LP Q3 net sales up 53% to $1.2B; Adj EBITDA $522M; Board authorizes additional $500M buyback

LOUISIANA-PACIFIC CORP

2021-Q3 EPS reported $11.73 revenue$3,561,000,000

Net sales $1.2B (+53% YoY); net income $365M ($3.87 diluted EPS).
Siding Solutions net sales $310M (+19%); OSB net sales $600M (+$232M mainly on price).
Adjusted EBITDA $522M; cash from operations $511M.
Board authorized additional $500M share repurchase plan.
Leadership changes: Ringblom to EVP Siding; Sherman to President of Entekra.

item 2.02 item 9.01 item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Neil Sherman

President of the Company’s off-site framing operation, Entekra Holdings, LLC

LPX · LOUISIANA-PACIFIC CORP

Filed: November 2, 2021, 7:59 PM ET

Neil Sherman, who currently serves as the Company’s Executive Vice President, Siding, will transition to serving as President of the Company’s off-site framing operation, Entekra Holdings, LLC, effective upon Mr. Ringblom’s transition into his new role of Executive Vice President, Siding.

Role change

Jason Ringblom

Executive Vice President, Siding

LPX · LOUISIANA-PACIFIC CORP

Filed: November 2, 2021, 7:59 PM ET

Jason Ringblom, who currently serves as the Company’s Executive Vice President, OSB and EWP, will transition to the role of Executive Vice President, Siding, effective as soon as a replacement for his current position has been hired by the Company

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Neil Sherman changed role as President of the Company’s off-site framing operation, Entekra Holdings, LLC at LOUISIANA-PACIFIC CORP.

Action: transition
Role: President of the Company’s off-site framing operation, Entekra Holdings, LLC

Exact text from the filing

Neil Sherman, who currently serves as the Company’s Executive Vice President, Siding, will transition to serving as President of the Company’s off-site framing operation, Entekra Holdings, LLC, effective upon Mr. Ringblom’s transition into his new role of Executive Vice President, Siding.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jason Ringblom changed role as Executive Vice President, Siding at LOUISIANA-PACIFIC CORP.

Action: transition
Role: Executive Vice President, Siding

Exact text from the filing

Jason Ringblom, who currently serves as the Company’s Executive Vice President, OSB and EWP, will transition to the role of Executive Vice President, Siding, effective as soon as a replacement for his current position has been hired by the Company

View on SEC.gov

LOUISIANA-PACIFIC CORP filing history →

Source: SEC EDGAR

accession 0001628280-21-021035

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