Louisiana-Pacific Corp. - LPX STOCK NEWS

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.

LP Building Solutions has donated LP® SmartSide® Trim & Siding for retired U.S. Army Sergeant Joshua Hargis' new mortgage-free home. The donation is part of the Gary Sinise Foundation's R.I.S.E. program, which builds specially adapted homes for wounded veterans. Sergeant Hargis, a decorated Army Ranger and K9 handler who served four tours in Afghanistan, will receive the home in a dedication ceremony on Nov. 12.

The LP Foundation, the company's nonprofit arm, has named the Gary Sinise Foundation as its national nonprofit partner, providing annual financial support and donating 100% of needed siding materials for these special homes. LP's veteran support extends to workplace initiatives through programs like Heroes MAKE America and RecruitMilitary.

Louisiana-Pacific (LPX) reported mixed Q3 2024 results with record performance in Siding but weakness in OSB. Siding net sales increased 22% to $420 million, while OSB net sales declined 24% to $253 million. Consolidated net sales decreased 1% to $722 million. Net income was $90 million ($1.28 per diluted share), down from prior year. The company maintained strong liquidity of $896 million and returned capital to shareholders through $73 million in share repurchases and $18 million in dividends during Q3.

LP Building Solutions has expanded its partnership with the Forest Workforce Training Institute to support the ForestryWorks® program. This collaboration aims to address the workforce shortage in the forestry industry by attracting and cultivating diverse talent in manufacturing, forestry, and construction trades. The program, active in 10 states, provides education, career promotion, and hands-on training.

LP's commitment aligns with National Forest Products Week, celebrating sustainable forests and innovative research. The company's Natural Resources Manager, Tim Thornhill, received the 2024 ForestryWorks® Legacy Award for his leadership. LP's support extends to other initiatives, including partnerships with the Manufacturing Institute, National Society of Black Engineers, and Vancouver Island University's training programs for Indigenous Peoples and Women in Trades.

LP Building Solutions (NYSE: LPX) has announced the date for its Third Quarter 2024 Earnings Conference Call. The company will release its financial results on Tuesday, November 5, 2024, followed by a conference call at 11 a.m. ET (8 a.m. PT) on the same day. The call will be hosted by Brad Southern, LP Chair and CEO, and Alan Haughie, Executive VP and CFO.

Interested parties can register to receive a toll-free number and personal access pin for the call. Additionally, a live webcast and accompanying presentation will be available in the News & Events section of LP's Investor Relations website. These materials will also be archived on the website for future reference.