Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America. The Siding segment offers LP SmartSide trim and siding products, ExpertFinish prefinished siding products, and LP outdoor building solutions for premium outdoor buildings; and engineered wood siding, trim, soffit, and fascia products. The OSB segment manufactures and distributes OSB structural panel products comprising LP TechShield radiant barriers, LP WeatherLogic air and water barriers, LP Legacy premium sub-flooring products, LP FlameBlock fire-rated sheathing products, and LP TopNotch sub-flooring products. The EWP segment provides laminated veneer lumber, laminated strand lumber, and other related products; and I-joists, which are primarily used in residential and commercial floorings, roofing systems, and other structural applications. The South America segment manufactures and distributes OSB structural panel and siding products. This segment also distributes and sells related products for the region's transition to wood frame construction. It also offers timber and timberlands and other products and services. The company sells its products primarily to retailers, wholesalers, and homebuilding and industrial businesses in North America and South America, as well as in Asia, Australia, and Europe. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.
IPO Year:
Exchange: NYSE
Website: lpcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/8/2024 | $99.00 | Outperform → Market Perform | BMO Capital Markets |
| 6/17/2024 | $89.00 → $81.00 | Neutral → Sell | Goldman |
| 5/9/2024 | Buy → Neutral | Seaport Research Partners | |
| 5/3/2024 | $82.00 | Hold | Loop Capital |
| 1/11/2024 | Buy → Hold | TD Securities | |
| 9/20/2023 | $78.00 | Hold → Buy | TD Securities |
| 8/23/2023 | $76.00 | Neutral → Buy | DA Davidson |
| 7/18/2023 | $86.00 | Buy → Hold | TD Securities |
| 6/28/2023 | $49.00 → $82.00 | Hold → Buy | Truist |
| 5/4/2023 | $63.00 → $75.00 | Hold → Buy | TD Securities |
BMO Capital Markets downgraded Louisiana-Pacific from Outperform to Market Perform and set a new price target of $99.00
Goldman downgraded Louisiana-Pacific from Neutral to Sell and set a new price target of $81.00 from $89.00 previously
Seaport Research Partners downgraded Louisiana-Pacific from Buy to Neutral
Loop Capital initiated coverage of Louisiana-Pacific with a rating of Hold and set a new price target of $82.00
TD Securities downgraded Louisiana-Pacific from Buy to Hold
TD Securities upgraded Louisiana-Pacific from Hold to Buy and set a new price target of $78.00
DA Davidson upgraded Louisiana-Pacific from Neutral to Buy and set a new price target of $76.00
TD Securities downgraded Louisiana-Pacific from Buy to Hold and set a new price target of $86.00
Truist upgraded Louisiana-Pacific from Hold to Buy and set a new price target of $82.00 from $49.00 previously
TD Securities upgraded Louisiana-Pacific from Hold to Buy and set a new price target of $75.00 from $63.00 previously
4 - LOUISIANA-PACIFIC CORP (0000060519) (Issuer)
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Louisiana-Pacific Corporation (LP) (NYSE:LPX), a leading manufacturer of high-performance building products, today reported its financial results for the three and nine months ended September 30, 2024. Key Highlights for Third Quarter 2024, Compared to Third Quarter 2023 Siding net sales increased by 22% to $420 million Oriented Strand Board (OSB) net sales decreased by 24% to $253 million Consolidated net sales decreased by 1% to $722 million Net income was $90 million, a decrease of $27 million Net income per diluted share was $1.28 per share, a decrease of $0.35 per share Adjusted EBITDA(1) was $153 million, a decrease of $37 million Adjusted Diluted EPS(1) was $1.22 per d
Partnership aims to attract and cultivate the next generation of diverse tradespeople in forestry and manufacturing LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the expansion of its partnership with the Forest Workforce Training Institute, a nonprofit dedicated to developing a skilled workforce for the nation's forestry and forest products industries. Through this collaboration, LP will continue to support the Institute's ForestryWorks® program, highlighting its commitment to cultivating diverse talent, particularly in the fields of manufacturing, forestry, and construction trades. This press release features multimedia. View the
LP Building Solutions ("LP") (NYSE:LPX) today announced that it will release financial results for the third quarter 2024 on Tuesday, November 5, 2024. The company will discuss financial results for the quarter ended September 30, 2024, during a conference call held at 11 a.m. ET (8 a.m. PT) on November 5, 2024. LP Chair and Chief Executive Officer Brad Southern and Executive Vice President and Chief Financial Officer Alan Haughie will host the call. To join the conference call, register here to receive the toll-free number and your personal access pin. The live webcast and accompanying presentation will be available to the public online in the News & Events section of LP's Investor Relat
LP and the LP Foundation recognized as national partners of the Gary Sinise Foundation R.I.S.E Program, which provides our nation's most severely wounded heroes with new, specially adapted mortgage-free smart homes to help them regain their freedom and independence LP Building Solutions (LP), a leading manufacturer of high-performance building products, is proud to announce an expansion of its partnership with the Gary Sinise Foundation, furthering its commitment to our nation's heroes by donating 100% of the LP® SmartSide® Trim & Siding needed for the specially adapted mortgage-free homes built for wounded veterans. This press release features multimedia. View the full release here: https
