Announcement • Jun 02
Louisiana-Pacific Corporation Announces CFO Changes, Effective September 1, 2026 On May 27, 2026, Alan J.M. Haughie, Chief Financial Officer of Louisiana-Pacific Corporation, notified the Board of Directors of LP of his intention to retire from the role of Executive Vice President and Chief Financial Officer, effective September 1, 2026. In connection with this transition, on May 28, 2026, the Board appointed Aaron Howald, who currently serves as Vice President, Investor Relations and Business Development, to succeed Mr. Haughie as Chief Financial Officer, effective September 1, 2026. Haughie joined LP in 2019 as Executive Vice President and CFO after a distinguished career spanning public accounting, manufacturing, and business services. To ensure a seamless transition and continuity through the completion of the company’s 2026 Annual Report process, Haughie will serve in an advisory capacity through February 2027. Howald joined LP 15 years ago and has held leadership positions across continuous improvement, corporate finance, business development, investor relations, and financial planning and analysis. Most recently, he served as Vice President, Investor Relations and Business Development. Prior to joining LP, he was a Senior Manager with The Thomas Group, a management consulting firm. He earned an MBA from the Indiana University Kelley School of Business and a Bachelor of Arts in Finance and Economics from Franklin College. Announcement • May 08
Louisiana-Pacific Corporation Provides Earnings Guidance for the Second Quarter and Updates Earnings Guidance for Full Year of 2026 Louisiana-Pacific Corporation provided earnings guidance for the second quarter and updated earnings guidance for full year of 2026. For the quarter, the company expects Siding Net Sales Year-Over-Year Growth to be $435 million - $445 million (approximately 4% decline).
For the year, the company expects Siding Net Sales Year-Over-Year Growth to be $1.65 billion - $1.67 billion (approximately 2% decline). Announcement • May 02
Louisiana-Pacific Corporation Building Solutions Announces Quarterly Dividend, Payable on May 28, 2026 Louisiana-Pacific Corporation announced that its Board of Directors has declared a quarterly cash dividend to common stockholders of $0.30 per share. The dividend will be payable on May 28, 2026, to stockholders of record as of May 14, 2026. Announcement • Apr 30
LP Building Solutions Unveils LP SmartSide ExpertFinish Trim and Siding Coastal Capsule LP Building Solutions, a manufacturer of high-performance building products, announced the launch of the LP SmartSide ExpertFinish Trim & Siding Coastal Capsule. This seaside-inspired color collection offers homeowners and builders a curated set of sophisticated hues that enhance curb appeal while delivering durability in coastal environments. Developed by LP’s color specialists, the Coastal Capsule features a selection of seaside-inspired tones that are designed to pair effortlessly with today’s most popular architectural styles. Available in a brushed smooth texture, this collection includes six hues from the core 16-color LP SmartSide ExpertFinish portfolio. These include Snowscape White, Sand Dunes, Desert Stone, Quarry Gray, Summit Blue, and Rapids Blue. The Coastal Capsule expands the versatility of LP SmartSide ExpertFinish Trim & Siding. This gives builders, remodelers, and homeowners greater creative freedom to design with confidence. Each color is engineered to perform in a wide range of climates, helping resist impacts from hail, moisture, and many other weather conditions that are commonly found in coastal regions. The collection is available along the Mid-Atlantic coast from North Carolina to Florida and west across the Gulf Coast, including Texas, Louisiana, Mississippi, and Alabama. Each color in the capsule is factory finished using the proven LP SmartSide ExpertFinish formula, offering consistent application, strong adhesion, and fade resistance. The product is also backed by LP’s industry-leading 5/15/50-year limited warranty, which provides added peace of mind for builders and homeowners. Announcement • Apr 08
Louisiana-Pacific Corporation to Report Q1, 2026 Results on May 06, 2026 Louisiana-Pacific Corporation announced that they will report Q1, 2026 results on May 06, 2026 Announcement • Mar 23
Louisiana-Pacific Corporation, Annual General Meeting, May 01, 2026 Louisiana-Pacific Corporation, Annual General Meeting, May 01, 2026. Announcement • Mar 03
LP Building Solutions Introduces LP BurnGuard FRT OSB LP Building Solutions announced the launch of LP BurnGuard Fire-Retardant-Treated (FRT) Oriented Strand Board (OSB), the first commercialized fire-retardant-treated OSB certified to meet the International Building Code (IBC) and International Residential Code (IRC) definitions for FRT wood structural panels. The new panel expands LP’s portfolio of fire-rated solutions, reinforcing the company’s long-term product innovation strategy and commitment to helping builders meet evolving code requirements. Designed for multifamily and other fire-rated applications, LP BurnGuard FRT OSB features fire-retardant protection fully integrated throughout the panel. The treatment is blended directly onto the wood strands before forming and pressing, delivering consistent performance through the entire thickness of the panel. Since the protection is built into the panel itself, LP BurnGuard FRT OSB installs in the same manner as standard OSB sheathing, allowing builders to meet fire-resistance requirements without changing installation methods or workflow. LP BurnGuard FRT OSB has already earned industry recognition, including designation as a Building Design + Construction Top 75 Building Product and finalist honors in the NAHB International Builders’ Show Best of IBS Awards this last February. Manufactured entirely in-house at LP facilities, the product carries a single LP-backed limited warranty. Unlike pressure-treated fire-retardant panels finished by third parties, LP BurnGuard FRT OSB incorporates the treatment during the manufacturing process. This proprietary technology developed by LP is patent pending. Engineered for versatility, the 4 by 8 foot panels are approved as APA Rated Sheathing in both 7/16 and 15/32 performance categories. The 7/16 panel carries a Wall-24 span rating and maintains full shear wall capacity for wall-only applications. The 15/32 panel supports wall applications without reduction and roof sheathing applications with a 24/16 span rating, expanding structural options for builders. LP BurnGuard FRT OSB is approved for exterior walls of Type III construction, nonbearing partitions and nonbearing exterior walls in Type I and II construction. It is also approved for other interior applications for which FRT wood sheathing is permitted by building code. The panel is designed to complement other LP fire-rated offerings, including LP FlameBlock Fire-Rated Sheathing. Announcement • Feb 17
Louisiana-Pacific Corporation Provides Earnings Guidance for the First Quarter and Full Year of 2026 Louisiana-Pacific Corporation provided earnings guidance for the first quarter and full year of 2026. For the quarter, the company expected Siding Net Sales Year-Over-Year Growth to be ~$350 million -355 million (~12% decline).
