Louisiana Pacif Stock Price, News & Analysis

LP Building Solutions has awarded over 75 college scholarships to children of LP team members for the 2024–2025 academic year. The company has significantly enhanced its Scholarship Program, increasing the scholarship amount from $1,500 to $2,500 and more than doubling the number of new recipients. This expansion raises the annual potential enrollment to 200 students.

Since its inception, the LP Scholarship Program has awarded nearly $2.5 million in scholarships to more than 470 students. For the 2024–2025 academic year, the program awarded scholarships to 35 first-time recipients and over 40 renewal recipients. Each scholarship provides up to $10,000 for four years of full-time undergraduate study or until the student completes their academic program.

LP also offers a Tuition Assistance Program for its U.S. and Canadian team members, providing reimbursement for eligible expenses when enrolling in degree-seeking programs through accredited universities or equivalent programs through trade or vocational schools.

LP Building Solutions has been awarded the 2023 Safest Company Award from APA – The Engineered Wood Association, marking its 12th win in the 16-year history of the award program. LP achieved an industry-leading Weighted Incident Rate (WIR) of 2.56, significantly lower than the industry average of 8.74. The company won in the category for companies with 11 or more mills.

In addition to the Safest Company Award, five LP mills were individually recognized in the 2023 Safety and Health Awards. Since 2007, LP has consistently achieved a world-class total incident rate below 1.0 every year, with a rate of 0.5 in 2023. The company's commitment to safety has earned it more than 90 awards since 2010 and over 30 APA awards since 2009.

LP Building Solutions reported strong Q2 2024 results, with record sales and earnings in Siding. Key highlights include:

- Siding net sales up 30% to $415 million
- OSB net sales up 53% to $351 million
- Consolidated net sales up 33% to $814 million
- Net income of $160 million, up $181 million
- Adjusted EBITDA of $229 million, up $135 million

The company repurchased 1.2 million shares for $102 million in Q2 and paid $19 million in dividends. LP increased its Q3 and full-year Siding guidance, citing market share gains and strong execution of its strategy. The company's total liquidity stood at $867 million as of June 30, 2024.

LP Building Solutions, a leading manufacturer of high-performance building products, has released its 2024 Sustainability Report. The report highlights LP's leadership in sustainability through five key pillars: Governance, People, Environment, Products, and Community.

Key achievements include:

• Receiving the Safest Company Award from APA–The Engineered Wood Association for the 11th time in 15 years
• Releasing eight environmental product declarations, showcasing carbon-negative products representing 75% of North American net sales for 2023
• Decreasing Scope 1 and 2 greenhouse gas emissions intensity by 41% since 2019
• Achieving 80% of energy use from renewable sources in 2023
• Being named to Newsweek's list of America's Most Responsible Companies
• Donating nearly $1 million to local community causes
• Training 100% of active North American team members in inclusivity
• Offering free mental health counseling services for U.S. team members
• Sourcing 100% of wood fiber adhering to stringent forest certification standards

LP Building Solutions (NYSE: LPX) announced it will release its second quarter 2024 financial results on August 7, 2024. The results, reflecting the quarter ended June 30, 2024, will be discussed during a conference call at 11 a.m. ET (8 a.m. PT) on the same day. The call will be hosted by LP Chair and CEO Brad Southern, alongside EVP and CFO Alan Haughie. Participants can register to receive the toll-free number and access pin for the call. A live webcast and presentation will also be available on LP's Investor Relations website and will be archived for future reference.

LP Building Solutions announced that its Chair and CEO, Brad Southern, has been named the 2024 North American CEO of the Year by Fastmarkets. This is Southern's second win in five years, a rare feat noted by the analysts. He is praised for his transformation of LP from a commodity to a specialty producer and his strategic growth in the Siding segment. Southern's effective leadership and the successful execution of LP's strategy are highlighted. He joined LP in 1999 and has served as CEO since 2017. Southern will be honored at the 36th Annual Fastmarkets North American Forest Products Conference on October 29, 2024, in Chicago.

LP Building Solutions (LP), a top manufacturer of high-performance building products, has been named one of America's Climate Leaders 2024 by USA Today. This accolade highlights LP's dedication to environmental sustainability, particularly in reducing emissions intensity between 2020 and 2022.

LP's operations prioritize environmental responsibility across the product lifecycle, evidenced by its carbon-negative offerings and the use of residual biomass, which accounted for 80% of energy consumption in 2022. The recognition underscores LP's commitment to sustainable practices and contributions to a lower-carbon economy.

LP Building Solutions (LP) has been recognized for the third consecutive year as a Top Workplaces of Middle Tennessee by The Tennessean, based on employee feedback. This award highlights LP's strong company culture, employee engagement, and commitment to values, respect, and innovative growth. The recognition is based on a confidential survey conducted by Energage, evaluating employee experiences in various dimensions. LP excelled in areas such as efficient operations, strong values, and valuing employee opinions. The company focuses on team member development, competitive compensation, a safe work environment, and community outreach.

Louisiana-Pacific (LP), a leading manufacturer of high-performance building products, reported its financial results for the first quarter of 2024. Siding net sales increased by 9% to $361 million, OSB net sales increased by 65% to $313 million, and consolidated net sales rose by 24% to $724 million. Net income was $108 million, with earnings per share at $1.48. Adjusted EBITDA was $182 million, and cash provided by operating activities increased to $105 million. The company invested in capital expenditures, paid cash dividends, and repurchased common shares. LP announced a quarterly cash dividend and updated its stock repurchase program. LP Chairperson and CEO, Brad Southern, highlighted strong demand for SmartSide and Structural Solutions, leading to an increase in the second quarter and full-year outlook.