Louisiana-Pacific Corporation (LP Building Solutions) reports developments tied to engineered wood building products for new construction, repair, remodeling, and related markets. The company’s recurring news centers on its Siding portfolio, including LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions, as well as OSB and LP® Structural Solutions products such as LP® FlameBlock® Fire-Rated Sheathing, LP BurnGuard™ FRT OSB, LP WeatherLogic® Air & Water Barrier, LP® TechShield® Radiant Barrier Sheathing, LP Legacy® Premium Sub-Flooring, and LP® TopNotch® 350 Durable Sub-Flooring.
Company updates also cover quarterly results and guidance, cash dividends, product launches and color collections, sustainability recognition, forest stewardship partnerships, and segment trends across Siding, OSB, South American operations, timber, and related activities.
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.
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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.
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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.
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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.
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