For the year, the company expected Siding Net Sales Year-Over-Year Growth to be ~ $1.7 billion (~2% growth). Announcement • Feb 13
Louisiana-Pacific Corporation Declares an Increased Quarterly Cash Dividend to Common Stockholders, Payable on March 13, 2026 Louisiana-Pacific Corporation announced that its Board of Directors has declared an increased quarterly cash dividend to common stockholders of $0.30 per share, up 7% from its previous $0.28 per share quarterly dividend. The dividend will be payable on March 13, 2026, to stockholders of record as of February 27, 2026. Announcement • Jan 28
Louisiana-Pacific Corporation Announces Board Changes Louisiana-Pacific Corporation announced its Board of Directors (Board) has elected F. Nicholas Grasberger III as independent Chairperson of the Board, effective February 19, 2026. Grasberger’s appointment follows current Chairperson and Chief Executive Officer (CEO) W. Bradley Southern’s decision to retire from the Board, including his role as director and Chairperson, on the same date. Grasberger has served on LP’s Board since 2019 and currently serves on its Compensation, Finance and Audit, and Governance and Corporate Responsibility Committees. Grasberger is Chairman, President and CEO of Enviri Corporation. Grasberger joined Enviri in 2013 as Chief Financial Officer and was named President and CEO in 2014. He became Chairman of Enviri in 2018. The Board also appointed LP President and CEO-elect Jason P. Ringblom as a Class III director, effective February 19, 2026. In his current role as President, Ringblom oversees all global manufacturing and commercial operations and has played a central role in shaping LP’s strategy and integrating key business functions. He joined LP in 2004 and has held several leadership roles, including Executive Vice President and General Manager of the company’s OSB and Siding businesses. Ozey K. Horton Jr. and McCoy will retire from the Board effective May 1, 2026, the date of LP’s annual meeting of stockholders. Announcement • Jan 08
Louisiana-Pacific Corporation to Report Q4, 2025 Results on Feb 17, 2026 Louisiana-Pacific Corporation announced that they will report Q4, 2025 results on Feb 17, 2026 Announcement • Nov 06
Louisiana-Pacific Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year of 2025 Louisiana-Pacific Corporation provided earnings guidance for the fourth quarter and full year of 2025. However, for the fourth quarter, the market has continued to weaken, so the company anticipates slightly softer growth. The company still expect a year-over-year revenue increase in the coming quarter, but of about 3% and this mostly from price. And much like the third quarter, the company expects an outsized contribution from ExpertFinish to both volume and price. Therefore, guiding to fourth quarter revenue of about $370 million.
Now this slightly reduces full year revenue growth rate from 9% to 8% for revenue of roughly $1.68 billion, while increasing full year EBITDA margin guide to about 26%. Therefore, total company EBITDA for the fourth quarter and full year are both expected to be about $5 million lower than the sum of the Siding in OSB. Announcement • Nov 04
LP Building Solutions Announces CEO Changes, Effective February 19, 2026 LP Building Solutions (LP) announced that Chief Executive Officer Brad Southern will retire effective February 19, 2026, after leading the company since 2017. The Board of Directors has appointed LP President Jason Ringblom to succeed Southern as Chief Executive Officer, effective February 19, 2026. The transition concludes a comprehensive succession process led by the Board in partnership with Southern. A 21-year LP veteran, including eight years on the Executive Team, Ringblom has extensive expertise in sales, marketing, and operations. Before becoming President, he served as Executive Vice President and General Manager of LP’s OSB and Siding businesses prior to their integration. He now oversees all global manufacturing and commercial operations, driving alignment and performance across the organization. Ringblom joined LP in 2004 and holds a bachelor’s degree in Forest Products Marketing and Business Management from the University of Minnesota. As the company enters this next chapter of leadership, LP will continue to act with purpose—driving sustainable growth, delivering long-term value for shareholders, and supporting its team members and communities. Announcement • Oct 31
Louisiana-Pacific Corporation Declares Quarterly Cash Dividend to Common Stockholders, Payable on November 21, 2025 On October 30, 2025, Louisiana-Pacific Corporation announced that its Board of Directors has declared a quarterly cash dividend to common stockholders of $0.28 per share. The dividend will be payable November 21, 2025, to stockholders of record as of November 14, 2025. Announcement • Oct 08
Louisiana-Pacific Corporation to Report Q3, 2025 Results on Nov 05, 2025 Louisiana-Pacific Corporation announced that they will report Q3, 2025 results on Nov 05, 2025 Announcement • Aug 06
Louisiana-Pacific Corporation Provides Financial Guidance for the Third Quarter and Full Year of Fiscal 2025 Louisiana-Pacific Corporation provides financial guidance for the third quarter and full year of fiscal 2025. For the quarter, the company expects siding net sales year-over-year growth to be approximately $430 million (approximately 3% growth).
