LP Building Solutions Q1 2023 net sales -50% to $584M; OSB sales -75% on lower prices

LOUISIANA-PACIFIC CORP

2023-Q1 EPS reported $0.29 revenue$584,000,000

Income from continuing ops $21M ($0.29 diluted EPS) vs $422M in Q1 2022; adjusted diluted EPS $0.34 vs $4.75.
Siding Solutions net sales flat at $329M; OSB net sales plunged 75% to $189M, driven by 63% from lower prices.
Adjusted EBITDA was $66 million, a decrease of $532 million year-over-year.
Net sales from continuing ops $584M, down 50% YoY (40% from lower OSB pricing).

item 2.02 item 9.01 item 5.07

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 financial results for the three months ended March 31, 2023.

Period: the three months ended March 31, 2023
Result: reported results

Exact text from the filing

On May 3, 2023, Louisiana-Pacific Corporation ("the Company") issued a press release announcing financial results for the three months ended March 31, 2023, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

LOUISIANA-PACIFIC CORP shareholders approved Approval, on a non-binding, advisory basis, of the frequency of advisory votes on the Company’s named executive officer compensation at the 2023-04-28 meeting.

Proposal: say on pay frequency
Outcome: passed
Meeting: 2023-04-28

Exact text from the filing

One Year Two Years Three Years Abstentions Broker Non-Votes 58,928,409 50,736 2,349,885 93,483 4,541,119

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

LOUISIANA-PACIFIC CORP shareholders approved Approval, on a non-binding, advisory basis, of the Company’s named executive officer compensation at the 2023-04-28 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2023-04-28

Exact text from the filing

For Against Abstentions Broker Non-Votes 59,510,248 1,697,138 215,127 4,541,119

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

LOUISIANA-PACIFIC CORP shareholders approved Election of two Class II directors at the 2023-04-28 meeting.

Proposal: director election
Outcome: passed
Meeting: 2023-04-28

Exact text from the filing

Director Nominee For Against Abstentions Broker Non-Votes Jose A. Bayardo 56,656,323 4,711,537 54,653 4,541,119 Stephen E. Macadam 50,650,622 10,716,952 54,939 4,541,119

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

LOUISIANA-PACIFIC CORP shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2023 at the 2023-04-28 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2023-04-28

Exact text from the filing

For Against Abstentions Broker Non-Votes 64,307,696 1,615,297 40,639 N/A

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

LOUISIANA-PACIFIC CORP filing history →

Source: SEC EDGAR

accession 0001628280-23-014944

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