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 (1) This is a non-GAAP financial measure. See "Use of Non-GAAP Information," "Reconciliation of Net In ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...

The market expects Louisiana-Pacific (LPX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be rele ...

The most recent trading session ended with Louisiana-Pacific (LPX) standing at $74.57, reflecting a -0.33% shift from the previouse trading day's closing. This change lagged the S&P 500's 1.02% gain on the day. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, added 2.03%.The home construction supplier's shares have seen a decrease of 10.83% over the last month, not keeping up with the Construction sector's loss of 6.08% and the S&P 500's loss of 3.15%.The investment community will be clos ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Louisiana-Pacific (LPX) .Louisiana-Pacific currently has an average broker ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Z ...

Louisiana-Pacific (LPX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indiv ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Louisiana-Pacific (LPX) , which belongs to the Zacks Building Products - Wood industry, could be a great candidate to consider.This home construction supplier has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 26.54%.For the last reported quarter, ...

Financial Data and Key Metrics Changes - In Q4 2023, the company generated $658 million in sales and $129 million in EBITDA, bringing full-year totals to $2.6 billion in sales and $478 million in EBITDA, translating to $0.71 earnings per share for Q4 and $3.22 for the full year [33][35][36] - The full-year comparisons were negative largely due to normalized OSB prices, but the company demonstrated exceptional management of controllable elements [33][34] - The EBITDA margin for Siding in Q4 was 22%, the highest of the year, reinforcing confidence in a long-term target of 25% [45] Business Line Data and Key Metrics Changes - Siding achieved its highest EBITDA margin of the year in Q4, returning to growth after a destocking cycle in the first half of the year [28][35] - The Siding business finished Q4 with $72 million of EBITDA, while full-year EBITDA for Siding was $269 million, representing a robust margin of 20% [44][47] - OSB prices fell early in Q4 but rebounded later, contributing to a year-over-year EBITDA increase of about $17 million [48] Market Data and Key Metrics Changes - The new residential construction markets saw a meaningful recovery in the second half of 2023, with improved optimism about single-family housing starts due to a drop in interest rates [35][36] - The Repair and Remodel sector remains softer than new construction, but lower rates may encourage more sales of existing homes [36] - The current consensus for total housing starts is flat at just below 1.4 million, with expectations for a higher single-family mix [37] Company Strategy and Development Direction - The company invested $300 million in capital in 2023, focusing on growth in Siding and Structural Solutions, including the conversion of a mill in Michigan and the construction of a new facility in New York [29][30] - The strategy emphasizes a strong portfolio of products and a long runway for profitable growth, with investments in new capacity and process technologies to enhance productivity and margins [30][31] - The company aims to operate with discipline and agility, strategically investing in growth while returning cash to shareholders [38] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that interest rate reductions would significantly impact housing, potentially freeing up existing homes for sale and encouraging new construction [13][14] - The sentiment among large national builders is optimistic, with infrastructure in place to support growth [8][9] - The company anticipates a year of resumed growth in Siding, expecting revenue growth of about 8% to 10% for the full year [55] Other Important Information - The company ended 2023 with $222 million in cash and over $770 million in liquidity, despite significant investments and returns to shareholders [34] - The operations team achieved a world-class total incident rate of 0.5, reflecting improved efficiency and safety performance [39] Q&A Session Summary Question: What are the key elements affecting 2024 Siding EBITDA guidance? - Management highlighted volume increases, investments in selling and marketing, and the impact of carrying an extra mill in the network as key factors [70][71][72] Question: How is the shed business performing? - Demand for sheds recovered in the second half of last year, but it is currently the weakest sector in the order file [74][76] Question: What is the focus of the increased sales and marketing spend? - The focus is on new construction and Repair and Remodel, with a significant portion directed towards personalized marketing support for contractors [79][80] Question: What is the expected mix for Structural Solutions in 2024? - Management aims for Structural Solutions to account for 55% of the overall mix, focusing on margin management [96] Question: How does the company view the impact of sales and marketing investments? - Investments in sales and marketing are expected to create demand that will materialize later, with a bias towards improved EBITDA margins as the year progresses [92][93]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934: For the Fiscal Year Ended December 31, 2023 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-7107 LOUISIANA-PACIFIC CORPORATION (Exact name of registrant as specified in its charter) (State of Incorporation) (I.R.S. Employer 1610 West End ...