- Louisiana-Pacific Corp (NYSE:LPX) reported a third-quarter FY22 sales decline of 16% year-on-year to $852.00 million, beating the consensus of $840.01 million.
- Segment Revenues: Siding climbed 26% Y/Y to $394 million, Oriented Strand Board (OSB) fell 35% to $388 million, and South America decreased 30% to $53 million.
- The gross profit for Q3 dropped 54% to $232 million, with a gross margin of 27.2%.
- The operating margin was 20.2%, and operating income for the quarter declined 61% to $172 million. Adjusted EBITDA for Q3 was $200 million.
- The company held $482 million in cash and equivalents as of September 30, 2022. Cash provided by operating activities totaled $195 million.
- Adjusted EPS of $1.72 beat the analyst consensus of $1.55.
- Outlook: Louisiana-Pacific sees Q4 FY22 adjusted EBITDA of $100 million.
- The company expects FY22 capital expenditures of $400 million – $420 million.
- Price Action: LPX shares are trading higher by 0.78% at $57.09 on the last check Tuesday.
- Photo Via Company
Bitcoin, Ethereum, Dogecoin Take A Hit, Decline, After Fake BlackRock XRP Trust Filing News: Analyst Predicts $50K As Next Big Target For Apex Crypto
The cryptocurrency market saw a sharp decline on Monday, with major cryptocurrencies experiencing a notable downturn in the late afternoon hours. The market’s volatility was exacerbated following the discovery that the corporate registration purportedly filed for the iShares XRP Trust was, in fact, a hoax.
