA from continuing
operations for the quarter and twelve months ended December 31,
2016>and 2015>is attached hereto as Exhibit 99.2 and
Exhibit 99.3 and incorporated herein by reference.

We have EBITDA from continuing operations and Adjusted EBITDA
from continuing operations in the press release because we use
them as important supplemental measures of our performance and
believe that similarly-titled measures are frequently used by
securities analysts, investors and other interested persons in
the evaluation of companies in our industry, some of which
present similarly-titled measures when reporting their results.
We use EBITDA from continuing operations and Adjusted EBITDA from
continuing operations to evaluate our performance as compared to
other companies in our industry that have different financing and
capital structures and/or tax rates. It should be noted that
companies calculate similarly-titled measures differently and,
therefore, as presented by us may not be comparable to
similarly-titled measures reported by other companies. In
addition, EBITDA has material limitations as a performance
measure because it excludes interest expense, income tax
(benefit) expense and depreciation and amortization which are
necessary to operate our business or which we otherwise incurred
or experienced in connection with the operation of our business.

We believe that adjusted income (loss) from continuing
operations, which excludes (gain) loss on sale or impairment of
long-lived assets, interest outside of normal operations, other
operating credits and charges, net and early debt extinguishment,
adjusted for a normalized tax rate is a useful measure for
evaluating our ability to generate earnings and that providing
this measure will allow investors to more readily compare the
earnings referred to in the press release to our earnings for
past and future periods. We believe that this measure is
particularly useful where the amounts of the excluded items are
not consistent between the periods presented. It should be noted
that other companies may present similarly-titled measures
differently and, therefore, as presented by us may not be
comparable to similarly-titled measures reported by other
companies. In addition, adjusted income (loss) from continuing
operations has material limitations as a performance measure
because it excludes items that are actually incurred or
experienced in connection with the operations of our business.

Item 9.01 Financial Statements, Pro Forma Financial Statements
and Exhibits.