For the full year, the company expects siding net sales year-over-year growth to be approximately $1.7 billion (approximately 9% growth). Announcement • Aug 01
Lp Building Solutions Declares Quarterly Cash Dividend, Payable on August 29, 2025 LP Building Solutions announced that its Board of Directors has declared a quarterly cash dividend to common stockholders of $0.28 per share. The dividend will be payable on August 29, 2025, to stockholders of record as of August 15, 2025. Announcement • Jul 09
Louisiana-Pacific Corporation to Report Q2, 2025 Results on Aug 06, 2025 Louisiana-Pacific Corporation announced that they will report Q2, 2025 results on Aug 06, 2025 Announcement • Jun 19
LP Building Solutions Appoints Tony Hamill as Senior Vice President, Chief Operating Officer Effective June 30, 2025 LP Building Solutions announced the appointment of Tony Hamill as Senior Vice President, Chief Operating Officer, effective June 30, 2025. Tony Hamill, a registered professional engineer, joined LP in 2013 and has held progressively senior leadership roles, including Vice President of Engineering and Vice President of Siding Manufacturing. He has led major initiatives to increase LP SmartSide Trim & Siding capacity, including four strategic mill conversions and the growth of the company’s ExpertFinish operations. Prior to joining LP, Hamill held leadership roles at Stantec, a global engineering firm, and served as Chief Operations Officer at Roseburg Forest Products, where he directed manufacturing operations, engineering, and sales and marketing. He holds a Bachelor of Science in Electrical Engineering from the University of New Brunswick. Announcement • May 14
Louisiana-Pacific Corporation Announces Election of Lizanne C. Gottung to Serve as Class I Director The annual meeting of the stockholders of Louisiana-Pacific Corporation was held on May 8, 2025. Election of Lizanne C. Gottung to serve as Class I director of the Company until the 2028 annual meeting of stockholders and until their successors are duly elected and qualified. Announcement • Apr 09
LP Building Solutions Unveils New Naturals Collection in LP®? SmartSide®? ExpertFinish®? Portfolio LP Building Solutions (LP) announced the launch of its Naturals Collection™--a new line of nature-inspired colors within the LP® SmartSide® Expert finish® Trim & Siding portfolio. Unveiled at the 2025 NAHB International Builders' Show®?, the Naturals Collection offers six versatile pre finished colors designed to capture the look of stained wood, available in both cedar and brushed smooth finishes. This marks the first specialized color palette introduced since the Expert finish®? product line launched in 2020. The new Naturals palette includes Bonsai Black, Weathered Walnut, Aged Amber, Saffron Cedar, Smoky Slate, and Washed White. Each prefinished option is engineered for durability and backed by LP's 5/15/50-year limited warranty, giving builders and homeowners added peace of mind. The Naturals Collection will be available through LP's extensive network of contractors and dealers across North America throughout 2025. With this expansion, LP reinforces its role as an industry leader in resilient, contemporary siding solutions--offering a combination of beauty, strength, and lasting performance. Announcement • Apr 08
Louisiana-Pacific Corporation to Report Q1, 2025 Results on May 06, 2025 Louisiana-Pacific Corporation announced that they will report Q1, 2025 results on May 06, 2025 Announcement • Apr 03
LP Building Solutions Announces Management Appointments LP Building Solutions announced the appointment of Executive Vice President, General Manager of Siding Jason Ringblom to the newly created role of President, overseeing all manufacturing and commercial operations, effective April 7, 2025. This leadership transition is part of LP’s long-term succession planning, ensuring continuity of strong leadership and positioning the company for its next phase of growth. With this new structure, LP has eliminated the North American Business General Manager positions, and Ringblom will continue reporting to LP Chair & CEO Brad Southern. As President, Ringblom will lead this transition, defining the new structure, appointing leadership, and aligning processes to ensure a seamless integration. As part of these changes, LP General Manager of South America Frederick Price will now report to Ringblom. With more than 20 years at LP, including eight years on the Executive Team, Ringblom brings extensive expertise in sales, marketing, and operations. Having progressed through key leadership roles at the company—including General Sales Manager, Vice President of OSB Sales & Marketing, Executive Vice President & General Manager of OSB, and most recently, Executive Vice President & General Manager of Siding—he is well-equipped to drive this transformation. His collaborative leadership style, strategic vision, and ability to drive results position LP for continued success. In addition to Ringblom’s appointment as President, LP has also appointed Craig Sichling to the newly created role of Senior Vice President, Chief Commercial Officer and named three new Vice Presidents, including Vice President of National Accounts Jeremy Sellers, Vice President of Field Sales Mitch Kingston, and Vice President of Supply Chain & Customer Experience Cody Austell. These changes are designed to strengthen LP’s commitment to serving customers, ensuring the company continues to deliver high-quality building products and innovative solutions to meet their evolving needs. Announcement • Mar 28
