Overview

* Louisiana-Pacific ( LPX ) Q3 consolidated net sales decreased by $59 mln to $663 mln

* Adjusted EBITDA for Q3 beats analyst expectations

* Adjusted EPS for Q3 missed analyst expectations

Outlook

* Company expects Q4 siding net sales to grow by ~3% to $370 mln

* Louisiana-Pacific ( LPX ) projects full-year siding net sales growth of ~8% to $1.68 bln

* Company estimates full-year capital expenditures at ~$315 mln

Result Drivers

* SIDING SALES - Siding net sales increased by $22 mln, driven by 5% higher selling prices

* OSB DECLINE - OSB net sales decreased by $74 mln due to lower prices and volumes

* ADJUSTED EBITDA IMPACT - Decrease in Adjusted EBITDA primarily due to $55 mln impact from lower OSB prices and $5 mln from lower volumes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $443 mln

Siding

Sales

Q3 Miss $0.36 $0.41

Adjusted (11

EPS Analysts

)

Q3 Beat $82 mln $80.25

Adjusted mln (10

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"

* Wall Street's median 12-month price target for Louisiana-Pacific Corp ( LPX ) is $111.00, about 23.1% above its November 4 closing price of $85.33

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)