LPX - Building Materials Manufacturer Louisiana-Pacific's Q4 Topline Hit By Lower Volumes: Details | Benzinga
Louisiana-Pacific Corp (NYSE:LPX) reported a fourth-quarter fiscal 2023 net sales decline of 6.7% year-over-year to $658 million, beating the consensus of $619.97 million.
Siding net sales decreased by 14% Y/Y to $332 million due to 15% lower volumes partially offset by 1% higher prices. Oriented Strand Board (OSB) net sales increased by 6% to $272 million.
Adjusted EPS was $0.71, up from $0.61 YoY, beating the consensus of $0.55.
Adjusted EBITDA was $129 million, an increase of 29% Y/Y, and the margin ...