LP Building Solutions Reports First Quarter 2021 Results, Provides Second Quarter Outlook, and Announces an Additional $1 Billion Share Repurchase Authorization

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Go back to LP Building Solutions Reports First Quarter 2021 Results, Provides Second Quarter Outlook, and Announces an Additional $1 Billion Share Repurchase Authorization

LP Building Solutions (LPX) Tops Q1 EPS by 31c, Revenues Beat

May 4, 2021 6:11 AM EDT

LP Building Solutions (NYSE: LPX) reported Q1 EPS of $3.01, $0.31 better than the analyst estimate of $2.70. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $937.19 million.

Key Highlights for the First Quarter

Net sales increased by 74% to $1.0 billionLP® SmartSide® net sales increased by 49% to $283 millionOSB net sales increased by $319 million to $539 million, $333 million of which... More