Louisiana Pacif Stock Price, News & Analysis

LP Building Solutions has been awarded the 2022 Best in Business Award by Nashville Business Journal in the Public Company category. This recognition highlights LP's commitment to innovation and excellence, particularly in overcoming challenges during the COVID-19 pandemic. LP has focused on evolving its business strategy and product offerings, leading to improved financial performance. As the company celebrates its 50th anniversary, it emphasizes its purpose of 'Building a Better World™' while enhancing community involvement and employee welfare.

LP Building Solutions (LP) was awarded the Forest Conservationist of the Year by the Tennessee Wildlife Federation on May 25, 2022. This accolade recognizes LP's commitment to sustainable forest management over the past 50 years. The awards highlight organizations making significant contributions to conservation efforts in Tennessee. LP's sustainability efforts include third-party forest certifications and substantial financial support through the LP Foundation, which has donated over $20 million to nonprofits. For more information on their sustainability practices, visit lpcorp.com/sustainability.

LP Building Solutions announced the successful production of its first LP® SmartSide® products at the Houlton, Maine facility on March 24, 2022. This marks a significant milestone in the company's multi-year plan to expand siding production capacity, driven by surging customer demand. Following the production of the APA-approved SmartSide board on April 19, 2022, the Houlton facility aims to achieve full capacity, adding 220 million square feet to LP's siding production. The project promotes sustainable practices by increasing local fiber consumption and enhancing operational efficiencies.

Louisiana-Pacific Corporation (LP) reported a strong Q1 2022, with net sales up 31% year-over-year to $1,337 million and a net income increase of 51% to $484 million ($5.60/share). The company's Siding Solutions and OSB segments showed notable growth, driven by higher prices and volumes. LP repurchased $104 million in shares during the quarter and has $214 million remaining under its buyback authorization, which has now increased to $814 million. The company also declared a quarterly dividend of $0.22/share as of May 3, 2022.

LP Building Solutions (LP) announced that Board member Dustan E. McCoy has been named to the 2022 Directorship 100 List™ by the National Association of Corporate Directors (NACD), recognizing his contributions to corporate governance. McCoy, who has been on the Board since 2002 and is the lead independent director, was acknowledged for his integrity and governance expertise. The NACD's list honors those who promote effective board practices. LP's CEO, Brad Southern, praised McCoy's impact over his 20-year tenure. This recognition reflects positively on LP's commitment to strong leadership.

LP Building Solutions (NYSE: LPX) has declared a quarterly cash dividend of $0.22 per share, payable on May 26, 2022, to stockholders on record as of May 12, 2022. This dividend reflects the company's commitment to returning value to its shareholders while maintaining a strong operational performance in the building solutions sector. LP Building Solutions, headquartered in Nashville, operates 25 plants across multiple countries, producing engineered wood products and innovative building solutions.