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Stock impact report

LP Building Solutions Reports First Quarter 2024 Results and Increases Second Quarter and Full Year Outlook for 2024

Louisiana-Pacific Corporation (LPX) 
Last louisiana-pacific corporation earnings: 2/11 06:55 am Check Earnings Report
US:NYSE Investor Relations: lpcorp.gcs-web.com/investor-overview
Company Research Source: Business Wire
NASHVILLE, Tenn.--(BUSINESS WIRE)--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 2023Siding net sales increased by 9% to $361 millionOriented Strand Board (OSB) net sales increased by 65% to $313 millionConsolidated net sales increased by 24% to $724 millionNet income was $108 million, an increase of $85 millionNet income per diluted share was $1.48 per share, an increase of $1.19 per shareAdjusted EBITDA(1) was $182 million, an increase of $116 millionAdjusted Diluted EPS(1) was $1.53 per diluted share, an increase of $1.19 per diluted shareCash provided by operating activities was $105 million, an increase of $223 million(1)This is a non-GAAP financial measure. See “Use of Non-GAAP Information,” “Reconciliation of Net Income to Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted Inc Show less Read more
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