Louisiana-Pacific (LPX) closed the most recent trading day at $88.56, moving +1.4% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow saw an upswing of 0.52%, while the tech-heavy Nasdaq appreciated by 0.74%. The home construction supplier's stock has climbed by 0.94% in the past month, falling short of the Construction sector's gain of 4.35% and the S&P 500's gain of 4.2%.The upcoming earnings release of Louisiana-Pacific will be of great interest to ...

Louisiana-Pacific (LPX) ended the recent trading session at $92.91, demonstrating a -3.7% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.33%. At the same time, the Dow lost 0.63%, and the tech-heavy Nasdaq lost 0.22%. Shares of the home construction supplier witnessed a gain of 6.65% over the previous month, beating the performance of the Construction sector with its gain of 5.56%, and the S&P 500's gain of 4.07%.The investment community will ...

In the latest close session, Louisiana-Pacific (LPX) was down 2.5% at $89.48. This change lagged the S&P 500's daily loss of 0.79%. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq decreased by 0.92%. Shares of the home construction supplier have appreciated by 0.07% over the course of the past month, underperforming the Construction sector's gain of 5.56%, and the S&P 500's gain of 5.22%.The investment community will be paying close attention to the earnings performa ...

Group 1 - Louisiana-Pacific (LPX) is primarily a manufacturing business focused on building materials, which may appear unremarkable at first glance [1] - Warren Buffett holds approximately 8% of LPX through Berkshire Hathaway, indicating a level of confidence in the company's potential [1] - The company has received minimal media attention despite its significant backing and potential investment opportunities [1] Group 2 - The author identifies as a German value investor, emphasizing a strategy of investing in companies with a high margin of safety and below intrinsic value [1] - The investment portfolio is concentrated, typically consisting of 8-12 companies, with a preference for small, underfollowed public companies [1] - A contrarian view is presented, suggesting that risk and return can be inversely correlated, leading to larger bets when the risk/reward ratio is favorable [1]

Louisiana-Pacific (LPX) closed at $90.46 in the latest trading session, marking a +1.64% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq gained 0.24%. Shares of the home construction supplier have depreciated by 3.99% over the course of the past month, underperforming the Construction sector's gain of 3.24%, and the S&P 500's gain of 6.6%.Market participants will be closely following the financial results of Loui ...

Core Viewpoint - Louisiana-Pacific (LPX) shares have increased by approximately 2.8% since the last earnings report, underperforming the S&P 500, raising questions about the sustainability of this trend leading up to the next earnings release [1] Estimates Movement - Estimates for Louisiana-Pacific have trended downward over the past month, with the consensus estimate shifting down by 26.47% [2] VGM Scores - Louisiana-Pacific has a subpar Growth Score of D and a Momentum Score of F, while it holds a middle-tier Value Score of C, resulting in an overall aggregate VGM Score of D [3] Outlook - The downward trend in estimates indicates a negative outlook for Louisiana-Pacific, which currently holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] Industry Performance - Louisiana-Pacific is part of the Zacks Building Products - Wood industry, where Rayonier (RYN) has shown no change in share price over the past month. Rayonier reported revenues of $82.9 million for the last quarter, reflecting a year-over-year decline of 50.7% [5] - Rayonier is projected to earn $0.03 per share for the current quarter, indicating a year-over-year increase of 50%, although the Zacks Consensus Estimate has decreased by 11.1% over the last 30 days. Rayonier also holds a Zacks Rank of 3 (Hold) and has a VGM Score of F [6]

Financial Data and Key Metrics Changes - The meeting confirmed that the appointment of Deloitte and Touche as the independent registered public accounting firm for 2025 has been ratified [11] - The compensation of named executive officers has been approved on an advisory basis [11] Business Line Data and Key Metrics Changes - No specific data or metrics related to individual business lines were provided in the meeting [12] Market Data and Key Metrics Changes - No specific market data or metrics were discussed during the meeting [12] Company Strategy and Development Direction and Industry Competition - The company continues to focus on maintaining strong governance and transparency through the election of directors and the approval of compensation policies [8][11] Management's Comments on Operating Environment and Future Outlook - Management expressed gratitude for stockholder support and emphasized the importance of ongoing engagement with stockholders [11] Other Important Information - The meeting was conducted digitally, allowing stockholders to participate via a web portal [3][4] - A quorum was confirmed with holders of 69,642,741 shares of common stock entitled to vote [6] Q&A Session All Questions and Answers Question: What is the status of the independent registered public accounting firm? - The appointment of Deloitte and Touche has been ratified for 2025 [11] Question: How was the compensation of named executive officers determined? - The Compensation Committee is responsible for determining compensation policies, and the advisory vote on compensation was approved [11]

