Louisiana-Pacific (LPX)

As a leader in high-performance building solutions, LP manufactures engineered wood building products that meet the demands of builders worldwide. Its extensive offerings include innovative and dependable building products and accessories, such as ® SmartSide® Trim & Siding, LP Structural Solutions portfolio (LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP® TechShield® Radiant Barrier, LP® FlameBlock® Fire-Rated Sheathing and more), oriented strand board (OSB), LP® TopNotch® Sub-Flooring, LP, LP® Outdoor Building Solutions®, and LP Elements® Performance Fencing. In addition to product solutions, LP provides industry-leading service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes. Headquartered in Nashville, Tennessee, LP operates 25 plants across the U.S., Canada, Chile and Brazil.

Company profile

Ticker

LPX

Exchange

NYSE

Website

www.lpcorp.com

CEO

William Southern

Incorporated

Delaware

Location

Tennessee

Fiscal year end

Dec 31

Sector

Manufacturing > Reconstituted Wood Product Manufacturing

Industry (SIC)

Lumber & Wood Products (No Furniture)

Koppers • Enviva • TREX • Diamond • China King Spirit • Norbord ...

Former names

LOUISIANA PACIFIC CORP

SEC CIK

0000060519

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Ketchikan Pulp Company • Entekra Holdings, LLC • Entekra, LLC • Entekra Truss, LLC • Louisiana-Pacific Canada Holdings Ltd. • Louisiana-Pacific Canada Ltd. • Resolute-LP EW Prime Ltd. Partnership • Resolute-LP EW Laruche Inc. • Slocan-LP OSB Corp. • Louisiana-Pacific South America S.A. ...

IRS number

930609074

LPX stock data

1M 1Y 5Y

News

From Benzinga Pro

Louisiana-Pacific's Return On Capital Employed Insights

12 May 22

According to Benzinga Pro, during Q1, Louisiana-Pacific (NYSE:LPX) earned $482.00 million, a 153.68% increase from the preceding quarter. Louisiana-Pacific also posted a total of $1.34 billion in sales, a 34.78% increase since Q4.

Recap: Louisiana-Pacific Q1 Earnings

3 May 22

Louisiana-Pacific (NYSE:LPX) reported its Q1 earnings results on Tuesday, May 3, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

Louisiana-Pacific Corporation Sees FY22 Capex $400M-$430M

3 May 22

Q2 2022 Outlook and 2022 Capital Expenditure Guidance Our guidance is based on current plans and expectations and is subject to a number of known and unknown uncertainties and risks, including those set forth below

Louisiana-Pacific Q1 Adj. EPS $5.08 Beats $4.62 Estimate, Sales $1.34B Beat $1.25B Estimate

3 May 22

Earnings Scheduled For May 3, 2022

3 May 22

Press releases

From Benzinga Pro

LP® SmartSide® ExpertFinish® Trim & Siding Featured as Sustainable Siding Product for Net-Zero Electricity Home at the 2022 Berkshire Hathaway Shareholders Meeting

17 May 22

Prefinished home siding product selected for Clayton's first net–zero electricity home NASHVILLE, Tenn., May 17, 2022 /PRNewswire/ -- LP Building Solutions (LP), a leading manufacturer of high-performance building

LP Building Solutions Releases Inaugural TCFD Index to Evaluate Climate Change Risk and Business Resiliency Opportunities in Transition to Low-Carbon Economy

5 May 22

NASHVILLE, Tenn., May 5, 2022 /PRNewswire/ -- LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the release of its first Task Force on Climate-Related Financial

LP Building Solutions Announces the First Production of LP® SmartSide® at Houlton, Maine Facility

3 May 22

The first APA-approved LP SmartSide board was pressed following the facility's conversion to manufacture LP's flagship home siding product NASHVILLE, Tenn., May 3, 2022 /PRNewswire/ -- LP Building Solutions (LP),

LP Building Solutions Reports First Quarter 2022 Results, Provides Capital Allocation Update, Provides Q2 2022 Outlook, and Announces an Additional $600 Million Share Repurchase Authorization

3 May 22

LP® SmartSide® Trim & Siding Recognized as Most Sustainable Siding Supplier in Green Builder Media's Brand Index 2022

2 May 22

Analyst ratings and price targets

Last 3 months

Calendar

3 May 22

20 May 22

31 Dec 22

Financial summary

Financial statements Chart LPX financial data

Quarter (USD)	Mar 22	Dec 21	Sep 21	Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	637M	637M	637M	637M	637M	637M
Cash burn (monthly)	(no burn)	1.75M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	2.9M	n/a	n/a	n/a	n/a
Cash remaining	n/a	634.1M	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	362.3	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

