Louisiana-Pacific (LPX) Tops Q3 EPS by 9c, offers outlook

Louisiana-Pacific (NYSE: LPX) reported Q3 EPS of $1.62, $0.08 better than the analyst estimate of $1.54. Revenue for the quarter came in at $728 million versus the consensus estimate of $727.16 million.

Outlook:

The guidance is based on current plans and expectations and is subject to a number of known and unknown uncertainties and risks, including those set forth below under "Forward-Looking Statements."

Siding full-year 2023 Net sales is expected to decrease year-over-year by approximately 10%
OSB fourth quarter 2023 Net sales is expected to be sequentially lower than the third quarter 2023 by approximately 30%, assuming that OSB prices published by Random Lengths remain unchanged from those published on October 27, 2023 (this is an assumption for modeling purposes and not a price forecast)
Under these assumptions, fourth quarter 2023 Adjusted EBITDA(2) is expected to be $60 million to $80 million
Given our current outlook, capital expenditures for 2023 are expected to be in the range of $280 million to $295 million, including $100 million to $105 million for mill conversions, $130 million to $135 million for sustaining maintenance, and $50 million to $55 million for other strategic growth projects.

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

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