Louisiana-Pacific Sees Q3 Siding Net Sales Growth 16-18% And Adj. EBITDA Of $105M-$125M; Sees 2024 Siding Net Sales Growth 14%-16% (Prior 11-13%)
Portfolio Pulse from Benzinga Newsdesk
Louisiana-Pacific (LPX) has provided financial guidance for Q3 2024 and full year 2024. The company expects Q3 siding net sales growth of 16-18% and adjusted EBITDA of $105M-$125M. For 2024, it forecasts siding net sales growth of 14-16%, up from prior guidance of 11-13%.
August 07, 2024 | 10:06 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Louisiana-Pacific (LPX) has updated its financial guidance for Q3 2024 and full year 2024. The company expects Q3 siding net sales growth of 16-18% and adjusted EBITDA of $105M-$125M. For 2024, it forecasts siding net sales growth of 14-16%, up from prior guidance of 11-13%.
The updated guidance indicates stronger than previously expected performance, particularly in siding net sales growth. This positive outlook is likely to boost investor confidence and positively impact LPX's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100