LP Reports First Quarter 2020 Results, Announces Quarterly Dividend, and Discusses Liquidity and COVID-19 Pandemic Response

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Go back to LP Reports First Quarter 2020 Results, Announces Quarterly Dividend, and Discusses Liquidity and COVID-19 Pandemic Response

Louisiana-Pacific Corp. (LPX) Tops Q1 EPS by 3c, Revenues Beat

May 5, 2020 6:12 AM EDT

Louisiana-Pacific Corp. (NYSE: LPX) reported Q1 EPS of $0.34, $0.03 better than the analyst estimate of $0.31. Revenue for the quarter came in at $585 million versus the consensus estimate of $577.54 million.

Key Highlights

First quarter net sales increased by one percent to $585 millionFirst quarter net income attributed to LP increased by 22% to $33 million ($0.29 per diluted share)First quarter Adjusted Diluted EPS(1) increased by $0.21 to $0.34 per shareFirst quarter Adjusted EBITDA(1) increased by 43% to $83 millionLP announces a quarterly cash dividend of... More