Louisiana-Pacific's Q2 Net Sales Skyrocket: 'Notching Another Record Quarter,' CEO Says
Portfolio Pulse from Akanksha Bakshi
Louisiana-Pacific Corp (NYSE:LPX) reported a strong Q2 2024 with net sales growth of 33.2% YoY to $814 million, beating expectations. Siding and OSB revenues saw significant increases, leading to a gross profit rise of 121% YoY. Adjusted EPS was $2.09, surpassing the consensus of $1.93. The company also raised its 2024 outlook for Siding net sales growth. Despite the positive results, LPX shares are trading lower by 2.1% in premarket.
August 07, 2024 | 1:20 pm
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Louisiana-Pacific Corp (NYSE:LPX) reported strong Q2 2024 results with net sales growth of 33.2% YoY to $814 million, beating expectations. Despite the positive earnings report, LPX shares are trading lower by 2.1% in premarket.
The strong Q2 results, including significant revenue and profit growth, are positive indicators for LPX. However, the premarket share price drop suggests that investors may have had higher expectations or concerns about future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100