Building Materials Manufacturer Louisiana-Pacific's Q4 Topline Hit By Lower Volumes: Details
Portfolio Pulse from Akanksha Bakshi
Louisiana-Pacific Corp (NYSE:LPX) reported a Q4 fiscal 2023 net sales decline of 6.7% Y/Y to $658 million, surpassing consensus estimates. Adjusted EPS rose to $0.71 from $0.61 YoY, beating expectations. Adjusted EBITDA increased by 29% Y/Y to $129 million. The company saw a gross margin expansion to 24.2% and an operating margin expansion to 13.5%. Cash and equivalents stood at $222 million, with total liquidity around $770 million. LPX anticipates Siding Net sales growth of 3%-5% YoY in Q1 2024 and 8%-10% YoY growth for 2024, with Adjusted EBITDA projections of $495 million to $525 million.
February 14, 2024 | 3:44 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Louisiana-Pacific Corp reported a better-than-expected Q4 fiscal 2023 performance with a slight decline in net sales but significant improvements in adjusted EPS and EBITDA. The company also provided a positive outlook for 2024.
The positive earnings report and optimistic outlook for 2024, including expected growth in Siding Net sales and Adjusted EBITDA, are likely to instill confidence in investors. The reported increase in share price following the announcement further supports the expectation of a positive short-term impact on LPX's stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100