Louisiana-Pacific Corporation, Annual General Meeting, May 08, 2025 Louisiana-Pacific Corporation, Annual General Meeting, May 08, 2025. Announcement • Feb 28
LP Building Solutions Appoints Kelly Barrett to its Board of Directors LP Building Solutions announced the appointment of Kelly Barrett to its Board of Directors, effective February 25, 2025. Barrett brings extensive leadership experience, having held several senior roles during her 16-year tenure at The Home Depot Inc. Her positions included Vice President and Corporate Controller, Vice President of Internal Audit and Corporate Compliance, and most recently, Senior Vice President of Home Services. Prior to joining The Home Depot, she served as Senior Vice President and Chief Financial Officer of Cousins Properties Inc. for over a decade and began her career as an Audit Manager at Arthur Andersen LLP. Beyond her professional achievements, Barrett is an active leader in corporate governance and community service. She serves on the Georgia Institute of Technology Board of Trustees, the Advisory Board of the Scheller College of Business, and the YMCA of Greater Atlanta Board of Directors. In recognition of her contributions, she received the YMCA’s highest honor, the Bransby Christian Leadership Award. She is also a board member of the National Association of Corporate Directors, where she previously served as Program Chair. Barrett holds a Bachelor of Science in Industrial Management from Georgia Institute of Technology, where she was recently honored with the 2023 Joseph Mayo Pettit Distinguished Service Award. Announcement • Feb 19
Louisiana-Pacific Corporation Provides Earnings Guidance for the First Quarter and Full Year for 2025 Louisiana-Pacific Corporation provided earnings guidance for the first quarter and for the full year 2025. For the first quarter, the company expects Siding Net sales year-over-year growth of $390 million to $400 million.
For the year, the company expects Siding Net sales year-over-year growth of $1,650 million to $1,700 million. Announcement • Feb 15
Louisiana-Pacific Corporation Announces Increased Quarterly Dividend, Payable on March 13, 2025 Louisiana-Pacific Corporation announced that its Board of Directors has declared an increased quarterly cash dividend to common stockholders of $0.28 per share, up 8% from its previous $0.26 per share quarterly dividend. The dividend will be payable on March 13, 2025, to stockholders of record as of February 27, 2025. Announcement • Feb 10
Louisiana-Pacific Corporation Announces Board and Committee Appointments On February 6, 2025, the Board of Directors (the “Board”) of Louisiana-Pacific Corporation appointed each of Jean-Michel Ribiéras and Ty R. Silberhorn as a director of the Company, effective February 6, 2025. Mr. Ribiéras will serve as a Class II director with a term expiring at the 2026 annual meeting of the Company’s stockholders, and Mr. Silberhorn will serve as a Class III director with a term expiring at the 2027 annual meeting of the Company’s stockholders. Mr. Ribiéras will serve on the Finance and Audit Committee and the Governance and Corporate Responsibility Committee of the Board, and Mr. Silberhorn will serve on the Compensation Committee and the Governance and Corporate Responsibility Committee of the Board. Ribiéras was named Chair and Chief Executive Officer of Sylvamo, a global paper company operating across Europe, Latin America, and North America, following its spinoff from International Paper in 2021. With more than 35 years of experience in the manufacturing industry including nearly three decades at International Paper, where he rose to the position of Senior Vice President of Global Paper Ribiéras has developed extensive global expertise. He has led business operations across three continents and held key leadership positions, demonstrating a strong track record of strategic and operational success. In addition to his professional achievements, Ribiéras is an active leader in industry organizations. He serves on the boards of the American Forest & Paper Association and the U.S.