Published on 3 Nov 2021 on Zacks via Yahoo Finance

Louisiana-Pacific (LPX) Q3 Earnings Top, Margin Rises, Stock Up

Louisiana-Pacific Corporation LPX — commonly known as LP — grew 6.6% on Nov 2, after it reported third-quarter 2021 results. Both the top and bottom lines surpassed the Zacks Consensus Estimate and grew impressively on a year-over-year basis.LP chairman and CEO, Brad Southern, said "As expected, the third quarter saw a significant correction in OSB prices and ongoing headwinds from raw material prices and availability. Despite these challenges, LP earned $522 million in EBITDA and $3.87 per share as Siding sales grew by 19%, EWP and South America delivered record quarters, and OSB continued to generate exceptional cash flow."

Detailed Discussion

Louisiana-Pacific’s third-quarter adjusted earnings came in at $3.87 per share, surpassing the Zacks Consensus Estimate of $3.34 by 15.9%. The bottom line also increased 148.1% from the year-ago reported figure of $1.56 per share.