LP Building Solutions Q1 net sales up 24% to $724M, net income $108M, raises outlook

LOUISIANA-PACIFIC CORP

2024-Q1 EPS reported $1.48 revenue$724,000,000

Net sales $724M (+24% YoY); net income $108M ($1.48 diluted EPS) vs $23M in Q1 2023.
Siding net sales +9% to $361M; OSB net sales +65% to $313M.
Adjusted diluted EPS $1.53 (+$1.19 YoY); Adjusted EBITDA $182M (+$116M YoY).
Board authorized $250M share repurchase program; quarterly dividend $0.26/share (payable June 5, record May 22).
Company increases Q2 and full-year 2024 outlook (specific guidance not detailed in release).

item 2.02 item 9.01 item 8.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

LOUISIANA-PACIFIC CORP reported three months ended March 31, 2024 results: revenue $724 million, net income $108 million, EPS $1.48 per share. Guidance raised.

Period: three months ended March 31, 2024
Revenue: $724 million
Net income: $108 million
EPS: $1.48 per share
Guidance: raised
Result: reported results

Exact text from the filing

LP Building Solutions Reports First Quarter 2024 Results and Increases Second Quarter and Full Year Outlook for 2024 NASHVILLE, Tenn. (May 8, 2024) - Louisiana-Pacific Corporation (LP) (NYSE: LPX), a leading manufacturer of high-performance building products, today reported its financial results for the three months ended March 31, 2024. Key Highlights for First Quarter 2024, Compared to First Quarter 2023 • Siding net sales increased by 9% to $361 million • Oriented Strand Board (OSB) net sales increased by 65% to $313 million • Consolidated net sales increased by 24% to $724 million • Net income was $108 million, an increase of $85 million • Net income per diluted share was $1.48 per share, an increase of $1.19 per share

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Source: SEC EDGAR

accession 0001628280-24-021203

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