-Brazil CEO Forum, and he previously contributed as a board member of the Brazil Pulp & Paper Association. Ribiéras earned an MBA in Marketing from the Barney School of Business at the University of Hartford and a Bachelor of Science in Business Management from Ecole Superieure des Dirigeants d'Entreprise in France. Silberhorn serves as Chief Executive Officer and a member of the Board of Directors at Apogee Enterprises Inc. Prior to this, Silberhorn spent over 20 years at 3M, where he held several senior leadership positions, including Senior Vice President of Transformation Technologies and Services, Division President of 3M Industrial Adhesives and Tapes, Division President of 3M Display Materials and Systems, and Division President of Consumer Health Care. In these capacities, he championed process and digital innovation to drive growth and productivity, establishing a strong record of operational excellence. Beyond his professional work, Silberhorn is an active board member for the University of Minnesota Foundation and Friends of the Saint Paul Public Library and serves on the Dean's Advisory Council at Indiana University's Kelley School of Business. He holds an MBA in Marketing and Operations Management from the Carlson School of Management at the University of Minnesota and a Bachelor of Science in Marketing from Indiana University. Announcement • Jan 22
Louisiana-Pacific Corporation to Report Q4, 2024 Results on Feb 19, 2025 Louisiana-Pacific Corporation announced that they will report Q4, 2024 results on Feb 19, 2025 Announcement • Nov 27
Louisiana-Pacific Corporation Announces Derek Doyle Stepped Down as Vice President, Controller, and Chief Accounting Officer Louisiana-Pacific Corporation announced In connection with an internal reorganization, Derek Doyle stepped down from his position as Vice President, Controller, and Chief Accounting Officer of the company on November 25, 2024. Mr. Doyle’s departure is not the result of any disagreement with the Company with respect to any matter relating to the Company’s financial reporting or operations, policies or practices. Mr. Doyle will remain with the Company in an advisory capacity through December 31, 2024. Announcement • Nov 25
Lp Building Solutions Appoints Leslie Davis as Vice President, Controller and Chief Accounting Officer LP Building Solutions (LP) announced the appointment of Leslie Davis to Controller and Chief Accounting Officer, effective immediately. In her new role, Davis will oversee LP’s accounting, internal controls, and financial reporting. She will also be responsible for ensuring compliance with governance standards and managing both internal and external financial disclosures. Davis joined LP in 2020 as Assistant Controller and was promoted to Senior Director of Internal Audit the following year. She brings more than 15 years of experience in financial reporting, having held key roles at EY and KPMG before joining LP. A Certified Public Accountant, Davis earned her Master of Science in Accounting and a Bachelor of Science in Accounting from the University of Kentucky. Declared Dividend • Nov 12
Third quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 20th November 2024 Payment date: 27th November 2024 Dividend yield will be 0.9%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 10% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 06
Third quarter 2024 earnings released: EPS: US$1.29 (vs US$1.64 in 3Q 2023) Third quarter 2024 results: EPS: US$1.29 (down from US$1.64 in 3Q 2023). Revenue: US$722.0m (flat on 3Q 2023). Net income: US$90.0m (down 24% from 3Q 2023). Profit margin: 13% (down from 16% in 3Q 2023). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Announcement • Nov 05
Louisiana-Pacific Corporation Provides Sales Guidance for the Fourth Quarter and Full Year of 2024 Louisiana-Pacific Corporation provided sales guidance for the fourth quarter and full year of 2024. For the quarter, the company expects Siding Net sales year-over-year growth of 9% to 10%.
For the year, the company expects Siding Net sales year-over-year growth of 17%. Announcement • Oct 08
Louisiana-Pacific Corporation to Report Q3, 2024 Results on Nov 05, 2024 Louisiana-Pacific Corporation announced that they will report Q3, 2024 results on Nov 05, 2024 Recent Insider Transactions • Aug 25
Chairman & CEO recently sold €2.7m worth of stock On the 21st of August, William Southern sold around 33k shares on-market at roughly €83.95 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Declared Dividend • Aug 12
Second quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 20th August 2024 Payment date: 3rd September 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 09
Louisiana-Pacific Corporation announces Quarterly dividend, payable on September 03, 2024 Louisiana-Pacific Corporation announced Quarterly dividend of USD 0.2600 per share payable on September 03, 2024, ex-date on August 20, 2024 and record date on August 20, 2024. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: US$2.22 (vs US$0.28 loss in 2Q 2023) Second quarter 2024 results: EPS: US$2.22 (up from US$0.28 loss in 2Q 2023). Revenue: US$814.0m (up 33% from 2Q 2023). Net income: US$160.0m (up US$180.0m from 2Q 2023). Profit margin: 20% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Aug 07
Louisiana-Pacific Corporation Provides Sales Guidance for the Third Quarter and Full Year of 2024 Louisiana-Pacific Corporation provided sales guidance for the third quarter and full year of 2024. For the quarter, the company expects Siding Net sales year-over-year growth of 16% to 18%.
