LP Q2 2022: Net sales down 3% to $1.13B; Siding up 24%; EWP sale for $210M

LOUISIANA-PACIFIC CORP

2022-Q2 EPS reported $10.36 revenue$2,297,000,000

Net sales from continuing ops $1,130M (-3% YoY); Siding Solutions $356M (+24%).
Income from continuing ops $348M ($4.28 diluted EPS); Adjusted Diluted EPS $4.19.
Completed sale of EWP segment Aug 1 for gross proceeds $210M; expects Q3 gain of $120M-$125M.
Adjusted EBITDA from continuing ops $491M (down $174M YoY); cash from ops $483M.
Provides Q3 2022 outlook and capital allocation update.

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