LP Reports Fourth Quarter and Year End 2018 Results; Announces Strategic Update and Additional $600 Million Share Repurchase Plan; Appointment of Director and Provides 2019 Guidance

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Go back to LP Reports Fourth Quarter and Year End 2018 Results; Announces Strategic Update and Additional $600 Million Share Repurchase Plan; Appointment of Director and Provides 2019 Guidance

Louisiana-Pacific Corp (LPX) PT Raised to $33 at RBC Capital

February 14, 2019 6:47 AM EST

RBC Capital analyst Paul Quinn raised the price target on Louisiana-Pacific Corp (NYSE: LPX) to $33.00 (from $28.00) while maintaining a Top Pick rating.

Quinn said difficult results were overshadowed by the announcement of LPX's large scale buyback program and what looks to be a cordial relationship with an activist investor.

... More

Louisiana-Pacific Corp. (LPX) Misses Q4 EPS by 7c, Revenues Miss; Announces Additional $600M Share Buyback, Names Stephen E. Macadam to Board

February 13, 2019 6:58 AM EST

Louisiana-Pacific Corp. (NYSE: LPX) reported Q4 EPS of $0.19, $0.07 worse than the analyst estimate of $0.26. Revenue for the quarter came in at $589 million versus the consensus estimate of $616.51 million.

Net sales for the fourth quarter of $589 million, 17 percent lower than prior quarter. Total net sales for the year were $2.8 billion, 3 percent higher than the previous year.Net income for the fourth quarter was $17 million ($0.12 per diluted share) and $395 million ($2.73 per diluted share) for the year.Non-GAAP adjusted income from continuing operations was $27 million ($0.19 per diluted share) for the fourth quarter and... More