Louisiana Pacif Stock Price, News & Analysis

LP Building Solutions (NYSE: LPX) has declared a quarterly cash dividend of $0.22 per share to common stockholders. This dividend is scheduled for payment on December 1, 2022, and is available to stockholders of record as of November 9, 2022. The company, based in Nashville, Tennessee, is recognized as a leader in engineered wood building products, operating 22 plants in the U.S., Canada, Chile, and Brazil.

The LP Foundation has partnered with the Gary Sinise Foundation's R.I.S.E. Program, committing an inaugural donation of $100,000 to support veterans in need. This marks the LP Foundation's first national partnership and largest donation in 2022. The R.I.S.E. Program provides specially adapted homes for severely wounded heroes. The LP Foundation will continue supporting this program with annual donations and product contributions. This initiative extends LP's commitment to community support and aligns with its mission of Building A Better World™.

LP Building Solutions (NYSE: LPX) will release its third-quarter 2022 financial results on November 1, 2022, with a conference call scheduled for 11 a.m. ET. The call will discuss results for the quarter ending September 30, 2022 and will be hosted by Chair and CEO Brad Southern and CFO Alan Haughie. Interested participants can register to join the call and access the presentation via LP's Investor Relations website.

LP Foundation has partnered with PENCIL to launch the LP STEAM Lending Library, donating $40,000 to support Metro Nashville middle school students. This innovative library will provide 17 MNPS traditional STEAM middle schools with specialized kits for hands-on learning in subjects like robotics and geology. The initiative aims to enhance educational resources for teachers and engage students in STEAM disciplines, marking a significant commitment to public education as part of LP Building Solutions' ongoing support for the community.

LP Building Solutions has announced the promotion of Jeff Yelle to Vice President and Chief Information Officer, effective September 19, 2022, replacing retiring CIO Don Walker. Yelle, a 26-year veteran of the company, previously held roles in quality management and technology. Additionally, Jeff Sweet has been elevated to Vice President of Engineering, overseeing corporate engineering and maintenance. Sweet joined LP in June 2018 and was promoted from siding engineering manager. These changes are part of LP's strategy to enhance operational efficiency.

LP Building Solutions announced the awarding of 56 college scholarships for the 2022–23 academic year, totaling more than $2.2 million since 2001. The LP Scholarship Program has supported over 420 students, offering up to $6,000 per recipient for four years. The program emphasizes students' academic performance and community contributions. LP's investment in education reflects its commitment to employee welfare and community engagement, as stated by LP Senior Vice President Robin Everhart.

On August 9, 2022, Louisiana-Pacific Corporation (LPX) announced its Q2 2022 financial results, reporting a 3% decline in net sales from continuing operations to $1.13 billion. Siding Solutions saw a 24% sales increase to $356 million, while OSB revenue fell 14% to $673 million. Income from continuing operations dropped by 28% to $348 million. The company successfully completed the sale of its Engineered Wood Products segment on August 1, generating gross proceeds of $210 million. Adjusted EBITDA fell to $491 million, a decrease of 26%. Cash provided by operating activities rose by $26 million to $483 million.

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.