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Dec 31, 2024
Louisiana-Pacific Q4 2024 Earnings Report
Louisiana-Pacific reported increased revenue and net income for Q4 2024, driven by strong Siding segment performance despite a decline in OSB prices.
Key Takeaways
Louisiana-Pacific Corporation (LPX) reported a 3.49% YoY revenue increase in Q4 2024 to $681M. Net income rose by 6.78% to $63M, while adjusted EPS surged by 45.07% to $1.03. Strong Siding sales growth offset a decline in OSB pricing, positioning LPX well for continued investment and expansion.
Total revenue increased by 3.49% YoY to $681M.
Siding segment revenue grew 9% YoY, driven by higher prices and volume.
OSB segment revenue declined 2% YoY due to lower selling prices.
Net income increased by 6.78% YoY to $63M, with adjusted EPS at $1.03.
Louisiana-Pacific
Louisiana-Pacific
Louisiana-Pacific Revenue by Segment
Revenue by Segment
Siding Revenue
CapyFin.comOSB Revenue
CapyFin.comLPSA Revenue
CapyFin.com Forward Guidance
LPX expects continued revenue growth in 2025, led by strong Siding segment performance and strategic investments in demand creation and capacity expansion.
Positive Outlook
- Siding revenue projected to grow 9-11% in Q1 2025.
- Full-year Siding revenue expected to increase by 7-9%.
- Siding Adjusted EBITDA margin projected at 25%.
- OSB Adjusted EBITDA expected between $35M and $45M in Q1.
- Total liquidity remains strong at $900M.
Challenges Ahead
- OSB pricing remains a headwind with potential volatility.
- Higher operating expenses due to marketing and facility maintenance.
- Foreign exchange fluctuations impacting South America revenue.
- Higher CapEx forecasted at ~$410M for 2025.
- Potential macroeconomic uncertainties affecting housing demand.
Revenue & Expenses
Visualization of income flow from segment revenue to net income