Louisiana Pacif Stock Price, News & Analysis

Louisianna-Pacific Corporation (LPX) has priced a $350 million offering of 3.625% senior notes due March 2029. The offering is expected to close on March 11, 2021, pending customary closing conditions. Net proceeds, estimated at $337 million, will be used to acquire all existing 4.875% senior notes due 2024. The notes are being offered only to qualified institutional buyers and certain non-U.S. persons, not registered under the Securities Act. The press release includes forward-looking statements regarding the intended use of proceeds, subject to risks and uncertainties.

Louisiana-Pacific Corporation (LPX) announced a $350 million offering of senior notes due 2029. The unsecured senior obligations will be used to redeem its existing 4.875% Senior Notes due 2024. This offering targets qualified institutional buyers in the U.S. and certain non-U.S. persons under Regulation S. The company emphasizes that the notes have not been registered under the Securities Act and cannot be sold in the U.S. without proper registration. LPX, recognized for high-performance building solutions, operates 25 plants across the Americas.

Louisiana-Pacific Corporation (LP) reported a robust fourth quarter and full-year financial results for 2020. Net sales surged by 60% in Q4 to $860 million, driven by a 30% increase in SmartSide sales and a significant rise in OSB prices. Full-year net sales climbed 21% to $2.8 billion, with a net income of $499 million. The company announced a 10% dividend increase and a $300 million share buyback plan. Additionally, LP plans to convert its Houlton mill to SmartSide production in early 2022, highlighting a strategic shift to meet rising demand.

LP Building Solutions (NYSE: LPX) announced a 10% increase in its quarterly cash dividend to $0.16 per share, up from $0.145. This dividend will be payable on March 8, 2021 to shareholders of record as of February 22, 2021. The increase reflects the company's commitment to returning value to shareholders amid growth in its engineered wood products sector.

LP Building Solutions (NYSE: LPX) announced a conference call to discuss its fourth quarter and year-end 2020 financial results on Feb. 16, 2021, at 11 a.m. ET. The company will release its financial results earlier that day. CEO W. Bradley Southern and CFO Alan Haughie will host the call. Investors can join by calling (855) 638-4813 (U.S.) or (704) 288-0619 (international) with access code 9436623. The presentation will also be available online, with a replay from Feb. 16 to Feb. 23.

LP Building Solutions (NYSE: LPX) has authorized an expansion of its share repurchase program, allowing for the repurchase of up to an additional $300 million of its outstanding common stock. This action complements the existing $200 million authorization approved in February 2020, with $100 million already executed by November 2020. The move reflects the Board's confidence in LP's capital allocation strategy, strong cash flow, and commitment to enhancing shareholder value.

Louisiana-Pacific Corporation (LP) reported a substantial financial performance for Q3 and YTD 2020, with total net sales rising by 32% to $795 million, driven by significant gains in OSB and SmartSide segments. Net income attributed to LP soared to $177 million ($1.57/share), an increase of $175 million from the previous year. The company declared a quarterly cash dividend of $0.145 per share. Adjusted EBITDA for Q3 reached $273 million, bolstered by increased pricing and improved operational efficiency. Cash flow from operations was robust at $218 million, with liquidity approaching $1 billion.

LP Building Solutions (NYSE: LPX) will host a conference call on November 3, 2020, at 11 a.m. ET to discuss its third quarter 2020 financial results, which will be released in the morning of the same day. The call will feature LP's Chairman and CEO, W. Bradley Southern, and CFO, Alan Haughie. Participants can join via phone or access a live webcast through LP’s Investor Relations website. A replay will be available after the call until November 10, 2020.

The National Association of Manufacturers (NAM) announced that W. Bradley Southern, Chairman and CEO of LP Building Solutions (LPX), has joined NAM's Board of Directors. This addition aims to strengthen NAM's leadership in policy advocacy and workforce solutions. Southern, who has been with LP since 1999 and was named CEO in 2017, emphasized the importance of NAM's role in supporting manufacturing growth. The organization, which represents over 12 million manufacturing workers, seeks to cut the skills gap and promote careers in the industry through initiatives like the Creators Wanted campaign.