LP® Reports Third Quarter 2019 Results and Provides Strategic Update
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Louisiana-Pacific Corp. (LPX) Misses Q3 EPS by 12c
November 5, 2019 6:56 AM ESTLouisiana-Pacific Corp. (NYSE: LPX) reported Q3 EPS of $0.08, $0.12 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $603 million versus the consensus estimate of $604 million.
Third Quarter Results
Net sales for the third quarter of $603 million, 18 percent lower than the prior year.LP® SmartSide® Strand sales increased 13 percent compared to the third quarter of 2018 and 10 percent for the first nine months of 2019.Overall OSB commodity price realization dropped 41 percent from... More