Louisiana-Pacific Corp. (LPX) Misses Q1 EPS by 1c

Louisiana-Pacific Corp. (NYSE: LPX) reported Q1 EPS of $0.33, $0.01 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $611 million versus the consensus estimate of $607.18 million.

COMPANY OUTLOOK

“With OSB prices continuing to rise so far this quarter, continued siding growth, several new product launches and relatively flat raw material pricing, I’m optimistic that we will have solid results again this quarter,” continued Stevens. “Housing and building activity was on forecast for the first quarter and all indications are that this will continue into the near future.”

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

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