Reports Q1 revenue $584M, consensus $621.34M. "Single-Family housing starts were down nearly 30% in the first quarter," said Brad Southern, chair and CEO. "Despite this challenging market, Siding sales were flat to prior year quarter, with price increases offsetting lower volume, and the OSB segment delivered positive EBITDA. LP’s strategy of growing Siding and operating OSB with flexibility and discipline continues to deliver value."
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on LPX:
- LP Building Solutions Reports First Quarter 2023 Results, Provides Capital Allocation Update, and Second Quarter 2023 Outlook
- LP Building Solutions Announces Quarterly Dividend
- Lumber prices fall amid pending home sales slump, Business Insider says
- Louisiana-Pacific to acquire Forex’s Wawa OSB Facility
- LP Building Solutions to Acquire Forex’s Wawa OSB Facility
