LP Q3 net sales down 16% to $852M; OSB revenue falls 35%, EPS $1.74

LOUISIANA-PACIFIC CORP

2022-Q3 EPS reported $13.59 revenue$3,149,000,000

Net sales $852M (-16% YoY); Siding Solutions up 27% to $393M, OSB down 35% to $388M.
Income from continuing operations $129M ($1.74/diluted share) vs $332M ($3.54) prior year.
Adjusted EBITDA $200M vs $481M; Adjusted diluted EPS $1.72 vs $3.52.
Q4 2022 outlook: Siding volumes expected to be up mid-single digits YoY; OSB prices to decline sequentially.
Capital allocation update: $400M share repurchase authorization remains; quarterly dividend unchanged.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LOUISIANA-PACIFIC CORP reported the three months ended September 30, 2022 results: revenue $852 million, net income $129 million, EPS $1.74 per diluted share.

Period: the three months ended September 30, 2022
Revenue: $852 million
Net income: $129 million
EPS: $1.74 per diluted share
Result: reported results

Exact text from the filing

September 30, 2022. Key Highlights for the Third Quarter of 2022, Compared to the Third Quarter of the Prior Year • Net sales from continuing operations decreased by 16% to $852 million • Siding Solutions net sales increased by 27% to $393 million • OSB net sales decreased by 35% to $388 million • Income from continuing operations attributed to LP decreased by

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Source: SEC EDGAR

accession 0001628280-22-027446

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