Louisiana-Pacific Corp. (LPX) Tops Q3 EPS by 1c, Announces Upper Management Changes
Louisiana-Pacific Corp. (NYSE: LPX) reported Q3 adjusted EPS of ($0.16), $0.01 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $351 million versus the consensus estimate of $344.74 million.
Louisiana-Pacific today announced that Executive Vice President Curt Stevens, LP’s chief financial officer since 1997, will move into the interim position of executive vice president and chief operating officer, newly created by the LP board of directors for the purpose of implementing its orderly management succession plan. Sallie B. Bailey will join LP as executive vice president and chief financial officer.
On Dec. 5, Stevens will become responsible for the company’s sales and marketing, operating units and support functions while Bailey will oversee financial matters. Both will report to Chief Executive Officer Rick Frost.
Louisiana-Pacific today announced that Executive Vice President Curt Stevens, LP’s chief financial officer since 1997, will move into the interim position of executive vice president and chief operating officer, newly created by the LP board of directors for the purpose of implementing its orderly management succession plan. Sallie B. Bailey will join LP as executive vice president and chief financial officer.
On Dec. 5, Stevens will become responsible for the company’s sales and marketing, operating units and support functions while Bailey will oversee financial matters. Both will report to Chief Executive Officer Rick Frost.