LP® SmartSide® products are carbon negative, building on their legacy of innovation, durability and performance LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced that the entirety of its LP® SmartSide® Trim & Siding product portfolio is now officially designated as carbon negative, reinforcing the product line's established reputation for resilience, performance and environmental responsibility. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240910065305/en/LP® SmartSide® products are carbon negative, building on their legacy of innovation, durability and performance. (Phot
Sellers brings over 15 years of building products experience to LP LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of Jeremy Sellers as Vice President of OSB Sales and Marketing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903213403/en/Sellers brings over 15 years of building products experience to LP. (Photo: Business Wire) "Jeremy's exceptional sales leadership and strategic vision will be an invaluable asset to LP," said LP Executive Vice President, General Manager of OSB Jimmy Mason. "I look forward to seeing his expertise drive our business fo
Program enhancements include increased scholarship amounts and expanded enrollment capacity LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the awarding of more than 75 college scholarships to the children of LP team members for the 2024–2025 academic year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240812282388/en/In 2024, LP significantly enhanced its Scholarship Program, increasing the scholarship amount from $1,500 to $2,500 and more than doubling the number of new recipients. (Photo: Business Wire) In 2024, LP significantly enhanced its Scholarship Program, inc
LP recognized for industry-leading safety program with its 12th APA Safest Company Award since 2009 LP Building Solutions (LP), a leading manufacturer of high-performance building products, has been awarded the 2023 Safest Company Award from APA – The Engineered Wood Association. This honor marks LP's 12th win in the 16-year history of the award program, including consecutive wins in 2022 and 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240807275666/en/This honor marks LP's 12th win in the 16-year history of the award program, including consecutive wins in 2022 and 2023. (Graphic: Business Wire) The APA Safety and Heal
Louisiana-Pacific Corporation (LP) (NYSE:LPX), a leading manufacturer of high-performance building products, today reported its financial results for the three and six months ended June 30, 2024. Key Highlights for Second Quarter 2024, Compared to Second Quarter 2023 Siding net sales increased by 30% to $415 million Oriented Strand Board (OSB) net sales increased by 53% to $351 million Consolidated net sales increased by 33% to $814 million Net income was $160 million, an increase of $181 million Net income per diluted share was $2.23 per share, an increase of $2.51 per share Adjusted EBITDA(1) was $229 million, an increase of $135 million Adjusted Diluted EPS(1) was
LP unveils 2024 Sustainability Report, showcasing leadership in sustainable practices LP Building Solutions (LP), a leading manufacturer of high-performance building products, today released its 2024 Sustainability Report. This comprehensive report highlights LP's continued leadership in sustainability through five key pillars: Governance, People, Environment, Products, and Community. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240723067994/en/LP unveils 2024 Sustainability Report, showcasing leadership in sustainable practices (Photo: Business Wire) "Sustainability is essential to our long-term success and central to our s
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Goldman Sachs analyst Susan Maklari downgrades Louisiana-Pacific (NYSE:LPX) from Neutral to Sell and lowers the price target from $89 to $81.
Analysts' ratings for Louisiana-Pacific (NYSE:LPX) over the last quarter vary from bullish to bearish, as provided by 5 analysts. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 1 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 1 2 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $98.8, a high estimate of $110.00, and a low estimate of $82.00. This current average reflects an increase of 10.08% from th
DA Davidson analyst Steven Chercover maintains Louisiana-Pacific (NYSE:LPX) with a Buy and raises the price target from $98 to $110.
Investment guru Warren Buffett confirmed Wednesday the trimming of his Apple, Inc. (NASDAQ:AAPL) stake and finally shed light on the mystery stock his firm, Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK), accumulated ahead of the first quarter. Apple, Chevron Trimmed: Berkshire reduced its Apple position by a little over 116 million. The firm now owns 789,368,450 Apple shares valued at $135.36 billion, a 13F filing shows. This is the second straight quarter that the Buffett-led company has diluted its Apple stake. The iPhone manufacturer remains Berkshire’s top holding. Earlier this month, Buffett — at the annual Berkshire shareholder meeting — said the dilution has to do with fo
DA Davidson analyst Steven Chercover maintains Louisiana-Pacific (NYSE:LPX) with a Buy and raises the price target from $90 to $98.
