Louisiana-Pacific Corp. (LPX) Misses Q3 EPS by 12c

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Go back to Louisiana-Pacific Corp. (LPX) Misses Q3 EPS by 12c

LP® Reports Third Quarter 2019 Results and Provides Strategic Update

November 5, 2019 6:55 AM EST

Third Quarter Results

Net sales for the third quarter of $603 million, 18 percent lower than the prior year. LP® SmartSide® Strand sales increased 13 percent compared to the third quarter of 2018 and 10 percent for the first nine months of 2019. Overall OSB commodity price realization dropped 41 percent from the third quarter of 2018 and 42 percent from the first nine months of 2018. Net income attributed to LP for the third quarter was $2 million ($0.02 per diluted share) and $46 million ($0.36 per diluted share) for the first nine months of 2019. Non-GAAP adjusted income from continuing operations was $10 million... More