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 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.
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