LPX - Building Success: Louisiana-Pacific Shatters Expectations Shares Surge On Solid Q1 Performance Raised 2024 Outlook | Benzinga
Louisiana-Pacific Corp (NYSE:LPX) shares are trading higher after first-quarter 2024 results exceeded Wall Street expectations.
LPX reported net sales growth of 24% year-over-year to $724 million, beating the consensus of $688.85 million.
The company saw solid demand in the Siding sector during the quarter, with increased volumes and 9% YoY revenue growth to $361 million.
Oriented Strand Board (OSB) net sales increased by 65% to $313 million, attributed to a $62 million increase in OSB prices and a $56 million increase in sales volumes.
Adjusted EPS was $1.53, up from $0.34 YoY, beating ...