Louisiana-Pacific Corp. Files Q3 2024 10-Q

TL;DR

LPX Q3 10-Q is in. Check financials for Q3 and YTD performance.

AI Summary

Louisiana-Pacific Corp. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position during the third quarter and the first nine months of the year. Specific financial figures and operational details for this period are presented within the report.

Why It Matters

This filing provides investors and analysts with crucial financial data for Louisiana-Pacific Corp., enabling them to assess the company's performance and make informed investment decisions.

Risk Assessment

Risk Level: low — The filing is a standard quarterly report and does not indicate any immediate or unusual risks.

Key Numbers

• 2024-09-30 — Period End Date (Indicates the end of the reporting quarter.)
• 2024-11-05 — Filing Date (Date the report was submitted to the SEC.)

Key Players & Entities

• LOUISIANA-PACIFIC CORP (company) — Filer
• 0000060519 (company) — Central Index Key
• 20240930 (date) — Period of Report
• 20241105 (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-20240930.htm (10-Q) — 1333KB
• q3202410-qexhibit311.htm (EX-31.1) — 10KB
• q3202410-qexhibit312.htm (EX-31.2) — 10KB
• q3202410-qexhibit32.htm (EX-32) — 5KB
• 0001628280-24-045224.txt ( ) — 5963KB
• lpx-20240930.xsd (EX-101.SCH) — 30KB
• lpx-20240930_cal.xml (EX-101.CAL) — 65KB
• lpx-20240930_def.xml (EX-101.DEF) — 106KB
• lpx-20240930_lab.xml (EX-101.LAB) — 427KB
• lpx-20240930_pre.xml (EX-101.PRE) — 285KB
• lpx-20240930_htm.xml (XML) — 1003KB

- 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net sales $ 722 $ 728 $ 2,261 $ 1,923 Cost of sales ( 530 ) ( 514 ) ( 1,591 ) ( 1,489 ) Gross profit 193 214 669 434 Selling, general, and administrative expenses ( 75 ) ( 58 ) ( 215 ) ( 191 ) Impairment of long-lived assets — ( 1 ) — ( 25 ) Other operating credits and charges, net ( 1 ) 6 2 ( 20 ) Income from operations 116 161 455 198 Interest expense ( 4 ) ( 4 ) ( 12 ) ( 9 ) Investment income 6 4 17 10 Other non-operating income (expense) ( 4 ) — 2 ( 17 ) Income before income taxes 113 160 462 183 Provision for income taxes ( 23 ) ( 44 ) ( 117 ) ( 66 ) Equity in unconsolidated affiliate — 1 12 3 Net income $ 90 $ 118 $ 358 $ 119 Net income attributed to non-controlling interest — — — — Net income attributed to LP $ 90 $ 118 $ 358 $ 119 Net income attributed to LP per share of common stock: Basic $ 1.28 $ 1.63 $ 5.01 $ 1.65 Diluted $ 1.28 $ 1.63 $ 5.00 $ 1.65 Average shares of common stock used to compute net income (loss) per share: Basic 70 72 71 72 Diluted 71 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Net income $ 90 $ 118 $ 358 $ 119 Other comprehensive income (loss), net of tax Foreign currency translation adjustments 9 ( 19 ) ( 11 ) ( 3 ) Other — — — 4 Other comprehensive income (loss), net of tax 9 ( 19 ) ( 11 ) 2 Comprehensive income 99 99 347 120 Comprehensive income associated with non-controlling interest — — — — Comprehensive income attributed to LP $ 99 $ 99 $ 347 $ 121 The accompanying Notes are an integral part of these unaudited Conden