LP Reports First Quarter 2019 Results; Provides Strategic Update and Reaffirms 2019 Guidance
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Louisiana-Pacific Corp. (LPX) Tops Q1 EPS by 1c, Revenues Miss
May 7, 2019 7:01 AM EDTLouisiana-Pacific Corp. (NYSE: LPX) reported Q1 EPS of $0.13, $0.01 better than the analyst estimate of $0.12. Revenue for the quarter came in at $582 million versus the consensus estimate of $602.78 million.
Net sales for the first quarter of $582 million, 16 percent lower than the prior year.SmartSide® sales increased 13 percent compared to the first quarter of 2018.Overall OSB price realization dropped 29 percent.Net income attributed to LP for the first quarter was $27 million... More