LP Building Solutions Q4 net loss $10M; Siding Solutions sales up 38% to $385M

LOUISIANA-PACIFIC CORP

2022-FY EPS reported $13.87 revenue$3,854,000,000

Q4 net sales from continuing ops $705M, down 16% YoY; OSB sales down 45% to $257M on lower prices.
Siding Solutions net sales record $385M, up 38% YoY; full-year Siding sales $1.5B, up 26%.
Q4 net loss $10M ($0.14 diluted loss) vs prior-year income $170M; includes $78M pension settlement charge.
Adjusted EBITDA $100M, down $178M; Adjusted Diluted EPS $0.61, down $1.36.
Full-year net income $0.9B ($11.34 diluted EPS), down $0.4B; cash from ops $1.1B.

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 0.9

LOUISIANA-PACIFIC CORP reported the year ended December 31, 2022 results: revenue $3.9 billion, net income $0.9 billion, EPS $11.34 per diluted share.

Period: the year ended December 31, 2022
Revenue: $3.9 billion
Net income: $0.9 billion
EPS: $11.34 per diluted share
Result: reported results

Exact text from the filing

share • Cash provided by operating activities was $41 million Key Highlights for the Full Year, Compared to Prior Year • Net sales from continuing operations decreased by 2% to $3.9 billion • Siding Solutions net sales increased by 26% to $1.5 billion • OSB net sales decreased by 14% to $2.1 billion • Income attributed to LP from continuing operations decreased by

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LOUISIANA-PACIFIC CORP reported the quarter ended December 31, 2022 results: revenue $705 million, net income $(10) million, EPS $(0.14) per diluted share.

Period: the quarter ended December 31, 2022
Revenue: $705 million
Net income: $(10) million
EPS: $(0.14) per diluted share
Result: reported results

Exact text from the filing

December 31, 2022. Key Highlights for the Fourth Quarter of 2022, Compared to the Fourth Quarter of the Prior Year • Net sales from continuing operations decreased by 16% to $705 million, including 14% from lower oriented strand board (OSB) prices • Siding Solutions net sales increased by 38% to $385 million - a fourth quarter record • OSB net sales decreased by

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Source: SEC EDGAR

accession 0001628280-23-004114

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