Nov. 5 at 8:43 PM
$LPX
Overview
* Louisiana-Pacific 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 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