Overview
Louisiana-Pacific Q3 consolidated net sales decreased by $59 mln to $663 mln
Adjusted EBITDA for Q3 beats analyst expectations
Adjusted EPS for Q3 missed analyst expectations
Outlook
Company expects Q4 siding net sales to grow by ~3% to $370 mln
Louisiana-Pacific projects full-year siding net sales growth of ~8% to $1.68 bln
Company estimates full-year capital expenditures at ~$315 mln
Result Drivers
SIDING SALES - Siding net sales increased by $22 mln, driven by 5% higher selling prices
OSB DECLINE - OSB net sales decreased by $74 mln due to lower prices and volumes
ADJUSTED EBITDA IMPACT - Decrease in Adjusted EBITDA primarily due to $55 mln impact from lower OSB prices and $5 mln from lower volumes
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Siding Sales | $443 mln | ||
Q3 Adjusted EPS | Miss | $0.36 | $0.41 (11 Analysts) |
Q3 Adjusted EBITDA | Beat | $82 mln | $80.25 mln (10 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
Wall Street's median 12-month price target for Louisiana-Pacific Corp is $111.00, about 23.1% above its November 4 closing price of $85.33
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release: ID:nBw53FvYZa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)