earnings
confidence high
sentiment positive
materiality 0.85
LP Q1 net sales +31% to $1.34B, net income $484M, EPS $5.60; $600M buyback authorized
LOUISIANA-PACIFIC CORP
2021-Q1 EPS reported
$5.60
revenue$1,337,000,000
- Net sales increased 31% to $1,337 million; OSB segment up 38% to $744 million, Siding Solutions up 17% to $330 million.
- Net income attributable to LP was $484 million ($5.60 diluted EPS); adjusted diluted EPS $5.08, up $2.07 YoY.
- Adjusted EBITDA $636 million, up $174 million; cash from operations $425 million, up $111 million.
- Board authorized additional $600 million share repurchase plan; timing and amount subject to market conditions.