Louisiana-Pacific Q1 2024 Adj EPS $1.53 Beats $1.12 Estimate, Consolidated Net Sales $724M Beat $688.848M Estimate
Portfolio Pulse from Benzinga Newsdesk
Louisiana-Pacific (LPX) reported Q1 2024 adjusted EPS of $1.53, surpassing the $1.12 estimate, with consolidated net sales of $724M exceeding the $688.848M forecast. This represents a 23.97% increase in sales compared to the same period last year.
May 08, 2024 | 10:01 am
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Louisiana-Pacific reported a significant beat on both EPS and sales estimates for Q1 2024, indicating strong financial performance.
Beating EPS and sales estimates by a significant margin, especially with a 23.97% YOY sales increase, typically leads to positive investor sentiment and could drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100