Louisiana-Pacific Corp. (LPX) Misses Q1 EPS by 2c

Louisiana-Pacific Corp. (NYSE: LPX) reported Q1 EPS of $0.63, $0.02 worse than the analyst estimate of $0.65. Revenue for the quarter came in at $691 million versus the consensus estimate of $690.65 million.

COMPANY OUTLOOK

“We expect the strength in the housing market to continue in the second quarter and the demand for our products to remain robust,” Southern said. “We are focused on innovating to meet market needs and continue to diversify LP away from the commodity OSB cycle by growing our specialty products, including value-add products such as LP SmartSide Trim and Siding, LP FlameBlock® fire-rated sheathing and LP Legacy® premium sub-flooring. The fundamentals of our business remain strong and we are confident in our ability to drive enhanced value for shareholders.”

For earnings history and earnings-related data on Louisiana-Pacific Corp. (LPX) click here.

You May Also Be Interested In

• Synopsys upgraded at Piper Sandler on Intel foundry momentum, Apple opportunity
• Deutsche Bank Starts DexCom (DXCM) at Buy
• Bernstein SocGen Group Reiterates Outperform Rating on Hermes International (RMS:FP) (HESAY) after cautious commentary