Louisiana Pacif Stock Price, News & Analysis

LP Building Solutions (NYSE: LPX) announced it will release its second quarter 2024 financial results on August 7, 2024. The results, reflecting the quarter ended June 30, 2024, will be discussed during a conference call at 11 a.m. ET (8 a.m. PT) on the same day. The call will be hosted by LP Chair and CEO Brad Southern, alongside EVP and CFO Alan Haughie. Participants can register to receive the toll-free number and access pin for the call. A live webcast and presentation will also be available on LP's Investor Relations website and will be archived for future reference.

LP Building Solutions announced that its Chair and CEO, Brad Southern, has been named the 2024 North American CEO of the Year by Fastmarkets. This is Southern's second win in five years, a rare feat noted by the analysts. He is praised for his transformation of LP from a commodity to a specialty producer and his strategic growth in the Siding segment. Southern's effective leadership and the successful execution of LP's strategy are highlighted. He joined LP in 1999 and has served as CEO since 2017. Southern will be honored at the 36th Annual Fastmarkets North American Forest Products Conference on October 29, 2024, in Chicago.

LP Building Solutions (LP), a top manufacturer of high-performance building products, has been named one of America's Climate Leaders 2024 by USA Today. This accolade highlights LP's dedication to environmental sustainability, particularly in reducing emissions intensity between 2020 and 2022.

LP's operations prioritize environmental responsibility across the product lifecycle, evidenced by its carbon-negative offerings and the use of residual biomass, which accounted for 80% of energy consumption in 2022. The recognition underscores LP's commitment to sustainable practices and contributions to a lower-carbon economy.

LP Building Solutions (LP) has been recognized for the third consecutive year as a Top Workplaces of Middle Tennessee by The Tennessean, based on employee feedback. This award highlights LP's strong company culture, employee engagement, and commitment to values, respect, and innovative growth. The recognition is based on a confidential survey conducted by Energage, evaluating employee experiences in various dimensions. LP excelled in areas such as efficient operations, strong values, and valuing employee opinions. The company focuses on team member development, competitive compensation, a safe work environment, and community outreach.

Louisiana-Pacific (LP), a leading manufacturer of high-performance building products, reported its financial results for the first quarter of 2024. Siding net sales increased by 9% to $361 million, OSB net sales increased by 65% to $313 million, and consolidated net sales rose by 24% to $724 million. Net income was $108 million, with earnings per share at $1.48. Adjusted EBITDA was $182 million, and cash provided by operating activities increased to $105 million. The company invested in capital expenditures, paid cash dividends, and repurchased common shares. LP announced a quarterly cash dividend and updated its stock repurchase program. LP Chairperson and CEO, Brad Southern, highlighted strong demand for SmartSide and Structural Solutions, leading to an increase in the second quarter and full-year outlook.