Louisiana-Pacific Expects Siding Net sales Growth Of 3%-5% For Q1, 8%-10% For 2024
Portfolio Pulse from Benzinga Newsdesk
Louisiana-Pacific projects an increase in Siding Net sales by 3%-5% for Q1 and 8%-10% for 2024. The company also forecasts Consolidated Adjusted EBITDA to be between $130 million to $145 million for Q1 and $495 million to $525 million for 2024.
February 14, 2024 | 11:04 am
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Louisiana-Pacific expects Siding Net sales growth of 3%-5% for Q1 and 8%-10% for 2024, with Adjusted EBITDA projected at $130M-$145M for Q1 and $495M-$525M for 2024.
The positive growth projections in both Siding Net sales and Adjusted EBITDA for Q1 and the full year 2024 indicate a strong financial outlook for Louisiana-Pacific. This optimistic forecast is likely to positively influence investor sentiment and potentially lead to an increase in LPX's stock price in the short term.
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