Demo
LPX NYSE· Louisiana-Pacific Corporation
FundamentalsNews digest Peer analysis
Login
LPX NYSE· Louisiana-Pacific Corporation
Earnings report Q4 2023

LPX Reports Decrease in Net Sales for Latest Quarter

Segments of revenue

In the latest quarter, LPX reported net sales of $2.58 billion. The breakdown of revenue by business segment is as follows:

  • Siding: $1.33 billion
  • OSB: $1.03 billion
  • LPSA: $205 million
  • Other: $22 million

Strengths

LPX experienced a decrease in net sales compared to the previous year, primarily driven by lower prices and volumes in the OSB segment. However, the company managed to partially offset the decline through higher prices in the Siding segment. LPX's management is actively evaluating project schedules and market demand to determine the optimal timing for construction work, indicating a proactive approach to adapt to changing market conditions.

Challenges

LPX faced challenges in the latest quarter, with net sales decreasing by $1.27 billion (or 33%) compared to the previous year. The OSB segment was particularly affected, with a significant decline in revenue due to lower prices and volumes. The company also experienced decreases in revenue for the Siding, LPSA, and Other segments.

Noteworthy

LPX's net income decreased by $905 million (or 84%) to $178 million in the latest quarter. This decline was primarily attributed to a decrease in Adjusted EBITDA of $911 million (or 66%) and a decrease in income from discontinued operations, partially offset by a decrease in the provision for income taxes. LPX's management declared a quarterly dividend of $0.26 per share, reflecting their confidence in the company's financial position.

Summary

LPX faced challenges in the latest quarter, with a significant decrease in net sales driven by lower prices and volumes in the OSB segment. However, the company managed to partially offset the decline through higher prices in the Siding segment. LPX's management is actively evaluating project schedules and market demand, demonstrating their proactive approach to adapt to changing market conditions. Despite the decrease in net income, LPX's management remains confident in the company's financial position, as reflected in the declaration of a quarterly dividend.

Source documents

Form 10-K  filed on Feb 14, 2024
129 pages scanned

Reference data

Company financials Q4 revenue 658M
Analyst estimates Q4 EPS missed by -53.59%
Sign up to Fey

Get in-depth analysis on thousands of stocks for just $30/month. Cancel anytime.