LP Building Solutions Reports Third Quarter 2024 Results, Including Records for Siding Sales and Earnings, and Increases Full Year Guidance
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Louisiana-Pacific Corporation (LPX) reported its Q3 2024 financial results, highlighting a 22% increase in siding sales and a decrease in OSB sales by 24%. Despite a 1% drop in consolidated net sales, the company achieved record earnings and raised its full-year guidance.
November 05, 2024 | 12:30 pm
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LP Building Solutions reported a strong Q3 2024 with record earnings, driven by a 22% increase in siding sales. Despite a 1% decrease in consolidated net sales, the company raised its full-year guidance.
The significant increase in siding sales and the company's ability to achieve record earnings despite a slight drop in overall sales is positive. Raising full-year guidance indicates confidence in future performance, likely boosting investor sentiment.
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