Louisiana-Pacific Corp. (LPX) Misses Q4 EPS by 7c
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Louisiana-Pacific Corp. (LPX) Authorizes New $200M Share Buyback Plan; Completes $600 Million Share Repurchase Plan
February 11, 2020 6:58 AM ESTLouisiana-Pacific Corporation (LP) (NYSE: LPX) today reported its fourth quarter and year ended December 31, 2019, financial results and announced a strategic update and capital allocation plan.
Key Highlights for the Fourth Quarter and Full Year
Fourth quarter net sales decreased 9 percent to $537 million; Full year net sales decreased 18 percent to $2.3 billionFourth quarter LP® SmartSide® Strand revenue increased 11 percent; Full year SmartSide® Strand revenue increased 10 percentFourth quarter net loss attributed to LP was $(51) million ($(0.44) per diluted share); Full year net loss attributed to LP was... More