LP Building Solutions Reports Fourth Quarter and Full Year 2020 Results and Provides Q1 2021 Outlook; Announces Phased Siding Capacity Expansion Plans Including Peace Valley Restart, Explores Strategi

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Go back to LP Building Solutions Reports Fourth Quarter and Full Year 2020 Results and Provides Q1 2021 Outlook; Announces Phased Siding Capacity Expansion Plans Including Peace Valley Restart, Explores Strategi

LP Building Solutions (LPX) Tops Q4 EPS by 27c, Revenues Beat

February 16, 2021 7:05 AM EST

LP Building Solutions (NYSE: LPX) reported Q4 EPS of $2.01, $0.27 better than the analyst estimate of $1.74. Revenue for the quarter came in at $860 million versus the consensus estimate of $784.92 million.

"LP ended 2020 having exceeded our 3-year transformation targets for growth and efficiency, with a cumulative EBITDA impact of $178 million. We reached this milestone a year early, largely as a result of exceptional SmartSide sales growth, which reached 30% in Q4," said LP Chairman and Chief Executive Officer Brad Southern. "In order to meet growing customer demand for SmartSide and OSB, LP will... More