Louisiana-Pacific Corp. (LPX) Tops Q1 EPS by 1c, Revenues Miss
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LP Reports First Quarter 2019 Results; Provides Strategic Update and Reaffirms 2019 Guidance
May 7, 2019 6:55 AM EDTFirst Quarter Results
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 ($0.20 per diluted share). Non-GAAP adjusted income from continuing operations was $17 million ($0.13 per diluted share). Adjusted EBITDA for the first quarter was $58 million.Strategic Update and Execution of Capital Allocation Plan
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