LP reports Q2 2024 record Siding sales, guidance raise; declares $0.26 dividend

LOUISIANA-PACIFIC CORP

2024-Q2 EPS reported $3.71 revenue$1,539,000,000

Siding net sales rose 30% to $415M; OSB net sales up 53% to $351M; consolidated net sales $814M (+33% YoY).
Net income $160M ($2.23 diluted EPS) vs loss of $21M in Q2 2023; Adjusted Diluted EPS $2.09 (up $1.54).
Adjusted EBITDA hit $229M, up $135M from Q2 2023; operating cash flow $212M (up $124M).
Company raised Q3 and full-year 2024 Siding guidance (record sales and earnings).
Declared $0.26 quarterly dividend, payable Sept 3 to holders of record Aug 20.

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