Louisiana-Pacific (LPX) Tops Q4 EPS by 32c

Louisiana-Pacific (NYSE: LPX) reported Q4 EPS of $2.24, $0.32 better than the analyst estimate of $1.92. Revenue for the quarter came in at $992 million versus the consensus estimate of $901.36 million.

GUIDANCE:

• Siding Solutions first quarter of 2022 year-over-year revenue growth expected to be approximately 10%
• OSB revenue in the first quarter of 2022 expected to be sequentially higher than the fourth quarter of 2021 by about 40%
• Adjusted EBITDA(2) for the first quarter of 2022 expected to be greater than $500 million
• Siding Solutions full year 2022 year-over-year revenue growth expected to be greater than 15%
• Given our current outlook, we expect capital expenditures for 2022 to be in the range of $400 million to $430 million, including $190 million to $200 million for the mill conversions, $130 million to $140 million for sustaining maintenance, and $80 million to $90 million for other strategic growth projects

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

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