RBC Capital analyst Matthew McKellar maintains Louisiana-Pacific (NYSE:LPX) with a Outperform and raises the price target from $88 to $105.
Analysts' ratings for Louisiana-Pacific (NYSE:LPX) over the last quarter vary from bullish to bearish, as provided by 4 analysts. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Louisiana-Pacific, presenting an average target of $84.75, a high estimate of $99.00, and a low estimate of $76.00. This upward trend is evident, with the
Sellers brings over 15 years of building products experience to LP LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of Jeremy Sellers as Vice President of OSB Sales and Marketing. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903213403/en/Sellers brings over 15 years of building products experience to LP. (Photo: Business Wire) "Jeremy's exceptional sales leadership and strategic vision will be an invaluable asset to LP," said LP Executive Vice President, General Manager of OSB Jimmy Mason. "I look forward to seeing his expertise drive our business fo
Southern will serve a three-year term for the Atlanta Fed's Nashville Branch LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of LP Chair and CEO Brad Southern to the Federal Reserve Bank of Atlanta's Board of Directors for its Nashville Branch. The Federal Reserve Board of Governors appointed Southern to a three-year term that began January 1, 2024. As a Nashville Branch director, Southern will furnish economic insights from the manufacturing and homebuilding sectors that will aid the district bank's president and head office directors in formulating monetary policy and discount rate recommendations. Southern, w
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai
The Steuben County-based manufacturing site marks the 13th siding facility in LP's portfolio NASHVILLE, Tenn., Oct. 3, 2023 /PRNewswire/ -- LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the opening of its new state-of-the-art LP® SmartSide® ExpertFinish® prefinishing facility in Bath, New York. The 90,000-square-foot facility will bring more than 60 new jobs to the area over the next several years. "I am honored to be a part of this historic day for both LP and the town of Bath." –Jason RingblomLocated on 75 acres in
NASHVILLE, Tenn., Dec. 1, 2021 /PRNewswire/ -- LP Building Solutions ((LP, NYSE:LPX), a leading manufacturer of high-performance building products, today announced the appointment of Jose A. Bayardo to its Board of Directors, effective immediately. "With Jose's experience, expertise, and perspective, he will be a valuable addition to our Board." - CEO Brad SouthernBayardo is Senior Vice President (SVP) and Chief Financial Officer (CFO) of NOV Inc. (NYSE:NOV), a leading global provider of technology and equipment to the energy industry. Based in Houston, Texas, the 28,000-emplo
NASHVILLE, Tenn., Nov. 16, 2021 /PRNewswire/ -- LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the appointment of Aaron Howald as Vice President, Investor Relations and Business Development and Craig Miles as Vice President, National Sales, OSB Marketing and Planning. Howald joined LP in 2011 and has worked in various roles for the OSB business and corporate finance, including strategy, business development, and continuous improvement before being appointed Director of Investor Relations in October 2019. During his te
Louisiana-Pacific Corporation (LP) (NYSE:LPX), a leading manufacturer of high-performance building products, today reported its financial results for the three and nine months ended September 30, 2024. Key Highlights for Third Quarter 2024, Compared to Third Quarter 2023 Siding net sales increased by 22% to $420 million Oriented Strand Board (OSB) net sales decreased by 24% to $253 million Consolidated net sales decreased by 1% to $722 million Net income was $90 million, a decrease of $27 million Net income per diluted share was $1.28 per share, a decrease of $0.35 per share Adjusted EBITDA(1) was $153 million, a decrease of $37 million Adjusted Diluted EPS(1) was $1.22 per d
LP Building Solutions ("LP") (NYSE:LPX) today announced that it will release financial results for the third quarter 2024 on Tuesday, November 5, 2024. The company will discuss financial results for the quarter ended September 30, 2024, during a conference call held at 11 a.m. ET (8 a.m. PT) on November 5, 2024. LP Chair and Chief Executive Officer Brad Southern and Executive Vice President and Chief Financial Officer Alan Haughie will host the call. To join the conference call, register here to receive the toll-free number and your personal access pin. The live webcast and accompanying presentation will be available to the public online in the News & Events section of LP's Investor Relat
