LPX Louisiana-Pacific Corp.

Louisiana-Pacific Corp. engages in designing, manufacturing and marketing of products for the new home construction, repair and remodeling and outdoor structures markets. It operates through the following four segments: Siding, Oriented Strand Board (OSB), Engineered Wood Products, and South America. The Siding segment offers wood-based sidings, trim, soffit, fascia, and pre-finished lap and trim products in a variety of patterns and textures. The OSB segment manufactures and distributes oriented strand board structural panel products. The Engineered Wood Products segment includes laminated veneer lumber, laminated strand lumber, I-Joists, and other related products. The South American segment covers the distribution of OSB and siding products in South America and certain export markets. The company was founded on January 5, 1973 and is headquartered in Nashville, TN.

Company profile

Ticker

LPX

Exchange

NYSE

Website

www.lpcorp.com

CEO

William Bradley Southern

Incorporated in

Delaware

Location

Tennessee

Fiscal year end

Dec 31

Sector

Non-Energy Minerals > Forest Products

Industry (SEC)

Lumber & Wood Products (No Furniture)

Koppers • Enviva Partners • Trex • Venture Vanadium • China King Spirit • Norbord ...

Former names

Louisiana Pacific Corp

SEC CIK

0000060519

Corporate docs

Articles of Incorporation & Bylaws

IRS number

930609074

LPX stock data

S&P 500

1M 1Y 2Y 5Y

Calendar

6 May 20

14 Jul 20

31 Dec 20

News

Company financial data Financial data

Chart LPX financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	585M	537M	603M	588M
Net income	33M	-52M	1M	16M
Diluted EPS	0.29	-0.4	0.02	0.14
Net profit margin	5.64%	-9.68%	0.17%	2.72%
Operating income	44M	-73M	8M	23M
Net change in cash	307M	-123M	-44M	-13.1M
Cash on hand	488M	181M	304M	348M
Cost of revenue	477M	467M	529M	510M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	2.31B	2.83B	2.73B	2.23B
Net income	-10M	395M	390M	149.8M
Diluted EPS	-0.04	2.73	2.66	1.03
Net profit margin	-0.43%	13.97%	14.26%	6.71%
Operating income	-20M	526M	533M	210.2M
Net change in cash	-697M	-50M	268.7M	224.6M
Cash on hand	181M	878M	928M	659.3M
Cost of revenue	2.01B	2.08B	2B	1.83B

Financial data from company earnings reports

Recent insider trades

LPX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jul 20	Southern William Bradley	Common Stock	Payment of exercise	Dispose F	No	24.73	5,713	141.28K	334,949
19 Jun 20	Gottung Lizanne C	Common Stock	Other	Dispose J	No	0	1,543	0	31,831
29 May 20	Tracy A Embree	RSU Common Stock	Grant	Aquire A	No	0	5,295	0	5,318
29 May 20	Gottung Lizanne C	RSU Common Stock	Grant	Aquire A	No	0	5,295	0	0
29 May 20	F Nicholas Grasberger Iii	RSU Common Stock	Grant	Aquire A	No	0	5,295	0	0

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

Institutional ownership Q1 2020

LPX institutional ownership history Ownership history

95.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	240	274	-12.4%
Opened positions	39	50	-22.0%
Closed positions	73	43	+69.8%
Increased positions	78	67	+16.4%
Reduced positions	91	116	-21.6%

13F shares	Current	Prev Q	Change
Total value	4.55B	8.53B	-46.7%
Total shares	107.51M	109.87M	-2.2%
Total puts	448.8K	588.2K	-23.7%
Total calls	668K	197.3K	+238.6%
Total put/call ratio	0.7	3.0	-77.5%

Largest owners	Shares	Value	Change
BLK BlackRock	13.55M	$232.78M	-5.5%
Vanguard	12.1M	$207.79M	+1.3%
Wellington Management	8.32M	$142.88M	-18.5%
BK Bank Of New York Mellon	7.18M	$123.41M	+8.1%
Dimensional Fund Advisors	4.3M	$73.93M	-10.5%
Adage Capital Partners GP, L.L.C.	3.8M	$65.26M	+9.5%
STT State Street	3.73M	$64.13M	+0.4%
MCQEF Macquarie	3.66M	$62.85M	+21.1%
Impala Asset Management	3.15M	$54.04M	+10.1%
Millennium Management	2.83M	$48.6M	-10.4%

Largest transactions	Shares	Bought/sold	Change
APG Asset Management	2.74M	+2.74M	NEW
Norges Bank	0	-2.19M	EXIT
Wellington Management	8.32M	-1.89M	-18.5%
Jacobs Levy Equity Management	1.22M	+1.12M	+1118.8%
Nuveen Asset Management	748.93K	-1.08M	-59.0%
Ceredex Value Advisors	0	-987.1K	EXIT
BLK BlackRock	13.55M	-790.64K	-5.5%
Point72 Asset Management	771.14K	+771.14K	NEW
Channing Capital Management	1.02M	+766.37K	+297.9%
Masters Capital Management	700K	+700K	NEW

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Boise Cascade

Management Discussion

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS
In March 2020, the WHO declared the outbreak of COVID-19 as a global pandemic and recommended containment and mitigations measures. In response to this declaration and the rapid global spread of COVID-19, national, state, and local governments have taken extraordinary wide-ranging actions to contain and combat the outbreak and spread of COVID-19, including quarantines, "stay-at-home" orders, and similar mandates imposing varying degrees of restrictions on social and commercial activity in an effort to promote social distancing.
The pandemic and the resulting containment did not materially impact our results for the three months ended March 31, 2020, due to our ability to continue operations and deliver orders through the end of the period. However, the COVID-19 pandemic and actions taken in response thereto are continuing to have a significant adverse effect on many sectors of the economy, including new home building and remodeling activity. We have taken the following measures:

Content analysis ?

Positive
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Legalese
Litigous
Readability	H.S. sophomore Avg

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From filing 10-Q 2020 Q1