Loading...
•
Jun 30, 2024
Louisiana-Pacific Q2 2024 Earnings Report
Reported record sales and earnings in Siding, and increased third quarter and full year Siding guidance.
Key Takeaways
LP Building Solutions reported a strong second quarter in 2024, with consolidated net sales increasing by 33% to $814 million and net income reaching $160 million. The company experienced significant growth in both Siding and OSB segments, driven by higher sales volumes and prices. Adjusted EBITDA increased to $229 million, reflecting the company's strategic execution and cost control.
Siding net sales increased by 30% to $415 million.
Oriented Strand Board (OSB) net sales increased by 53% to $351 million.
Consolidated net sales increased by 33% to $814 million.
Net income was $160 million, an increase of $181 million.
Revenue by Segment
Forward Guidance
The Company is providing financial guidance for the third quarter of 2024 and full year 2024.
Positive Outlook
- Siding net sales year-over-year growth: 16% to 18% (Q3 2024)
- Siding net sales year-over-year growth: 14% to 16% (Full Year 2024)
- Siding Adjusted EBITDA: $95 million to $105 million (Q3 2024)
- Siding Adjusted EBITDA: $355 million to $375 million (Full Year 2024)
- OSB Adjusted EBITDA: $10 million to $20 million (Q3 2024)
Challenges Ahead
- OSB Adjusted EBITDA: $225 million to $245 million (Full Year 2024)
- Consolidated Adjusted EBITDA: $105 million to $125 million (Q3 2024)
- Consolidated Adjusted EBITDA: $580 million to $620 million (Full Year 2024)
- Capital Expenditures: $200 million to $220 million (Full Year 2024)
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...