NYSE$LPX
Louisiana-Pacific Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported a strong first quarter of 2024 with increased sales and net income compared to the first quarter of 2023, and the company increased its second quarter and full year outlook for 2024.
LP Building Solutions reported a 24% increase in consolidated net sales to $724 million and a net income of $108 million for Q1 2024, driven by strong demand for Siding and OSB.
- Siding net sales increased by 9% to $361 million.
- Oriented Strand Board (OSB) net sales increased by 65% to $313 million.
- Net income was $108 million, an increase of $85 million.
- The company increased its second quarter and full-year outlook.
Headline financials
Revenue & EPS history
Louisiana-Pacific · Revenue · Quarterly
$724M
Revenue by segment
Louisiana-Pacific · $680M total across 2 segments · Q3 2023
- Siding$345M-12.4%50.7%
- OSB$335M-13.7%49.3%
Forward guidance
The Company is providing financial guidance for the second quarter of 2024 and full year 2024.
Tailwinds
- Siding Net sales year-over-year growth: 20% to 25% (Q2 2024)
- Siding Net sales year-over-year growth: 11% to 13% (Full Year 2024)
- Siding Adjusted EBITDA: $95 million to $105 million (Q2 2024)
- Siding Adjusted EBITDA: $340 million to $360 million (Full Year 2024)
- OSB Adjusted EBITDA: $125 million to $135 million (Q2 2024)
Headwinds
- OSB Adjusted EBITDA is assumed to be at our cycle average run rate of $200 million per year for the third and fourth quarters of 2024.
- LP South America Adjusted EBITDA fully offsets Corporate and Other Adjusted EBITDA.
- Capital expenditures related to strategic growth and sustaining maintenance projects are expected to be between $50 million to $60 million
- Capital expenditures related to strategic growth and sustaining maintenance projects are expected to be between $150 million to $160 million
- Guidance is based on current plans and expectations and is subject to a number of known and unknown uncertainties and risks
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.7%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+2.5%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+19.2%
Q1 2024
Best reaction
-13.6%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +4.6% | +1.2% | |
| Q4 2025 | -4.9% | -13.2% | -22.8% | |
| Q3 2025 | -8.7% | -10.0% | -1.3% | |
| Q1 2025 | +3.3% | +3.5% | +5.6% | |
| Q4 2024 | -10.1% | -13.5% | -17.9% | |
| Q3 2024 | +6.9% | +10.4% | +18.6% | |
| Q2 2024 | +1.9% | +0.1% | -1.9% | |
| Q1 2024 | +19.2% | +20.8% | +23.3% | |
| Q4 2023 | +2.0% | -0.2% | +14.2% | |
| Q3 2023 | +11.7% | +15.0% | +23.1% | |
| Q2 2023 | -13.6% | -15.0% | -15.9% | |
| Q1 2023 | +1.3% | +5.9% | +2.0% | |
| Q4 2022 | -10.7% | -10.8% | -15.7% | |
| Q3 2022 | -7.2% | -6.0% | +13.7% | |
| Q2 2022 | -8.2% | -2.5% | -14.4% | |
| Q1 2022 | +17.9% | +12.2% | +8.8% | |
| Q4 2021 | -9.0% | +0.6% | -5.2% | |
| Q3 2021 | +11.6% | +9.1% | +17.0% | |
| Q2 2021 | +2.5% | +5.4% | +17.4% | |
| Q1 2021 | +4.0% | +8.4% | -3.2% | |
| Q4 2020 | +4.2% | +8.7% | +23.9% | |
| Q3 2020 | +5.1% | +0.7% | +21.3% | |
| Q2 2020 | -1.8% | -0.0% | +1.4% | |
| Q1 2020 | +3.6% | +11.7% | +30.4% | |
| Q4 2019 | +6.0% | +7.2% | -43.2% | |
| Q3 2019 | -0.6% | -2.7% | -2.4% | |
| Q2 2019 | -9.0% | -8.2% | -6.0% | |
| Q1 2019 | -3.4% | -2.2% | -6.0% | |
| Q4 2018 | +9.7% | +10.4% | +1.5% | |
| Q3 2018 | +6.5% | +2.3% | -1.1% | |
| Q2 2018 | +3.1% | +3.3% | +6.6% | |
| Q1 2018 | -2.7% | -2.0% | +5.8% | |
| Q4 2017 | +5.7% | +2.8% | +2.4% | |
| Q3 2017 | -2.0% | -2.9% | -3.3% | |
| Q2 2017 | -3.9% | -2.5% | +1.5% | |
| Q1 2017 | -4.7% | -3.9% | -10.2% | |
| Q4 2016 | +14.1% | +15.8% | +18.6% | |
| Q3 2016 | +4.6% | +1.1% | +10.5% | |
| Q2 2016 | +1.2% | -0.6% | -0.1% | |
| Q1 2016 | +0.8% | — | — | |
| Q4 2015 | +2.6% | — | — | |
| Q3 2015 | -5.4% | — | — | |
| Q2 2015 | +3.7% | — | — | |
| Q1 2015 | +4.3% | — | — | |
| Q4 2014 | +3.8% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | -3.8% | — | — | |
| Q4 2013 | +4.9% | — | — | |
| Q3 2013 | -4.5% | — | — | |
| Q2 2013 | +1.4% | — | — | |
| Q1 2013 | +5.1% | — | — | |
| Q4 2012 | +3.5% | — | — | |
| Q3 2012 | -0.4% | — | — | |
| Q2 2012 | -5.8% | — | — | |
| Q1 2012 | +6.5% | — | — | |
| Q4 2009 | -2.4% | — | — | |
| Q4 2011 | -2.4% | — | — | |
| Q3 2011 | +3.0% | — | — | |
| Q3 2010 | +3.0% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q2 2011 | -3.5% | — | — | |
| Q1 2010 | -2.4% | — | — | |
| Q1 2011 | -2.4% | — | — | |
| Q4 2010 | -2.4% | — | — |
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