Core Viewpoint - Louisiana-Pacific Corporation (LPX) reported better-than-expected first-quarter 2025 results, with adjusted earnings and net sales surpassing the Zacks Consensus Estimate, although the bottom line declined year-over-year while the top line remained flat [1][4]. Financial Performance - Adjusted earnings per share (EPS) were $1.27, exceeding the Zacks Consensus Estimate of $1.13 by 12.4%, down from $1.53 in the prior year [4]. - Net sales reached $724 million, surpassing the consensus mark of $693 million by 4.5%, remaining flat year-over-year [4]. - Adjusted EBITDA was $162 million, down 11% from the prior-year quarter, primarily due to lower OSB selling prices and volumes, partially offset by higher Siding net sales [5]. Segment Analysis - **Siding Segment**: Sales increased 11% year-over-year to $402 million, driven by a 9% rise in volume and a 2% increase in average selling prices. Adjusted EBITDA for this segment was $106 million, up 17% from the previous year [6][7]. - **OSB Segment**: Sales decreased 15% year-over-year to $267 million, with a $32 million drop in selling prices and a $13 million decline in sales volumes. Adjusted EBITDA fell 40% year-over-year to $54 million [8]. - **LP South America (LPSA)**: Sales grew 11% year-over-year to $52 million, with adjusted EBITDA increasing 22% to $12 million, largely due to higher sales volumes despite unfavorable currency fluctuations [9]. Cash Flow and Balance Sheet - As of March 31, 2025, the company had $1 billion in liquidity, with cash and cash equivalents at $256 million, down from $340 million at the end of 2024. Long-term debt remained flat at $348 million [10]. - Net cash provided by operations was $64 million compared to $105 million in the same period last year [10]. - The company repurchased 0.6 million shares for $61 million during the first quarter, with $177 million remaining under share repurchase authorizations [11]. Future Outlook - For Q2 2025, LPX expects Siding net sales to range between $445 million and $455 million, reflecting 9-11% growth year-over-year, with adjusted EBITDA between $110 million and $120 million [12]. - For the full year, Siding's net sales are anticipated to grow over 9%, reaching approximately $1.7 billion, with adjusted EBITDA expected between $425 and $435 million [14]. - Consolidated adjusted EBITDA is now projected to be between $535 million and $555 million, down from previous expectations [15].

Financial Performance - For the three months ended March 31, 2025, net income was $91 million, down from $108 million in the same period in 2024, representing a decrease of approximately 15.7%[83] - Adjusted EBITDA for the same period was $162 million, compared to $182 million in 2024, reflecting a decline of about 11%[83] - Cash provided by operations decreased to $64 million in Q1 2025 from $105 million in Q1 2024, primarily due to lower net income and changes in working capital[105] - Selling, general, and administrative expenses increased to $75 million in Q1 2025, up from $69 million in Q1 2024, driven by higher employee compensation and marketing expenses[99] - The company recognized an estimated tax provision of $26 million in Q1 2025, down from $41 million in Q1 2024[100] Segment Performance - Siding segment Adjusted EBITDA increased to $106 million in Q1 2025 from $90 million in Q1 2024, marking a growth of approximately 17.8%[83] - Siding segment net sales increased by 11% to $402 million in Q1 2025, with Adjusted EBITDA rising 17% to $106 million[92] - OSB segment net sales decreased by 15% to $267 million in Q1 2025, with Adjusted EBITDA falling 40% to $54 million[94] - LPSA segment net sales grew by 11% to $52 million in Q1 2025, with Adjusted EBITDA increasing 22% to $12 million[97] Market Trends - Single-family housing starts decreased by 5.4% to 228,000 units in Q1 2025 from 241,000 units in Q1 2024, while multi-family housing starts increased by 11.3% to 89,000 units[87] - Total sales volume for Siding Solutions increased to 445 million square feet (MMSF) in Q1 2025 from 411 MMSF in Q1 2024, an increase of about 8.3%[88] - OSB - Structural Solutions sales volume decreased to 549 MMSF in Q1 2025 from 573 MMSF in Q1 2024, a decline of approximately 4.2%[88] - Average net selling prices for Siding Solutions rose by 2%, while unit shipments increased by 9% in Q1 2025 compared to Q1 2024[93] - OSB - Structural Solutions experienced a 9% decline in average net selling prices and a 10% drop in unit shipments in Q1 2025[94] Operational Challenges - The company continues to face challenges related to material prices, supply disruptions, and labor issues, impacting overall financial performance[73] - The company estimates incremental costs of approximately $12 million in 2025 due to new or increased tariffs, primarily affecting the Siding segment[74] - Overall Equipment Effectiveness (OEE) for the Siding segment was 76% in Q1 2025, down from 78% in Q1 2024[90] Financial Position and Credit Facilities - Capital expenditures in 2025 are expected to be approximately $410 million, funded through cash on hand and operations[107] - The Amended Credit Agreement increased the credit facility from $550 million to $750 million, with no outstanding borrowings as of March 31, 2025[111] - As of March 31, 2025, there were no outstanding borrowings under the company's Amended Credit Facility, indicating no current exposure to interest rate changes[120] Currency and Commodity Exposure - The company has transactional foreign currency exposures primarily related to the U.S. dollar against the Canadian dollar, Brazilian real, Chilean peso, and Argentine peso[118] - The company has translation exposure from converting foreign subsidiary financial statements into U.S. dollars[118] - The most significant commodity product sold by the company is OSB, with no material changes to production capacity or price sensitivity disclosed[119] - The company has historically not engaged in currency rate hedges for operational exposure but may do so in the future[118] - The company has little control over the sales prices of its commodity products, which fluctuate daily based on market factors[119] - The company currently has no derivative or hedging arrangements related to interest rate changes[120]

Louisiana-Pacific (LPX) Q1 2025 Earnings Call May 06, 2025 11:00 AM ET Company Participants Aaron Howald - Vice President of Investor Relations and Business DevelopmentBrad Southern - Chair & CEOAlan Haughie - EVP & CFOKetan Mamtora - Director - Building Products Equity ResearchMichael Roxland - MD - Equity ResearchSteven Ramsey - Deputy Director of ResearchSean Steuart - Managing DirectorJeffrey Stevenson - Vice President Conference Call Participants Susan Maklari - Senior Equity Research AnalystMatthew Mc ...