Louisiana-Pacific Corporation’s (LPX) , or LP, shares gained 7.3% on Tuesday after it reported impressive third-quarter 2024 results. Earnings and net sales beat the respective Zacks Consensus Estimate. Although the metrics decreased on a year-over-year basis, LP outpaced the guidance it previously provided for the quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Backed by the solid execution of its strategy to drive growth, margin, specialization, and efficiency in the third ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 1-7107 LOUISIANA-PACIFIC CORPORATION (Exact name of registrant as specified in its charter) Delaware 93-0609074 (State or other jurisdiction of incorporation or organization)(I ...

Financial Data and Key Metrics Changes - Louisiana-Pacific Corporation generated $722 million in net sales for Q3 2024, with a 22% growth in Siding sales offsetting an $88 million decline due to lower OSB prices [7][10][34] - Siding's EBITDA reached a record $123 million, contributing significantly to the overall financial performance [7][34] - Operating cash flow was $184 million, with $44 million allocated to capital expenditures and $91 million returned to shareholders through dividends and share repurchases [9][34] Business Line Data and Key Metrics Changes - Siding net sales increased by $75 million or 22% year-over-year, driven by a 6% rise in average selling prices and a 15% increase in volume [21][34] - ExpertFinish achieved record revenue and margin, with a 44% contribution margin from incremental volume [8][22] - OSB sales and EBITDA decreased by $88 million due to lower commodity prices, but operational efficiency helped mitigate the impact [27][34] Market Data and Key Metrics Changes - The new home construction market is experiencing a slowdown, with housing starts leveling at about 1.4 million [10][12] - Repair and remodeling spending is projected to return to positive growth in 2025, which is favorable for LP's SmartSide siding [12][34] - OSB inventory is leaner, contributing to recent strength in commodity prices [13] Company Strategy and Development Direction - The company plans to invest in future growth, with a focus on expanding Siding and Structural Solutions in 2025 and beyond [15][35] - LP is positioned to address housing undersupply and aging housing stock, which are critical market needs [15] - The company is exploring various options for capacity expansion, including converting existing mills and adding new press lines [50][52] Management's Comments on Operating Environment and Future Outlook - Management noted that interest rates and affordability are key macroeconomic factors to monitor, but they remain confident in continued growth [15][34] - The company is optimistic about maintaining strong order files and managing inventory effectively in anticipation of a price increase [14][86] - Management emphasized the importance of safety and sustainability, highlighting recent achievements in these areas [19][17] Other Important Information - LP published environmental product declarations for its SmartSide product portfolio, confirming its carbon-negative status [17] - The company received the 2023 Safest Company Award from APA, marking its commitment to safety [19] Q&A Session Summary Question: Can you discuss the decision to invest in the next wave of capacity additions in Siding? - Management expressed confidence in the growth of SmartSide and the need for additional capacity to meet future demand [38][39] Question: What is the expected pricing range for 2025? - A gross price increase of 4% to 5% is anticipated, with a net expectation of around 3% [40][41] Question: How has the competitive response been from fiber cement products? - The competitive environment remains normal, with pricing managed through back-end rebates [44][46] Question: What is the outlook for OSB structural shipments? - The focus is on growing Structural Solutions, with variations based on market demand and pricing dynamics [65] Question: How does the investment in South America fit into the overall strategy? - The investment is strategic for converting construction practices in South America, with long-term growth potential [69][70] Question: What factors are driving the projected 17% volume increase in Siding? - Growth is primarily driven by new construction and repair and remodeling, with strong performance in the BuilderSeries and ExpertFinish products [73][74] Question: How does the company view market outperformance in the Siding business for next year? - Management is optimistic about achieving pre-COVID growth rates of 8% to 10% despite potential headwinds [90][91]

Louisiana-Pacific (LPX) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $1.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 38.64%. A quarter ago, it was expected that this home construction supplier would post earnings of $1.86 per share when it actually produced earnings of $2.09, delivering a surprise of 12.37%.Over the last four qu ...

In the latest market close, Louisiana-Pacific (LPX) reached $98.66, with a +0.65% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.33%. Elsewhere, the Dow saw a downswing of 0.22%, while the tech-heavy Nasdaq depreciated by 0.56%. The home construction supplier's stock has dropped by 9.58% in the past month, falling short of the Construction sector's gain of 1.4% and the S&P 500's gain of 1.83%. The investment community will be paying close attent ...

Louisiana-Pacific (LPX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Nov ...

In the latest market close, Louisiana-Pacific (LPX) reached $100.07, with a +0.43% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.92%. Meanwhile, the Dow experienced a drop of 0.96%, and the technology-dominated Nasdaq saw a decrease of 1.6%.The the stock of home construction supplier has fallen by 6.71% in the past month, lagging the Construction sector's loss of 1.67% and the S&P 500's gain of 2.68%.The investment community will be paying close attention to the ear ...

Louisiana-Pacific (LPX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this home construction supplier have returned -0.7%, compared to the Zacks S&P 500 composite's +3.8% change. During this period, the Zacks Building Products - Wood industry, which Louisiana-Pacific falls in, has gained 0.3%. The key question now is: What could be the stock's f ...

Group 1: Berkshire Hathaway's Stock Sales - Berkshire Hathaway sold 11 stocks in Q2 2024, with three stocks rising over 30% since the end of Q2 [1] - The company reduced its position in Liberty Live Group Series A by 1.29%, retaining 4.99 million shares valued at approximately $247.4 million, which have since increased by 32% [4] - Berkshire trimmed its stake in Liberty Live Group Series C by 1.93%, still holding around 10.92 million shares, which have jumped 34% since the end of Q2 [6] - In Q2, Berkshire sold over 633,000 shares of Louisiana-Pacific, representing a 9.6% reduction in its stake, while the stock has risen 31% since then [7][8] Group 2: Future Prospects for Louisiana-Pacific - Louisiana-Pacific's share price may continue to rise due to potential interest rate cuts, as the Federal Reserve recently announced a 0.5% reduction [10][11] - Lower interest rates are expected to correlate with lower mortgage rates, which should stimulate homebuilding and increase demand for Louisiana-Pacific's engineered wood products [11] - The outcome of the November elections could further impact Louisiana-Pacific positively, as proposed incentives by Vice President Kamala Harris may boost new home construction [12]

Louisiana-Pacific (LPX) closed at $106.95 in the latest trading session, marking a -1.16% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.97%. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 1.45%. Heading into today, shares of the home construction supplier had gained 16.03% over the past month, outpacing the Construction sector's gain of 8.21% and the S&P 500's gain of 5.41% in that time. The investment commun ...