Louisiana Pacific reports 7% Q4, 2023 sales decrease

Louisiana Pacific Corporation
February 14, 2024
Category: Finance & Economics
Region: United States, US East

NASHVILLE, Tennessee — Louisiana-Pacific reported its financial results for the fourth quarter and year ended December 31, 2023. Highlights compared to the Fourth Quarter of the Prior Year include: Consolidated net sales decreased by 7% to $658 million; Net income was $59 million, an increase of $69 million; and Adjusted EBITDA was $129 million, an increase of $29 million. …“LP finished the quarter and the year with results that reflect increased operational efficiency and an improving outlook for single-family housing,” said LP CEO Brad Southern. “Siding inventory and sell-through patterns remain seasonally normal. As we look forward to 2024 and beyond, LP’s recent investments in mill and prefinishing capacity leave us well positioned for expansion and share gains in Siding and Structural Solutions.”

Read More