LPX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
17 May 22	Gottung Lizanne C	Common Stock	Other	Dispose J	No	No	0	465	0	31,057
16 May 22	Mccoy Dustan E	Common Stock	Payment of exercise	Dispose F	No	No	68.01	1,002	68.15K	29,066
16 May 22	Mccoy Dustan E	Common Stock	Option exercise	Acquire M	No	No	8.92	7,635	68.1K	30,068
16 May 22	Mccoy Dustan E	Non Qualified Stock Option Common Stock	Option exercise	Dispose M	No	No	8.92	7,635	68.1K	0
10 May 22	Southern William Bradley	Common Stock	Gift	Dispose G	No	No	0	4,365	0	509,788
10 May 22	Southern William Bradley	Common Stock	Payment of exercise	Dispose F	No	No	72.66	4,052	294.42K	514,153
10 May 22	Southern William Bradley	Common Stock	Option exercise	Acquire M	No	No	20.49	14,341	293.85K	518,205
10 May 22	Southern William Bradley	Stock settled stock appreciation right Common Stock	Option exercise	Dispose M	No	No	20.49	14,341	293.85K	0
5 May 22	Gottung Lizanne C	Common Stock	Sell	Dispose S	No	No	75.02	7,635	572.78K	31,522
5 May 22	Gottung Lizanne C	Common Stock	Option exercise	Acquire M	No	No	8.92	7,635	68.1K	39,157

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

LPX institutional ownership history Ownership history

5.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	78	71	+9.9%
Opened positions	11	11	–
Closed positions	4	13	-69.2%
Increased positions	28	22	+27.3%
Reduced positions	25	24	+4.2%

13F shares	Current	Prev Q	Change
Total value	138.93M	144.88M	-4.1%
Total shares	4.07M	3.97M	+2.7%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Basswood Capital Management, L.L.C.	514.06K	$17.54M	-0.1%
Dimensional Fund Advisors	414.12K	$14.13M	-0.0%
Vanguard	326.2K	$11.13M	-0.3%
Pacific Ridge Capital Partners	324.91K	$11.08M	-0.2%
Endeavour Capital Advisors	290.08K	$9.9M	+2.2%
Renaissance Technologies	242.25K	$8.26M	+0.6%
Millennium Management	139.84K	$4.77M	+106.4%
BEN Franklin Resources	106.98K	$3.65M	-13.7%
Alliancebernstein	105.72K	$3.61M	-11.9%
Russell Investments	89.56K	$3.05M	-8.1%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	139.84K	+72.1K	+106.4%
IVZ Invesco	0	-56.41K	EXIT
Kennedy Capital Management	55.58K	+35.47K	+176.4%
Congress Wealth Management LLC / DE	0	-34.7K	EXIT
Arrowstreet Capital, Limited Partnership	0	-24.33K	EXIT
Foundry Partners	77.05K	-23.39K	-23.3%
GS Goldman Sachs	51.27K	+23.1K	+82.0%
Jacobs Levy Equity Management	42.18K	-18.6K	-30.6%
AMP Ameriprise Financial	54.53K	+18.46K	+51.2%
BEN Franklin Resources	106.98K	-16.94K	-13.7%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Boise Cascade

Management Discussion

Our results of operations are separately discussed below for each of our segments, as well as for the “Other” category, which comprises other products that are not individually significant. See Note 18 of the Notes to the Condensed Consolidated Financial Statements included in Item 1 of this quarterly report on Form 10-Q for further information regarding our segments.
The Siding segment serves diverse end markets with a broad product offering of engineered wood siding, trim, and fascia, including LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions® (collectively referred to as Siding Solutions).
Siding Solutions price increases and higher sales of innovative products drove increases in both average net selling price and sales volume, resulting in 17% growth in Siding Solutions net sales. The decrease in Adjusted EBITDA of $7 million reflects price and volume growth offset by $26 million of raw material and freight cost inflation and $12 million of discretionary investments in support of future growth, including Houlton start up and sales and marketing costs.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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Removed: accelerate, accrue, affiliate, approach, approximately, ASC, ASU, automatically, Bank, bankruptcy, base, billion, clarifying, complexity, comply, consolidate, decreased, deferred, domestic, East, eliminating, equal, failure, FASB, federal, feet, franchise, governing, grew, guaranty, hereto, highest, iii, indenture, insolvency, January, leaseback, LIBOR, life, limit, merge, mitigate, national, option, page, percentage, personal, prime, producing, reducing, retired, River, secure, September, shown, Simplifying, square, thereon, thousand, Topic, trustee, unamortized, venture, written

From filing 10-Q 2021 Q1

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