Louisiana-Pacific Sees Q2 Siding Net Sales Growth 20-25%, Sees FY24 Siding Net Sales Growth 11-13%
Portfolio Pulse from Benzinga Newsdesk
Louisiana-Pacific projects a 20-25% increase in Q2 siding net sales and an 11-13% growth for FY24. This forecast suggests a strong demand for their siding products and a positive outlook for the company's financial performance in the near to mid-term.
May 08, 2024 | 10:02 am
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Louisiana-Pacific's projection of 20-25% Q2 siding net sales growth and 11-13% growth for FY24 indicates a strong demand for their products and a positive revenue outlook.
The projected growth in siding net sales for both Q2 and FY24 suggests that Louisiana-Pacific is experiencing strong demand for its siding products. This is likely to positively impact investor sentiment and the company's stock price in the short term, as revenue growth is a key driver of stock performance.
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