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NEW YORK - Louisiana-Pacific Corporation (NYSE:LPX), a leading manufacturer of building products, reported fourth-quarter earnings on Wednesday that surpassed analyst estimates, driven by strong performance in its Siding segment.
The company reported adjusted earnings per share of $1.03 for the fourth quarter, beating the analyst consensus of $0.73 by $0.30. Revenue for the quarter came in at $681 million, exceeding the consensus estimate of $654.67 million.
Overall, consolidated net sales for the fourth quarter increased by 3% YoY to $681 million. Net income rose by $4 million to $63 million, or $0.89 per diluted share.
For the full year 2024, Louisiana-Pacific reported a 14% increase in consolidated net sales to $2.9 billion. The company’s net income for the year surged 137% to $420 million, or $5.89 per diluted share.
Looking ahead, Louisiana-Pacific provided guidance for the first quarter of 2025, projecting Siding net sales between $390 million and $400 million, representing 9-11% YoY growth.
For the full year 2025, the company expects Siding net sales to reach $1.65 billion to $1.7 billion, indicating 7-9% growth.
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