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

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

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

May 5, 2020 6:00 AM EDT

NASHVILLE, Tenn.--(BUSINESS WIRE)-- Louisiana-Pacific Corporation (LP) (NYSE: LPX) today reported its financial results for the quarter ended March 31, 2020, and provided an update on liquidity and COVID-19 pandemic response.

Key Highlights

First quarter net sales increased by one percent to $585 million First 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 share First quarter Adjusted EBITDA(1) increased by 43% to $83 million LP announces a quarterly cash dividend of $0.145 per... More