Louisiana-Pacific Corp. (NYSE:LPX) Q4 2018 Earnings Conference Call Transcript

Feb 13, 2019 • 11:00 am ET


Louisiana-Pacific Corp. (NYSE:LPX) Q4 2018 Earnings Conference Call Transcript


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Good day, ladies and gentlemen, and welcome to the Q4 2018 Louisiana-Pacific Corporation Earnings Conference Call. At this time, all participants are in a listen-only mode. Following management's prepared remarks, we will have a question-and-answer session and instructions will be given at that time. (Operator Instructions) As a reminder, this conference will be recorded for replay purposes.

It is now my pleasure to turn the conference over to Mr. Mike Kinney, Director of Investor Relations. Please proceed, sir.

Mike Kinney

Thank you, Haley, and good morning, everybody. Thank you for joining our conference call today to discuss LP's financial results for the fourth quarter of 2018 and the full year. I'm Mike Kinney, Director of Investor Relations and Treasurer, and I'm joined today by Brad Southern, LP's Chief Executive Officer and Alan Haughie, LP's Chief Financial Officer. As we've done in the past, we've opened up this call to the public via webcast. The webcast can be accessed at www.lpcorp.com. Additionally, to help with the discussion, we have provided a presentation with supplemental information that should be reviewed in conjunction with the earnings release. We will be referencing these slides in our comments this morning. Also, we have filed an 8-K this morning with some supplemental information and the presentation.

I do want to remind all participants on the call about the forward-looking statements comment on Slide 2 of the presentation. Please also be aware of the discussion of our use of non-GAAP financial information included on Slide 3 of the presentation. The Form 8-K filing we filed this morning provides the necessary reconciliations. Rather than reading these two statements, I would incorporate them with this reference.

Now, let me turn the call over to Brad.

Brad Southern

Thanks, Mike, and thank you all for joining us this morning. I'll begin today's call with a few highlights from the fourth quarter and 2018, provide a strategic update, review our top priorities and provide our view on the current market environment.

Before I go further, I would like to take a moment to acknowledge two additions to the LP team. The first is our newly appointed Chief Financial Officer, Alan Haughie, who brings more than 25 years of financial expertise and significant strategic planning leadership experience to LP. We are excited to have him on board as we continue to executing on our strategic transformation into a leading building solutions provider.

Following my remarks, Alan will take you through our financial results in more detail and our capital allocation strategy followed by the question-and-answer session. As Mike noted, we are providing an expanded earnings presentation this morning which Alan and I will be referencing throughout the call. We hope you find this to be a helpful addition to our regular earnings materials and, of course, we welcome your feedback.

The second addition to our team, as we announced this morning, is Steve Macadam. Steve has joined our Board of Directors. He is the President and CEO of EnPro Industries, a diversified manufacturer of proprietary engineered products