Louisiana-Pacific Corporation (LP) (NYSE:LPX), a leading manufacturer of high-performance building products, today reported its financial results for the three and six months ended June 30, 2024. Key Highlights for Second Quarter 2024, Compared to Second Quarter 2023 Siding net sales increased by 30% to $415 million Oriented Strand Board (OSB) net sales increased by 53% to $351 million Consolidated net sales increased by 33% to $814 million Net income was $160 million, an increase of $181 million Net income per diluted share was $2.23 per share, an increase of $2.51 per share Adjusted EBITDA(1) was $229 million, an increase of $135 million Adjusted Diluted EPS(1) was
LP Building Solutions ("LP") (NYSE:LPX) today announced that it will release financial results for the second quarter 2024 on Wednesday, August 7, 2024. The company will discuss financial results for the quarter ended June 30, 2024, during a conference call held at 11 a.m. ET (8 a.m. PT) on August 7, 2024. LP Chair and Chief Executive Officer Brad Southern and Executive Vice President and Chief Financial Officer Alan Haughie will host the call. To join the conference call, register here to receive the toll-free number and your personal access pin. The live webcast and accompanying presentation will be available to the public online in the News & Events section of LP's Investor Relations
Based on employee feedback, LP ranks among top workplaces for company culture and employee engagement LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced that it has been recognized for the third consecutive year as a winner of the Top Workplaces of Middle Tennessee Award by The Tennessean, the state's largest newspaper and a member of the USA Today Network. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610587017/en/LP Building Solutions recognized for the third consecutive year as a winner of the Top Workplaces of Middle Tennessee Award by The Tennessean. (Graphic: Bus
Louisiana-Pacific Corporation (LP) (NYSE:LPX), a leading manufacturer of high-performance building products, today reported its financial results for the three months ended March 31, 2024. Key Highlights for First Quarter 2024, Compared to First Quarter 2023 Siding net sales increased by 9% to $361 million Oriented Strand Board (OSB) net sales increased by 65% to $313 million Consolidated net sales increased by 24% to $724 million Net income was $108 million, an increase of $85 million Net income per diluted share was $1.48 per share, an increase of $1.19 per share Adjusted EBITDA(1) was $182 million, an increase of $116 million Adjusted Diluted EPS(1) was $1.53 per d
LP Building Solutions ("LP") (NYSE:LPX) today announced that it will release financial results for the first quarter 2024 on Wednesday, May 8, 2024. The company will discuss financial results for the quarter ended March 31, 2024, during a conference call held at 11 a.m. ET (8 a.m. PT) on May 8, 2024. LP Chair and Chief Executive Officer Brad Southern and Executive Vice President and Chief Financial Officer Alan Haughie will host the call. To join the conference call, register here to receive the toll-free number and your personal access pin. The live webcast and accompanying presentation will be available to the public online in the Event Calendar section of LP's Investor Relations webs
Louisiana-Pacific Corporation (LP) (NYSE:LPX) today reported its financial results for the fourth quarter and year ended December 31, 2023. Key Highlights for the Fourth Quarter of 2023, Compared to the Fourth Quarter of the Prior Year Siding net sales decreased by 14% to $332 million on lower volumes partially offset by higher prices Oriented Strand Board (OSB) net sales increased by 6% to $272 million Consolidated net sales decreased by 7% to $658 million Net income was $59 million, an increase of $69 million Net income per diluted share was $0.81 per share, an increase of $0.92 per share Adjusted EBITDA(1) was $129 million, an increase of $29 million Adjusted Dilut
LP Building Solutions ("LP") (NYSE:LPX) today announced that its Board of Directors has declared an increased quarterly cash dividend to common stockholders of $0.26 per share, up 8% from its previous $0.24 per share quarterly dividend. The dividend will be payable March 8, 2024 to stockholders of record as of February 23, 2024. About LP Building Solutions As a leader in high-performance building solutions, Louisiana-Pacific Corporation ((LP Building Solutions, NYSE:LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP's extensive portfolio of innovative and dependable products includes Siding Solutions (LP® SmartSide® Trim
LP Building Solutions ("LP") (NYSE:LPX) today announced that it will release financial results for the fourth quarter and year-end 2023 on Wednesday, February 14, 2024. The company will discuss financial results for the quarter ended December 31, 2023, during a conference call held at 11 a.m. ET (8 a.m. PT) on February 14, 2024. LP Chair and Chief Executive Officer Brad Southern and Executive Vice President and Chief Financial Officer Alan Haughie will host the call. To join the conference call, register here to receive the toll-free number and your personal access pin. The live webcast and accompanying presentation will be available to the public online in the Event Calendar section of