For the year, the company expects Siding Net sales year-over-year growth of 14% to 16%. New Risk • Jul 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (9.7% net profit margin). Announcement • Jul 11
Louisiana-Pacific Corporation to Report Q2, 2024 Results on Aug 07, 2024 Louisiana-Pacific Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €81.52, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Forestry industry in Europe. Total returns to shareholders of 60% over the past three years. Declared Dividend • May 10
First quarter dividend of US$0.26 announced Shareholders will receive a dividend of US$0.26. Ex-date: 21st May 2024 Payment date: 5th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 3.7%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 12% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$1.50 (vs US$0.29 in 1Q 2023) First quarter 2024 results: EPS: US$1.50 (up from US$0.29 in 1Q 2023). Revenue: US$724.0m (up 24% from 1Q 2023). Net income: US$108.0m (up 414% from 1Q 2023). Profit margin: 15% (up from 3.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Apr 11
Louisiana-Pacific Corporation to Report Q1, 2024 Results on May 08, 2024 Louisiana-Pacific Corporation announced that they will report Q1, 2024 results on May 08, 2024 Announcement • Apr 09
Lp Building Solutions Expands LP NovaCore® Thermal Insulated Sheathing Line for More Energy-Efficient Homes LP Building Solutions (LP) announced a significant expansion in its LP NovaCore® Thermal Insulated Sheathing line. Introducing two new thickness options, R3 and R7, the company broadens the options available to builders and homeowners seeking more efficient homes with lower energy costs. With the latest variations, builders now have three foam thickness options: 1/2-inch foam (R3), 1-inch foam (R5) and 1-1/2-inch foam (R7). Featuring cutting-edge Owens Corning® FOAMULAR® NGX™ XPS foam, these panels can strengthen thermal resistance and help shield homes against fluctuating temperatures. This provides potential energy savings for homeowners. LP NovaCore sheathing’s installation mirrors traditional OSB structural sheathing and utilizes standard 2x4 spacing so that builders can seamlessly integrate these panels into their projects without the need for extensive framing adjustments. This streamlined approach enhances construction efficiency to help save time and money. LP NovaCore sheathing is among the few insulated panel products designed for high performance at extreme temperatures. The R-value measures thermal resistance and how well a particular material keeps heat from moving into or out of a structure. LP NovaCore sheathing is made with Owens Corning’s continuously extruded polystyrene (XPS), which provides continuous insulation without the long-term R-value deterioration associated with other foam insulation products. By providing varying levels of insulation, LP empowers building professionals to meet diverse national building codes and certifications, including LEED®, ENERGY STAR® and Green Building Standard ICC 700-2008. Announcement • Mar 28
Louisiana-Pacific Corporation, Annual General Meeting, May 10, 2024 Louisiana-Pacific Corporation, Annual General Meeting, May 10, 2024, at 07:30 Central Standard Time. Agenda: To elect three class iii directors; to ratify the appointment of Deloitte & touche LLP as LP'S independent registered public accounting firm for 2024; to approve, on a non-binding, advisory basis, named executive officer compensation; and to transact such other business as may properly come before the annual meeting or any postponement, recess or adjournment thereof ; and to consider other matters if any. Announcement • Mar 27
LP Building Solutions Launches Innovative LP® SmartSide® Pebbled Stucco Panel Siding LP Building Solutions (LP) announced the launch of LP®? SmartSide®? Pebbled Stucco Panel Siding, the latest addition to the company's durable, versatile collection of engineered wood products. Available nationwide starting April 1, 2024, LP SmartSide Pebbled Stucco panel Siding comes in 9 and 10 foot lengths, offering both square edge or shiplap detailing. Primed for exceptional paint adhesion, Pebbled Stucco PanelSiding provides advanced durability across diverse climates and aims to be more durable than traditional stucco. Backed by an 5/50-year limited warranty, LP SmartSide PebbledStucco helps ensure longer lasting performance and peace of mind, offering reassurance to both builders and homeowners. Maintaining its commitment to pioneering advancements in the building sector, LP continues to define the standard of excellence with engineered wood products. The introduction of Pebbled Stucco Panel siding underscores LP's dedication to delivering resilient and contemporary siding solutions, providing builders and homeowners alike with exceptional quality and durability. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$2.47 (vs US$11.39 in FY 2022) Full year 2023 results: EPS: US$2.47 (down from US$11.39 in FY 2022). Revenue: US$2.58b (down 33% from FY 2022). Net income: US$178.0m (down 80% from FY 2022). Profit margin: 6.9% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Forestry industry in Europe. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Feb 14
Louisiana-Pacific Corporation Provides Earnings Guidance for the First Quarter and for the Full Year 2024 Louisiana-Pacific Corporation provided earnings guidance for the first quarter and for the full year 2024. For the period, the company expects Siding Net sales year-over-year growth 3% to 5%.For the year, the company expects Siding Net sales year-over-year growth 8% to 10%. Announcement • Feb 10
LP Building Solutions Announces Increased Quarterly Dividend, Payable on March 8, 2024 LP Building Solutions announced that its Board of Directors has declared an increased quarterly cash dividend to common stockholders of $0.26 per share, up 8% from its previous $0.24 per share quarterly dividend. The dividend will be payable March 8, 2024 to stockholders of record as of February 23, 2024. Announcement • Jan 18
Louisiana-Pacific Corporation to Report Q4, 2023 Results on Feb 14, 2024 Louisiana-Pacific Corporation announced that they will report Q4, 2023 results on Feb 14, 2024 Announcement • Nov 02
