Louisiana-Pacific Corp Files Q2 2024 10-Q

TL;DR

LPX Q2 2024 10-Q filed. Financials and operations detailed.

AI Summary

Louisiana-Pacific Corp filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter and the first half of the year. Key financial figures and segment performance are presented, reflecting the company's activities in the lumber and wood products industry.

Why It Matters

This filing provides investors and analysts with the latest financial results and operational details for Louisiana-Pacific Corp, crucial for understanding the company's performance in the current economic climate.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) and does not inherently present new risks.

Key Players & Entities

• LOUISIANA-PACIFIC CORP (company) — Filer
• June 30, 2024 (date) — Reporting Period End Date
• 20240807 (date) — Filing Date

FAQ

Key Financial Figures

• $1 — ange on which registered Common Stock, $1 par value LPX New York Stock Exchange

Filing Documents

• lpx-20240630.htm (10-Q) — 1257KB
• q2202410-qexhibit311.htm (EX-31.1) — 10KB
• q2202410-qexhibit312.htm (EX-31.2) — 10KB
• q2202410-qexhibit32.htm (EX-32) — 5KB
• 0001628280-24-035537.txt ( ) — 5855KB
• lpx-20240630.xsd (EX-101.SCH) — 31KB
• lpx-20240630_cal.xml (EX-101.CAL) — 63KB
• lpx-20240630_def.xml (EX-101.DEF) — 109KB
• lpx-20240630_lab.xml (EX-101.LAB) — 431KB
• lpx-20240630_pre.xml (EX-101.PRE) — 287KB
• lpx-20240630_htm.xml (XML) — 978KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS Condensed Consolidated Statements of Income Amounts in millions, except per share amounts (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net sales $ 814 $ 611 $ 1,539 $ 1,195 Cost of sales ( 551 ) ( 492 ) ( 1,062 ) ( 975 ) Gross profit 263 119 477 220 Selling, general, and administrative expenses ( 71 ) ( 66 ) ( 140 ) ( 133 ) Impairment of long-lived assets, net — ( 24 ) — ( 24 ) Other operating credits and charges, net 2 ( 21 ) 3 ( 26 ) Income from operations 194 8 339 37 Interest expense ( 4 ) ( 3 ) ( 8 ) ( 6 ) Investment income 6 2 11 7 Other non-operating income (expense) 5 ( 8 ) 6 ( 16 ) Income (loss) before income taxes 201 ( 1 ) 349 22 Provision for income taxes ( 53 ) ( 21 ) ( 94 ) ( 22 ) Equity in unconsolidated affiliate 12 1 12 1 Net income (loss) $ 160 $ ( 21 ) $ 267 $ 1 Net loss attributed to non-controlling interest — 1 — — Net income (loss) attributed to LP $ 160 $ ( 20 ) $ 267 $ 1 Net income (loss) attributed to LP per share of common stock: Basic $ 2.23 $ ( 0.28 ) $ 3.72 $ 0.02 Diluted $ 2.23 $ ( 0.28 ) $ 3.71 $ 0.02 Average shares of common stock used to compute net income (loss) per share: Basic 72 72 72 72 Diluted 72 72 72 72 The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements. 4 Condensed Consolidated Statements of Comprehensive Income Amounts in millions (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Net income (loss) $ 160 $ ( 21 ) $ 267 $ 1 Other comprehensive income (loss), net of tax Foreign currency translation adjustments ( 4 ) 1 ( 20 ) 16 Other — — — 4 Other comprehensive income (loss), net of tax ( 4 ) 1 ( 19 ) 21 Comprehensive income (loss) 156 ( 20 ) 248 22 Comprehensive loss associated with non-controlling interest — 1 — — Comprehensive income (loss) attributed to LP $ 156 $ ( 19 ) $ 248 $ 22 The accompanying Notes are

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View this 10-Q filing on SEC EDGAR