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Tuesday, February 13, 2018

=Louisiana-Pacific (LPX) reported earnings on Tue 13 Feb 2018 (b/o)

Louisiana-Pacific beats by $0.16, beats on revs; reinstates quarterly dividend 
  • Reports Q4 (Dec) earnings of $0.73 per share, excluding non-recurring items, $0.16 better than the Capital IQ Consensus of $0.57; revenues rose 29.2% year/year to $710.6 mln vs the $654.26 mln Capital IQ Consensus.
  • Outlook
    • "Looking ahead, we expect housing demand to remain strong in 2018," Southern said. "As LP looks to the future for new products, major trends such as urbanization and the continued shortage of skilled labor will influence our decisions. We remain focused on growing our specialty products business and are committed to producing value-added products and solutions that deliver distinct value for our customers, as well as our shareholders."  
  • Reinstates quarterly dividend
    • Reinstates LP's quarterly cash dividend and has declared that the $0.13 a share dividend will be paid on March 13, 2018, to shareholders of record as of close of business on February 26, 2018.
  • "2017 was a strong year for LP, with double-digit growth across all of our business segments," said Brad Southern, LP Chief Executive Officer. "Our consistent performance enabled investment in growth initiatives, including $150 million into our existing plants and new capacity, and the reinstatement of our quarterly dividend. We finished the year with a robust balance sheet and made continued progress on our goal of transforming LP into a leading building solutions company. We enter 2018 with strong momentum, and stand well-positioned to drive shareholder value."

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