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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 (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.
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LP Building Solutions (NYSE: LPX) announced the appointment of Jose A. Bayardo to its Board of Directors, effective immediately. Bayardo, currently the CFO at NOV Inc. (NYSE: NOV), brings extensive experience in finance, strategic planning, and corporate transformations. CEO Brad Southern highlighted Bayardo's insights as pivotal for executing the company's transformation strategy. Bayardo holds degrees from prestigious universities and has a background in investment banking and leadership roles in multiple companies.
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LP Building Solutions appointed Aaron Howald as Vice President, Investor Relations and Business Development, and Craig Miles as Vice President, National Sales, OSB Marketing and Planning. Howald, who joined LP in 2011, has advanced through various roles in the OSB business and corporate finance, playing a crucial part in transforming LP into a leading building solutions company. Miles, with a history at LP since 2004, has been key in developing LP's Structural Solutions portfolio. LP operates 25 plants globally and focuses on high-performance building products.
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