Louisiana-Pacific Corporation Provides Revenue Guidance for the Fourth Quarter and Full Year 2023 Louisiana-Pacific Corporation provides revenue guidance for the fourth quarter and Full Year 2023. For the quarter, Net sales is expected to be sequentially lower than the third quarter 2023 by approximately 30%Siding full-year 2023 Net sales is expected to decrease year-over-year by approximately 10%. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.24 per share at 1.8% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 22 November 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.4%). Announcement • Oct 27
Lp Building Solutions Announces Quarterly Dividend, Payable on November 22, 2023 LP Building Solutions announced that its Board of Directors has declared a quarterly cash dividend to common stockholders of $0.24 per share. The dividend will be payable on November 22, 2023, to stockholders of record as of November 10, 2023. Announcement • Oct 12
Louisiana-Pacific Corporation to Report Q3, 2023 Results on Nov 01, 2023 Louisiana-Pacific Corporation announced that they will report Q3, 2023 results on Nov 01, 2023 Announcement • Aug 30
LP Building Solutions Launches Amazon Storefront with LP Structural Solutions Accessories LP Building Solutions (LP) announced the launch of its first-ever Amazon storefront, featuring select LP Structural Solutions accessories, including LP Legacy Premium Sub-Floor Adhesive, LP Legacy Sub-Floor Adhesive Applicator, LP Legacy Polyurethane Foam Cleaner, LP WeatherLogic Seam & Flashing Tape, and LP WeatherLogic Seam & Flashing Sealant. To celebrate the launch, LP is offering an introductory discount on some products available on the platform. LP provides tools and solutions that make it easier for building professionals to deliver high-quality projects. This includes today's Amazon storefront launch, which makes this suite of products available for online purchase for the first time. For instance, LP Legacy Premium Sub-Floor Adhesive, LP Legacy Sub-Floor Adhesive Applicator and LP Legacy Polyurethane Foam Cleaner are all designed to work in tandem with LP Legacy® Premium Sub-Flooring and can save valuable time, labor, money and materials on a job site. One 29-ounce can of LP Legacy Adhesive is equal to up to 12 times the coverage of a typical tube of conventional sub-flooring adhesive. The adhesive can be applied to wet, dry or frozen lumber—in addition to treated lumber, masonry, decking, concrete and metals—allowing work to continue in various weather conditions. LP WeatherLogic Seam & Flashing Tape and LP WeatherLogic Seam & Flashing Sealant are both designed to work with LP WeatherLogic Air & Water Barrier, a Structural 1-rated wall and roof sheathing panel that offers structural defense and helps protect against air and water infiltration. It can be installed with either accessory to help safeguard homes from water intrusion while allowing moisture vapor to escape. Whether installed with tape or sealant, this system helps create more premium, sustainable, durable and weather-resistant builds. LP Structural Solutions accessories are now available on Amazon. Buying Opportunity • Aug 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.8%. The fair value is estimated to be €70.22, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 22%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 29% per annum over the same time period. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.24 per share at 1.4% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%). Announcement • Jul 29
LP Building Solution Announces Quarterly Dividend, Payable on August 25, 2023 LP Building Solutions announced that its Board of Directors has declared a quarterly cash dividend to common stockholders of $0.24 per share. The dividend will be payable August 25, 2023, to stockholders of record as of August 11, 2023. Announcement • Jul 13
Louisiana-Pacific Corporation to Report Q2, 2023 Results on Aug 02, 2023 Louisiana-Pacific Corporation announced that they will report Q2, 2023 results on Aug 02, 2023 New Risk • Jul 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (15% net profit margin). Announcement • Jun 25
Louisiana-Pacific Corporation(NYSE:LPX) dropped from Russell 1000 Growth Index Louisiana-Pacific Corporation(NYSE:LPX) dropped from Russell 1000 Growth Index Announcement • May 04
Louisiana-Pacific Corporation Provides Revenue Guidance for Second Quarter 2023 Louisiana-Pacific Corporation provided revenue guidance for Second Quarter 2023. For the period, the company expects siding solutions second quarter 2023 revenue is expected to decrease year-over-year by up to 5% and OSB second quarter 2023 revenue is expected to be sequentially higher than the first quarter 2023 by approximately 20%, assuming that OSB prices published by Random Lengths remain unchanged from those published on April 28, 2023 (this is an assumption for modeling purposes and not a price forecast). Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$0.29 (vs US$4.97 in 1Q 2022) First quarter 2023 results: EPS: US$0.29 (down from US$4.97 in 1Q 2022). Revenue: US$584.0m (down 50% from 1Q 2022). Net income: US$21.0m (down 95% from 1Q 2022). Profit margin: 3.6% (down from 36% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 45% per year. Upcoming Dividend • Mar 02
Upcoming dividend of US$0.24 per share at 1.6% yield Eligible shareholders must have bought the stock before 09 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%). Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$11.39 (vs US$14.20 in FY 2021) Full year 2022 results: EPS: US$11.39 (down from US$14.20 in FY 2021). Revenue: US$3.85b (down 15% from FY 2021). Net income: US$888.0m (down 36% from FY 2021). Profit margin: 23% (down from 30% in FY 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 2.5% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Louisiana-Pacific Corporation Announces Quarterly Dividend, Payable on March 31, 2023 Louisiana-Pacific Corporation announced that its Board of Directors has declared an increased quarterly cash dividend to common stockholders of $0.24 per share, up 9% from its previous $0.22 per share quarterly dividend. The dividend will be payable March 31, 2023, to stockholders of record as of March 10, 2023. Announcement • Feb 01
Louisiana-Pacific Corporation to Report Q4, 2022 Results on Feb 21, 2023 Louisiana-Pacific Corporation announced that they will report Q4, 2022 results on Feb 21, 2023 Recent Insider Transactions • Dec 19
