Louisiana-Pacific Expects Siding FY23 Net Sales To Decrease By ~10% YoY; For 4Q23 Sees OSB's Net Sales Decline Sequentially By ~30%, Expects Adjusted EBITDA Of $60M-$80M
Portfolio Pulse from Benzinga Newsdesk
Louisiana-Pacific Corporation (LPX) expects a decrease in net sales for its Siding division by approximately 10% YoY in FY23. The company also anticipates a sequential decline in OSB's net sales by around 30% in 4Q23, with an expected adjusted EBITDA of $60M-$80M. Capital expenditures for 2023 are projected to be between $280M and $295M.
November 01, 2023 | 10:08 am
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Louisiana-Pacific expects a decrease in net sales for its Siding division and OSB's net sales in FY23 and 4Q23 respectively. This could potentially impact the company's stock price negatively in the short term.
The company's forecast of a decrease in net sales for its Siding division and OSB's net sales indicates a potential slowdown in business, which could negatively impact investor sentiment and lead to a decrease in the company's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100