LP Building Solutions reports Q1, 2024 net income of $108 million

By Louisiana Pacific Corporation
Business Wire
May 8, 2024
Category: Finance & Economics
Region: United States, US East

NASHVILLE, Tennessee — Louisiana-Pacific, a manufacturer of building products, reported its financial results for the three months ended March 31, 2024. Highlights include: Siding net sales increased by 9% to $361 million; Oriented Strand Board (OSB) net sales increased by 65% to $313 million: Consolidated net sales increased by 24% to $724 million: Net income was $108 million, an increase of $85 million; and Adjusted EBITDA was $182 million, an increase of $116 million. “The first quarter saw robust demand for Siding and OSB, with increased volume,” said LP Chairperson and Chief Executive Officer Brad Southern. “While macro uncertainties remain, strong demand for SmartSide and Structural Solutions has continued in the second quarter. As such, we are increasing our second quarter and full-year outlook.”

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