Louisiana-Pacific Corp. (LPX) Misses Q3 EPS by 5c, Miss on Revenues

Louisiana-Pacific Corp. (NYSE: LPX) reported Q3 EPS of $0.70, $0.05 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $718 million versus the consensus estimate of $741.53 million.

• Sales for the third quarter of $718 million were higher by 20 percent compared to the year ago quarter.
• Income from continuing operations was $111 million ($0.76 per diluted share) compared to $66 million ($0.45 per diluted share) in the third quarter of 2016.
• Non-GAAP adjusted income from continuing operations was $102 million ($0.70 per diluted share).
• Adjusted EBITDA from continuing operations for the third quarter was $192 million compared to $111 million in the third quarter of 2016.

COMPANY OUTLOOK

“We continue to be optimistic about the housing recovery and believe the upward trend in single family starts will continue,” Southern said. “As we move forward, we remain committed to and focused on growing our specialty products and improving operating margins in our commodity businesses.”

For earnings history and earnings-related data on Louisiana-Pacific Corp. (LPX) click here.

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