NYSE$LPX

Louisiana-Pacific Corp · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Louisiana-Pacific reported increased revenue and net income for Q4 2024, driven by strong Siding segment performance despite a decline in OSB prices.

Louisiana-Pacific Corporation (LPX) reported a 3.49% YoY revenue increase in Q4 2024 to $681M. Net income rose by 6.78% to $63M, while adjusted EPS surged by 45.07% to $1.03. Strong Siding sales growth offset a decline in OSB pricing, positioning LPX well for continued investment and expansion.

  • Total revenue increased by 3.49% YoY to $681M.
  • Siding segment revenue grew 9% YoY, driven by higher prices and volume.
  • OSB segment revenue declined 2% YoY due to lower selling prices.
  • Net income increased by 6.78% YoY to $63M, with adjusted EPS at $1.03.

Headline financials

Total Revenue

$681M

Previous: $658M+3.5%
EPS (adj)

$1.03

Previous: $0.71+45.1%
Siding Solutions Sales Volume

401.0M

Previous: 389+103084732.9%
OSB Structural Solutions Sales Volume

408.0M

Previous: 408+99999900.0%
OSB Commodity Sales Volume

419.0M

Previous: 375+111733233.3%
Single-Family Housing Starts

231.0K

No prior period
Multi-Family Housing Starts

91.0K

No prior period
Siding Overall Equipment Effectiveness

75.0%

No prior period
OSB Overall Equipment Effectiveness

78.0%

No prior period
Net Income

$62M

Previous: $59M+5.1%
Operating Income

$75M

Previous: $89M-15.7%
Gross Profit

$162M

Previous: $159M+1.9%

Revenue & EPS history

Louisiana-Pacific · Revenue · Quarterly

$681M

Q4 2024+3.5%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Louisiana-Pacific · $680M total across 2 segments · Q3 2023

  • Siding
    $345M-12.4%
  • OSB
    $335M-13.7%

Forward guidance

LPX expects continued revenue growth in 2025, led by strong Siding segment performance and strategic investments in demand creation and capacity expansion.

Tailwinds

  • Siding revenue projected to grow 9-11% in Q1 2025.
  • Full-year Siding revenue expected to increase by 7-9%.
  • Siding Adjusted EBITDA margin projected at 25%.
  • OSB Adjusted EBITDA expected between $35M and $45M in Q1.
  • Total liquidity remains strong at $900M.

Headwinds

  • OSB pricing remains a headwind with potential volatility.
  • Higher operating expenses due to marketing and facility maintenance.
  • Foreign exchange fluctuations impacting South America revenue.
  • Higher CapEx forecasted at ~$410M for 2025.
  • Potential macroeconomic uncertainties affecting housing demand.

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 Q4 2024

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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