Louisiana Pacific reports Q4 loss, full-year 2022 results

Louisiana Pacific Corporation
February 21, 2023
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, 2022. Highlights for Q4 include: Net sales from continuing operations decreased by 16% to $705 million, including 14% from lower oriented strand board (OSB) prices… Income attributed to LP from continuing operations decreased by $180 million to $(10) million, inclusive of a non-cash pension settlement charge of $78 million; Adjusted EBITDA was $100 million, a decrease of $178 million. Highlights for the full year 2022 include: Net sales from continuing operations decreased by 2% to $3.9 billion; Income attributed to LP from continuing operations decreased by $0.4 billion to $0.9 billion; Adjusted EBITDA was $1.4 billion, a decrease of $0.5 billion.

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