$LPX (Louisiana-Pacific Corp.)

$LPX {{ '2016-02-05T15:47:48+0000' | timeago}} • Webcast

$WY, which competes with $PCL and $LPX, said that Timberlands segment posted 4Q15 earnings of $134MM, up $8MM vs. 3Q15. In the West, fee harvest volumes rose seasonally and average log realizations rose due to the greater percentage of export sales. Wood Products segment earnings were $48MM before special items vs. $85MM in 3Q15.

$LPX {{ '2017-05-05T17:45:54+0000' | timeago}} • Webcast

With regards to the Dawson Creek conversion project, $LPX said that it will approach the Board in July with a detailed engineering and capital request. The capital required would be $110-130MM. The company anticipates to start the facility in late 2018 or early 2019. The existing capacity will run till the end of 2018.

$LPX {{ '2017-05-05T14:51:29+0000' | timeago}} • Announcement

$LPX's BoD appointed Brad Southern to succeed Curt Stevens as the CEO of LP effective July 1, 2017. Stevens, who has served as CEO since 2012, will retire from LP June 30, 2017.

$LPX {{ '2017-05-05T11:58:59+0000' | timeago}} • Announcement

During 1Q17, $LPX's Oriented Strand Board Segment reported 23.5% YoY increase in net sales to $268MM, from $217MM during 1Q16. Net sales of Siding segment reported 18.2% YoY increase in net sales to $214MM. Engineered wood products segment net sales rose 14% YoY to $82MM. The South American segment net sales 22.5% YoY to $38MM.

$LPX {{ '2017-05-05T11:58:09+0000' | timeago}} • Announcement

Building products manufacturer $LPX's net income rose to $55MM, or $0.38 per share, compared to $10MM, or $0.07 per share during 1Q16. This increase was mainly due to higher Oriented Strand Board prices and 16% volume increase in Siding. Net sales rose 21% YoY to $611MM from $505MM.

$LPX {{ '2017-02-08T12:31:16+0000' | timeago}} • Announcement

$LPX's Oriented Strand Board segment reported net sales of $276MM for 4Q16, up 34% compared to 4Q15. The Siding segment reported net sales of $169MM versus $141MM in 4Q15. The Engineered Wood Products Segment net sales fell 11% to $66MM while the South America segment net sales grew 1% to $34MM versus 4Q15.

$LPX {{ '2017-02-08T12:25:40+0000' | timeago}} • Announcement

Building products manufacturer $LPX reported a net income of $42.2MM or $0.29 per share in 4Q16 compared to a net loss of $7.6MM or $0.05 per share in 4Q15. Total net sales were $550MM, 19% higher than the year ago quarter.

$LPX {{ '2016-12-08T13:19:54+0000' | timeago}} • Announcement

$LPX said Sales and Marketing SVP Mike Sims will lead Engineered Wood Products (EWP) business in addition to his executive sales, marketing and strategy responsibilities. Field Sales VP Craig Sichling will be promoted to VP of specialty sales and marketing. These are effective Jan. 1, 2017.

$LPX {{ '2016-12-08T13:18:31+0000' | timeago}} • Announcement

$LPX said Oriented Strand Board (OSB) Sales and Marketing VP Jason Ringblom will become EVP and general manager of the OSB business. Engineered Wood Products (EWP) SVP Neil Sherman will become EVP and general manager of the Siding business, replacing Brian Luoma, who is leaving $LPX to pursue other opportunities. These are effective Jan. 1, 2017.

$LPX {{ '2016-10-31T18:10:00+0000' | timeago}} • Webcast

$LPX believes the margins for its Engineered Wood Products segment are well-positioned from a competitive point of view. The company has good momentum on the Laminated Strand Lumber (LSL) side. $LPX said the Laminated Veneer Lumber (LVL) market is one that is heavily to single-family new construction and believes it will provide benefits.

$LPX {{ '2016-10-31T17:48:52+0000' | timeago}} • Webcast

$LPX has approved the project for a third mill in Chile. The company has acquired about $15MM worth of equipment and has started the site preparation for this project.

$LPX {{ '2016-10-31T17:20:12+0000' | timeago}} • Webcast

As of September 30, 2016, $LPX had cash, cash equivalents, investments and restricted cash of $673MM, including the cash held for bond redemption. $LPX expects Capex to be $115-125MM for 2016. For 2017, the company is planning on spending approx. $140MM of capital.

$LPX {{ '2016-10-31T17:12:26+0000' | timeago}} • Webcast

$LPX reported a sales increase of 28% in 3Q16. The Engineered Wood Products (EWP) segment recorded sales of $81MM, up 8% from 3Q15. The South America segment recorded sales of $32MM in 3Q16. Volumes were down 3% in Chile and down 9% in Brazil compared to 3Q15.

$LPX {{ '2016-10-31T16:50:25+0000' | timeago}} • Announcement

$LPX's BoD appointed EVP Brad Southern to the newly created position of COO for the purpose of implementing its orderly management succession plan. Southern will continue to oversee the oriented strand board (OSB) operations, a post he has held since 2014.

$LPX {{ '2016-10-31T12:16:03+0000' | timeago}} • Announcement

$LPX's net sales of Siding segment for 3Q16 increased to $195MM from $158MM in the previous year quarter. The Siding segment reported operating income of $35MM, down from $17MM last year. The Siding segment reported $42MM in adjusted EBITDA from continuing operations, an increase of $19MM compared to 3Q15.

$LPX {{ '2016-10-31T12:15:27+0000' | timeago}} • Announcement

$LPX's net sales of Oriented Strand Board segment for 3Q16 increased to $282MM from $200MM in the previous year quarter. Sales volumes were up 5% and sales prices grew by 36%. The rise in selling price favorably impacted operating results and adjusted EBITDA from continuing operations by about $75MM.

$LPX {{ '2016-10-31T12:15:07+0000' | timeago}} • Announcement

Home construction supplier $LPX swung to a 3Q16 earnings from a loss last year, driven by higher SmartSide volumes and continued strength in OSB prices. Net income was $65.6MM or $0.45 per share compared to a loss of $26.5MM or $0.19 per share last year. Net sales grew to $596.4MM from $464.9MM.

$LPX {{ '2016-09-02T11:31:36+0000' | timeago}} • Announcement

$LPX said the company has appointed Ozey Horton Jr. to its BoD effective immediately. Ozey Horton will stand for election at the annual meeting of the corporation in May 2018.

$LPX {{ '2016-05-09T15:25:09+0000' | timeago}} • Webcast

$LPX, which competes with $WY and Georgia-Pacific LLC, said CapEx through March 31, 2016 was $26MM. The company is projecting CapEx for 2016 at $120-130MM, of which approx. $100MM has been allocated to North American projects, 50% for growth and the remaining for capital maintenance and cost reduction.

$LPX {{ '2016-05-09T15:22:46+0000' | timeago}} • Webcast

$LPX said as of March 31, 2016 it had cash, cash equivalents, investments and restricted cash of $424MM. Working capital was $650MM and net cash was $58MM. In addition to the $424MM of cash on its balance sheet, the company had $2MM of availability on its credit facility.

$LPX {{ '2016-05-09T15:19:50+0000' | timeago}} • Webcast

$LPX said for 1Q16 its South American segment recorded sales of $31MM as compared to $36MM in 1Q15. The company added that operating income was $5MM as compared to $2MM in 1Q15, and adjusted EBITDA was higher by $2MM in 1Q16. Volumes were down 12% in Chile and 3% in Brazil compared to the same quarter last year.

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