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NASHVILLE - LP Building Solutions (NYSE: LPX), a prominent manufacturer of high-performance building materials with a market capitalization of nearly $7 billion, has announced the appointment of Kelly Barrett to its Board of Directors. The appointment took effect on Saturday, February 25, 2025, as part of the company’s ongoing efforts to strengthen its leadership team. The company has demonstrated strong financial performance, with a remarkable 39% stock return over the past year.
Barrett’s addition to the board is expected to bring valuable insight given her extensive background in finance and leadership. With a 16-year tenure at The Home Depot (NYSE:HD), Inc., she has held significant roles such as Vice President and Corporate Controller, Vice President of Internal Audit and Corporate Compliance, and Senior Vice President of Home Services. Prior to her time at The Home Depot, Barrett served as Senior Vice President and Chief Financial Officer at Cousins Properties (NYSE:CUZ), Inc., and began her career as an Audit Manager at Arthur Andersen LLP. According to InvestingPro analysis, LP Building Solutions maintains excellent financial health with strong cash flows and moderate debt levels.
Her leadership extends beyond her professional roles; Barrett is actively involved in corporate governance and community service. She serves on several boards including the Georgia Institute of Technology Board of Trustees, the Scheller College of Business Advisory Board, and the YMCA of Greater Atlanta Board of Directors. Barrett has been recognized for her contributions with the YMCA’s Bransby Christian Leadership Award and is also a board member of the National Association of Corporate Directors.
Brad Southern, LP Chair and Chief Executive Officer, expressed confidence in Barrett’s capabilities, stating that her "expertise will be instrumental as we continue executing our strategic vision and driving sustainable growth."
Barrett, a Georgia Institute of Technology alumna, was honored with the 2023 Joseph Mayo Pettit Distinguished Service Award, reflecting her commitment to service and leadership.
LP Building Solutions, headquartered in Nashville, Tennessee, operates 22 plants across the United States, Canada, Chile, and Brazil. The company has been dedicated to providing innovative building solutions since its inception in 1972, focusing on products that cater to the needs of builders, remodelers, and homeowners globally. The company’s strong financial position is reflected in its healthy current ratio of 2.86 and consistent dividend growth, having raised dividends for seven consecutive years. For deeper insights into LP Building Solutions’ financial metrics and growth potential, investors can access comprehensive analysis through InvestingPro, which offers detailed research reports covering over 1,400 US stocks.
This expansion of LP Building Solutions’ board with Barrett’s appointment underlines the company’s strategy to incorporate diverse experience into its governance structure. The information for this article is based on a press release statement from LP Building Solutions.
In other recent news, Louisiana-Pacific (NYSE:LPX) Corporation reported strong financial results for the fourth quarter of 2024, with earnings per share (EPS) of $1.03, surpassing analyst expectations of $0.73. The company’s revenue for the quarter reached $681 million, contributing to a full-year revenue of $2.9 billion, marking a 14% increase from the previous year. Despite these robust earnings, the company’s stock price experienced a decline, reflecting investor concerns over future prospects. Truist Securities adjusted its price target for Louisiana-Pacific, lowering it from $135 to $126 while maintaining a Buy rating, citing solid siding demand and the company’s growth investments. RBC Capital Markets maintained an Outperform rating with a price target of $125, emphasizing confidence in the company’s long-term strategy and siding segment momentum. Louisiana-Pacific’s siding segment showed a 3% year-over-year volume increase, even as single-family housing starts declined by 5%. The company has projected siding EBITDA for the first quarter of 2025 to be between $95 million and $105 million, with full-year siding EBITDA expected to reach $415 million to $425 million. These developments indicate Louisiana-Pacific’s continued focus on growth and market share expansion, supported by strategic investments and product innovation.
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