Welcome to our dedicated page for Louisiana Pacif news (Ticker: LPX), a resource for investors and traders seeking the latest updates and insights on Louisiana Pacif stock.
Louisiana-Pacific Corporation, operating as LP Building Solutions (NYSE: LPX), generates a steady flow of news tied to its role in engineered wood building products and the housing market. This news page aggregates company press releases and third-party coverage so readers can follow developments affecting LPX stock and the broader building products sector.
LP’s news often centers on financial results and guidance. The company announces quarterly and full-year earnings, segment performance for Siding, OSB, and LPSA, and updates on capital allocation such as quarterly cash dividends. These disclosures provide insight into how factors like OSB pricing, siding volumes, and selling prices influence segment results and consolidated performance.
Corporate governance and leadership changes are another recurring theme. Recent communications include an announced CEO transition in which W. Bradley Southern plans to retire as Chief Executive Officer and Jason Ringblom has been appointed to succeed him on a specified effective date. LP also reports executive appointments in functions such as human resources, reflecting organizational priorities and integration strategies.
Product and brand updates feature prominently in LP news. The company highlights developments in its Siding Solutions and LP Structural Solutions portfolios, including branded products such as LP® SmartSide® and LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, LP® Outdoor Building Solutions®, LP® TechShield® Radiant Barrier Sheathing, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore® Thermal Insulated Sheathing, and LP® TopNotch® 350 Durable Sub-Flooring. Announcements may cover product recognition, color programs, and other marketing initiatives.
LP also issues news about workforce, education, and forestry partnerships, such as scholarship awards for team members’ children, tuition assistance enhancements, and collaborations with ForestryWorks® and the First Nations Forestry Council. These stories highlight the company’s engagement with sustainable forestry, workforce development, and support for its employees and their families.
Investors, analysts, builders, and other stakeholders can use this LPX news feed to monitor earnings dates, dividend declarations, leadership changes, product announcements, and strategic initiatives that may influence Louisiana-Pacific Corporation’s long-term business profile.
LP Building Solutions announced the awarding of 56 college scholarships for the 2022–23 academic year, totaling more than $2.2 million since 2001. The LP Scholarship Program has supported over 420 students, offering up to $6,000 per recipient for four years. The program emphasizes students' academic performance and community contributions. LP's investment in education reflects its commitment to employee welfare and community engagement, as stated by LP Senior Vice President Robin Everhart.
On August 9, 2022, Louisiana-Pacific Corporation (LPX) announced its Q2 2022 financial results, reporting a 3% decline in net sales from continuing operations to $1.13 billion. Siding Solutions saw a 24% sales increase to $356 million, while OSB revenue fell 14% to $673 million. Income from continuing operations dropped by 28% to $348 million. The company successfully completed the sale of its Engineered Wood Products segment on August 1, generating gross proceeds of $210 million. Adjusted EBITDA fell to $491 million, a decrease of 26%. Cash provided by operating activities rose by $26 million to $483 million.
LP Building Solutions (NYSE: LPX) has declared a quarterly cash dividend of $0.22 per share, payable on September 1, 2022, to shareholders on record as of August 18, 2022. This announcement reflects LP's ongoing commitment to returning value to its investors. The company, known for its high-performance building products, continues to strengthen its market position and provides a steady income stream for shareholders through these dividends.
LP Building Solutions (NYSE: LPX) has successfully finalized the sale of its Engineered Wood Products (EWP) business to Pacific Woodtech for $210 million. This sale encompasses LP's laminated veneer lumber and I-joist manufacturing facilities located in Wilmington, North Carolina; Red Bluff, California; and Golden, British Columbia, Canada, along with associated timber license assets and the SolidStart® brand. UBS Investment Bank served as the financial adviser for this transaction.
LP Building Solutions (LPX) will announce its financial results for Q2 2022 on August 9, 2022. The results will cover the quarter ending on June 30, 2022, and the company will hold a conference call at 11 a.m. ET to discuss these results, featuring CEO Brad Southern and CFO Alan Haughie. Interested parties can register to join the call and view the live webcast on LP's Investor Relations website. The presentation will also be archived for public access.
LP Building Solutions (LPX) has announced a $210 million agreement to sell its Engineered Wood Products (EWP) business to Pacific Woodtech. This acquisition includes LP's manufacturing facilities in Wilmington, NC; Red Bluff, CA; and Golden, BC, along with associated timber license assets and the SolidStart brand. Completion of the transaction is expected in Q3 2022, pending customary closing conditions and regulatory reviews. Both companies aim to ensure a smooth transition for employees, customers, and suppliers, marking a significant step in LP's strategic transformation.
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.
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