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LPX — Louisiana-Pacific News Story

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Engineered wood products maker Louisiana-Pacific Q3 adjusted EPS beats expectations

Overview

Louisiana-Pacific Q3 consolidated net sales decreased by $59 mln to $663 mln

Adjusted EBITDA for Q3 beats analyst expectations

Adjusted EPS for Q3 missed analyst expectations

Outlook

Company expects Q4 siding net sales to grow by ~3% to $370 mln

Louisiana-Pacific projects full-year siding net sales growth of ~8% to $1.68 bln

Company estimates full-year capital expenditures at ~$315 mln

Result Drivers

SIDING SALES - Siding net sales increased by $22 mln, driven by 5% higher selling prices

OSB DECLINE - OSB net sales decreased by $74 mln due to lower prices and volumes

ADJUSTED EBITDA IMPACT - Decrease in Adjusted EBITDA primarily due to $55 mln impact from lower OSB prices and $5 mln from lower volumes

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Siding Sales$443 mln
Q3 Adjusted EPSMiss$0.36$0.41 (11 Analysts)
Q3 Adjusted EBITDABeat$82 mln$80.25 mln (10 Analysts)
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell" Wall Street's median 12-month price target for Louisiana-Pacific Corp is $111.00, about 23.1% above its November 4 closing price of $85.33 The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago Press Release: ID:nBw53FvYZa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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