earnings
confidence high
sentiment negative
materiality 0.80
LP Building Solutions Q2 net sales down 46% to $611M; OSB sales drop 66%
LOUISIANA-PACIFIC CORP
2023-Q2 EPS reported
$0.02
revenue$1,195,000,000
- Net loss from continuing ops of $20M ($0.28 per diluted share) vs income of $347M a year ago.
- Adjusted EBITDA of $93M, down $398M YoY; adjusted diluted EPS of $0.55, down $3.64.
- Siding Solutions net sales fell 11% to $318M on lower volumes partially offset by higher prices.
- OSB net sales declined 66% to $229M primarily due to lower prices.
- Company provided capital allocation update and forward outlook in the release.