Louisiana Pacif - LPX STOCK NEWS

LP Building Solutions (LPX) has announced the launch of its Naturals Collection™, a new line of nature-inspired colors within the LP® SmartSide® ExpertFinish® Trim & Siding portfolio. The collection features six versatile prefinished colors designed to capture the look of stained wood, available in both cedar and brushed smooth finishes.

Unveiled at the 2025 NAHB International Builders' Show®, the new palette includes Bonsai Black, Weathered Walnut, Aged Amber, Saffron Cedar, Smoky Slate, and Washed White. This marks the first specialized color palette introduced since the ExpertFinish® product line launched in 2020. The products are backed by LP's 5/15/50-year warranty and will be available through LP's network of contractors and dealers across North America throughout 2025.

LP Building Solutions (NYSE: LPX) has scheduled its first quarter 2025 earnings conference call for Tuesday, May 6, 2025, at 11 a.m. ET (8 a.m. PT). The financial results will cover the quarter ending March 31, 2025.

The conference call will be hosted by Chair and CEO Brad Southern and Executive VP and CFO Alan Haughie. Interested participants can register to receive a toll-free number and personal access pin. A live webcast and presentation will be accessible through the Event Calendar section of LP's Investor Relations website, with archives available afterward.

LP Building Solutions (LPX) has appointed Jason Ringblom as President, effective April 7, 2025, in a strategic move to streamline operations and enhance customer experience. Ringblom, who will oversee all manufacturing and commercial operations, brings over 20 years of experience at LP, including eight years on the Executive Team.

The reorganization eliminates North American Business General Manager positions and consolidates all market-facing activities under Ringblom's leadership. The company aims to integrate Siding and OSB manufacturing while optimizing its product portfolio. Frederick Price, LP General Manager of South America, will now report to Ringblom.

Additionally, LP announced new leadership appointments including Craig Sichling as Senior Vice President, Chief Commercial Officer, alongside three new Vice Presidents: Jeremy Sellers (National Accounts), Mitch Kingston (Field Sales), and Cody Austell (Supply Chain & Customer Experience).

LP Building Solutions announced that its LP® SmartSide® Nickel Gap Siding has been named a finalist for the National Association of Home Builders' (NAHB) Best of IBS™ Awards at the International Builders' Show®, the world's largest light construction event.

The product features an 8-inch nominal width with a 7-inch reveal and is available in 16 prefinished LP® SmartSide® ExpertFinish® colors, offering both brushed smooth and cedar textures, along with a primed cedar option. The siding's versatile design allows for both vertical and horizontal installation, providing enhanced aesthetic flexibility for architects and builders.

The Best of IBS Awards recognize the most innovative and impactful products in residential construction, with finalists selected based on innovation, functionality, design, and appeal to builders and consumers.

LP Building Solutions (NYSE: LPX) has appointed Kelly Barrett to its Board of Directors, effective February 25, 2025. Barrett brings 16 years of experience from The Home Depot, where she served in key positions including Vice President and Corporate Controller, VP of Internal Audit and Corporate Compliance, and Senior VP of Home Services.

Prior to Home Depot, Barrett was Senior VP and CFO at Cousins Properties for over a decade and started her career as an Audit Manager at Arthur Andersen LLP. She currently serves on multiple boards including the Georgia Institute of Technology Board of Trustees and the YMCA of Greater Atlanta Board of Directors, where she received the Bransby Christian Leadership Award.

LP Building Solutions has received three major industry awards, highlighting its excellence in building products manufacturing and customer service. The company was awarded the Trail Blazer Award from Beacon Building Products for implementing innovative strategies with measurable success, particularly in the Northeast and New England regions.

Additionally, LP earned Vendor of the Year recognitions from both BMR and Lumbermen's Inc. for 2024. This marks BMR's second recognition of LP (previous award in 2022) and Lumbermen's third recognition (previous awards in 2019 and 2022). The awards particularly acknowledge LP's success with its LP® SmartSide® Trim & Siding and LP® Structural Solutions portfolios.

Beacon Building Products, as the largest publicly traded building products distributor in North America, selected LP among just five annual award recipients. BMR, operating over 285 home improvement stores across Canada, highlighted LP's strong product alignment with their customer base. Lumbermen's Inc., serving the Midwest and Great Lakes Regions, praised LP's consistent delivery of innovative building materials.

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.