Louisiana Pacif Stock Price, News & Analysis

LP Building Solutions has appointed Jimmy Mason as the new Executive Vice President, General Manager of OSB, effective Feb. 28, 2022. Mason, who has over 20 years of manufacturing experience, succeeds Jason Ringblom. He has been with LP since 2006, excelling in the Siding business, notably during the challenges of the COVID-19 pandemic. Mason aims to lead the OSB segment through current supply chain challenges and is confident in achieving growth and efficiency goals. LP operates 25 plants across North America and Latin America, providing high-performance building products.

Louisiana-Pacific Corporation (LP) reported its Q4 and full-year 2021 results, showing a net sales increase of 15% to $992 million in Q4 and 63% to $4.6 billion for the full year. Net income for Q4 dropped by $62 million to $194 million, while full-year net income rose by $878 million to $1.4 billion. Adjusted EBITDA for Q4 was $305 million, down $23 million, but full-year EBITDA increased by $1.2 billion to $2 billion. The company announced a dividend increase of 22% and plans for $400 million in capital expenditures in 2022 to enhance production capacity.

LP Building Solutions (NYSE: LPX) announced a 22% increase in its quarterly cash dividend to $0.22 per share, up from $0.18. This dividend will be payable on March 14, 2022 to shareholders of record as of February 28, 2022. The increase reflects the company's commitment to delivering value to its shareholders. LP Building Solutions is recognized for its high-performance engineered wood building products, contributing to sustainable construction practices.

LP Building Solutions (LP) announced that Senior Vice President Robin Everhart was named a 2022 Women of Influence honoree by the Nashville Business Journal. Everhart has played a critical role in LP’s strategic transformation into a technology-driven building solutions company since joining in 2019. Her achievements include implementing a comprehensive talent strategy and spearheading LP's focus on diversity, equity, and inclusion. The Nashville Business Journal recognized 35 businesswomen across various categories, with an awards ceremony scheduled for May 10, 2022.

LP Building Solutions (NYSE: LPX) announced it will sell its 50% stake in two joint ventures producing I-joists to Resolute Forest Products Inc. (NYSE: RFP) for $50 million. The ventures, located in Larouche and Saint-Prime, Quebec, have been a 50-50 partnership between the companies. Following the sale, LP will become the exclusive distributor of engineered wood products from these operations. The deal is expected to close in the first half of 2022, pending regulatory approvals.

LP Building Solutions (NYSE: LPX) announced the release date for its fourth quarter and year-end 2021 financial results, scheduled for Feb. 22, 2022. The conference call, hosted by CEO Brad Southern and CFO Alan Haughie, will take place at 11 a.m. ET. Participants can join by dialing 855-638-4813 (U.S.) or 704-288-0619 (international). The results will be available on the Investor Relations website, with an archived webcast following the event.

LP Building Solutions (LPX) announced plans to establish a new LP® SmartSide® ExpertFinish® prefinishing facility on 75 acres in Bath, New York, targeting a Q3 2023 opening. This development aims to meet increasing demand for the ExpertFinish product, which has experienced significant growth since its 2020 launch. The facility will create over 60 jobs and is strategically located to serve the Northeastern housing market. The project depends on successful site acquisition and permitting while expanding LP's existing prefinishing capabilities across its three current facilities.

LP Building Solutions announced a donation of over $550,000 in 2021 through its LP Foundation, supporting local nonprofits and public schools in areas like housing and education. The foundation's significant donations included a $50,000 grant to the Adventure Science Center for an urban arboretum and contributions exceeding $10 million in teacher supplies since 2006. LP employees also volunteered extensively, reinforcing the company's commitment to community support and disaster relief efforts following several local crises.