Independent Director recently sold €211k worth of stock On the 15th of December, Lizanne Gottung sold around 4k shares on-market at roughly €58.78 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €90k more than they sold in the last 12 months. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Jose Bayardo was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: US$1.74 (vs US$3.88 in 3Q 2021) Third quarter 2022 results: EPS: US$1.74 (down from US$3.88 in 3Q 2021). Revenue: US$852.0m (down 30% from 3Q 2021). Net income: US$129.0m (down 65% from 3Q 2021). Profit margin: 15% (down from 30% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to decline by 16% p.a. on average during the next 3 years, while revenues in the Forestry industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
Louisiana-Pacific Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year 2022 Louisiana-Pacific Corporation provided earnings guidance for the fourth quarter and full year 2022. For the quarter, the company expects siding Solutions fourth quarter of 2022 year-over-year revenue growth expected to be greater than 30%.Siding Solutions full-year 2022 expected year-over-year revenue growth continues to be approximately 24%. Announcement • Oct 29
LP Building Solutions Announces Quarterly Dividend, Payable on December 1, 2022 LP Building Solutions announced that its Board of Directors has declared a quarterly cash dividend to common stockholders of $0.22 per share. The dividend will be payable December 1, 2022, to stockholders of record as of November 9, 2022. Announcement • Oct 06
Louisiana-Pacific Corporation to Report Q3, 2022 Results on Nov 01, 2022 Louisiana-Pacific Corporation announced that they will report Q3, 2022 results at 9:30 AM, US Eastern Standard Time on Nov 01, 2022 Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: US$4.28 (vs US$4.93 in 2Q 2021) Second quarter 2022 results: EPS: US$4.28 (down from US$4.93 in 2Q 2021). Revenue: US$1.13b (down 15% from 2Q 2021). Net income: US$347.0m (down 30% from 2Q 2021). Profit margin: 31% (down from 38% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 20% compared to a 2.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
LP Building Solutions Declares Quarterly Dividend, Payable on September 1, 2022 LP Building Solutions announced that its Board of Directors has declared a quarterly cash dividend to common stockholders of $0.22 per share. The dividend will be payable September 1, 2022, to stockholders of record as of August 18, 2022. Announcement • Aug 02
Pacific Woodtech Corporation completed the acquisition of Engineered Wood Products Business and SolidStart Brand from Louisiana-Pacific Corporation (NYSE:LPX). Pacific Woodtech Corporation agreed to acquire Engineered Wood Products Business and SolidStart Brand from Louisiana-Pacific Corporation (NYSE:LPX) for $210 million on June 21, 2022. LP's Engineered Wood Products Business employees will join Pacific Woodtech. The transaction is subject to customary closing conditions and regulatory approval including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the Competition Act (Canada), as amended, and other customary closing conditions and deliverables. Transaction is expected to close in the third quarter of 2022. UBS Investment Bank acted as financial advisor to Louisiana-Pacific Corporation. Troutman Pepper and Fasken Martineau DuMoulin LLP acted as legal advisor to Louisiana-Pacific Corporation.
Pacific Woodtech Corporation completed the acquisition of Engineered Wood Products Business and SolidStart Brand from Louisiana-Pacific Corporation (NYSE:LPX) on August 1, 2022. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Jose Bayardo was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 20
Louisiana-Pacific Corporation to Report Q2, 2022 Results on Aug 09, 2022 Louisiana-Pacific Corporation announced that they will report Q2, 2022 results on Aug 09, 2022 Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Jose Bayardo was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 22
Pacific Woodtech Corporation agreed to acquire LP's Engineered Wood Products Business and SolidStart® Brand from Louisiana-Pacific Corporation (NYSE:LPX) for $210 million. Pacific Woodtech Corporation agreed to acquire LP's Engineered Wood Products Business and SolidStart® Brand from Louisiana-Pacific Corporation (NYSE:LPX) for $210 million on June 21, 2022. LP's Engineered Wood Products Business employees will join Pacific Woodtech. The transaction is subject to customary closing conditions and regulatory approval. Transaction is expected to close in the third quarter of 2022. UBS Investment Bank acted as financial advisor to Louisiana-Pacific Corporation. Troutman Pepper and Fasken Martineau DuMoulin LLP acted as legal advisor to Louisiana-Pacific Corporation. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €51.41, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Forestry industry in Europe. Total returns to shareholders of 142% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €52.53 per share. Announcement • May 06
Louisiana-Pacific Corporation Announces the Release of Its First Task Force on Climate-Related Financial Disclosures (TCFD) Index Louisiana-Pacific Corporation announced the release of its first Task Force on Climate-Related Financial Disclosures (TCFD) index. The TCFD index communicates how LP evaluates and manages climate change risks and opportunities across its business and develops solutions to support a low-carbon energy transition. The TCFD framework was developed by leveraging extensive stakeholder input from experts in forest management, manufacturing operations, procurement, logistics, product research and development, legal, finance, investor relations, and LP's senior management team, members of which serve on the company's environmental, social, and governance (ESG) council and ESG Task Force. The ESG Task Force is responsible for developing and executing ESG strategies, which include managing long-term risks and opportunities related to climate change. LP used its enterprise risk management framework to contextualize the likelihood and potential impact of various risks on its business across the short, medium, and long term. The scenario analysis looked at how regulatory, market, technology, reputation, and physical risks may affect LP's operations and value chain under severe climate situations. Upcoming Dividend • May 04
Upcoming dividend of US$0.22 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 4.4% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.1%). Lower than average of industry peers (3.1%).