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Sep 30, 2024
Louisiana-Pacific Q3 2024 Earnings Report
Reported record siding sales and earnings, while OSB delivered a solid quarter amidst price challenges.
Key Takeaways
LP Building Solutions reported a decrease in consolidated net sales by 1% to $722 million. Siding sales increased by 22%, while OSB sales decreased by 24%. Net income was $90 million, a decrease of $27 million, and adjusted EPS was $1.22, a decrease of $0.40.
Siding net sales increased by 22% to $420 million.
Oriented Strand Board (OSB) net sales decreased by 24% to $253 million.
Consolidated net sales decreased by 1% to $722 million.
Net income was $90 million, a decrease of $27 million.
Revenue by Segment
Forward Guidance
The Company is providing financial guidance for the fourth quarter of 2024 and full year 2024.
Positive Outlook
- Siding net sales year-over-year growth of 9% to 10% for Q4 2024.
- Siding Adjusted EBITDA of $70 million to $80 million for Q4 2024.
- OSB Adjusted EBITDA of $15 million to $25 million for Q4 2024.
- Consolidated Adjusted EBITDA of $85 million to $105 million for Q4 2024.
- Capital expenditures between $195 million to $205 million for Q4 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
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