Louisiana Pacif - LPX STOCK NEWS

Louisiana-Pacific (LPX) reported strong financial results for Q4 and full year 2024. Q4 highlights include a 3% increase in consolidated net sales to $681 million, with Siding net sales up 9% to $362 million, while OSB net sales decreased 2% to $267 million. Net income reached $63 million ($0.89 per share).

Full-year 2024 performance showed significant growth with consolidated net sales up 14% to $2.9 billion, Siding net sales increasing 17% to $1.6 billion, and OSB net sales rising 15% to $1.2 billion. Net income surged 137% to $420 million ($5.89 per share).

The company provided 2025 guidance, projecting Siding net sales growth of 7-9% to $1.65-1.7 billion and consolidated Adjusted EBITDA of $615-635 million. Capital expenditures are expected at ~$410 million for 2025.

LP Building Solutions (NYSE: LPX) has announced an 8% increase in its quarterly cash dividend. The company's Board of Directors has declared a new quarterly dividend of $0.28 per share, up from the previous $0.26 per share. The dividend will be paid on March 13, 2025, to stockholders of record as of February 27, 2025.

LP Building Solutions (NYSE: LPX) has appointed Jean-Michel Ribiéras and Ty R. Silberhorn to its Board of Directors, effective February 6, 2025. Ribiéras currently serves as Chair and CEO of Sylvamo, bringing over 35 years of manufacturing industry experience, including nearly three decades at International Paper. Silberhorn is the CEO and Board member of Apogee Enterprises (Nasdaq: APOG), with over 20 years of experience at 3M in various senior leadership positions.

Both appointees bring significant expertise in global operations and strategic growth. Ribiéras has led business operations across three continents and serves on several industry boards, while Silberhorn has demonstrated success in driving growth through process and digital innovation. The appointments aim to strengthen LP's board with experienced leaders in manufacturing and operational excellence.

LP Building Solutions (NYSE: LPX) has announced its schedule for the fourth quarter and full year 2024 earnings release and conference call. The company will release its financial results on Wednesday, February 19, 2025, followed by a conference call at 11 a.m. ET (8 a.m. PT) on the same day.

The conference call will be hosted by Brad Southern, LP Chair and CEO, and Alan Haughie, Executive VP and CFO. Interested participants can register to receive the toll-free number and personal access pin. A live webcast and presentation will be available in the News & Events section of LP's Investor Relations website, where they will also be archived for future reference.

BlueLinx Holdings (NYSE: BXC), a leading U.S. wholesale distributor of building products, and Louisiana-Pacific (NYSE: LPX), a leading manufacturer of engineered wood building products, announced the expansion of their distribution partnership.

This collaboration will now include LP's Siding Solutions brands and prefinished solutions, such as LP® SmartSide® Trim & Siding and LP® SmartSide® ExpertFinish® Trim & Siding, in the Central Region, specifically Monroe, Louisiana, and Little Rock, Arkansas.

This strategic move expands BlueLinx's stocking footprint of LP® SmartSide® to seventeen locations, spanning four of BlueLinx's regions across the United States.

Leo Oei, Vice President of Product Management and National Accounts at BlueLinx, emphasized the alignment of goals between the two companies, focusing on offering best-in-class specialty products to the single-family, multi-family, and light commercial building segments.

Sarah Galvin, LP National Account Manager, highlighted the expansion's role in broadening their distribution footprint and providing additional access to SmartSide® in both Primed and ExpertFinish®.

LP Building Solutions has appointed Jack Johnson as Vice President, Siding Manufacturing, effective immediately. Johnson, who has been with LP for nearly three decades, started his journey with the company in 1996 as a Quality Control Technician at the LP® SmartSide® Trim & Siding facility in Newberry, Michigan.

Throughout his tenure, Johnson has held various leadership positions including Plant Quality Manager, Regional Quality Manager, Plant Operations Superintendent, Plant Manager, Siding Quality Director, and most recently, Senior Director of Regional Siding Manufacturing. In his new role, he will oversee all Siding manufacturing operations, focusing on safe and sustainable production, quality control, regulatory compliance, and operational goals.

Johnson holds a Bachelor of Science in Wood Science from Michigan Technological University and previously worked as a Quality Control Technician at Trus Joist MacMillan.

LP Building Solutions and LP Foundation announced over $1.3 million in charitable contributions for 2024, marking their fifth consecutive year of increased donations and fourth straight year exceeding $500,000. The foundation distributed funds to more than 100 nonprofits and public schools, focusing on three main areas: affordable housing, environmental stewardship, and future workforce development.

The Foundation awarded nearly $500,000 in community grants, supporting initiatives like Dickinson Trail Network in Michigan and Goodwill Industries' Skilled Trades Training program. Notable partnerships include the Gary Sinise Foundation, providing LP® SmartSide® materials for veterans' homes, and disaster relief efforts following Hurricane Helene, including OSB donations for rebuilding projects.

LP Building Solutions has been recognized as one of America's Most Responsible Companies for 2025 by Newsweek, marking its second consecutive year receiving this honor. The recognition highlights LP's excellence in environmental, social, and governance (ESG) practices.

The selection process evaluated over 2,000 U.S. public companies, analyzing more than 30 key ESG performance indicators and public perception data from over 26,000 Americans. LP's sustainability initiatives focus on five main areas: governance transparency, inclusive workplace culture, environmental best practices, sustainable product development, and community investment.

As stated by LP Chair and CEO Brad Southern, this recognition reflects the company's dedication to their Building a Better World™ mission, emphasizing sustainable forestry practices and community engagement.

LP Building Solutions has appointed Leslie Davis as Vice President, Controller and Chief Accounting Officer, effective immediately. In her new role, Davis will oversee accounting, internal controls, and financial reporting, while ensuring compliance with governance standards and managing financial disclosures. Davis, who joined LP in 2020 as Assistant Controller and later became Senior Director of Internal Audit, brings over 15 years of financial reporting experience from previous roles at EY and KPMG. She is a Certified Public Accountant with both Master and Bachelor degrees in Accounting from the University of Kentucky.