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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.
Louisiana-Pacific
Louisiana-Pacific
Louisiana-Pacific Revenue by Segment
Revenue by Segment
Siding Revenue
CapyFin.comOSB Revenue
CapyFin.comLPSA Revenue
CapyFin.com 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)
- Capital expenditures related to strategic growth and sustaining maintenance projects are expected to be between $50 million to $60 million and $150 million to $160 million, respectively.
Revenue & Expenses
Visualization of income flow from segment revenue to net income