Louisiana-Pacific Corp

LPX: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$98.00	Rym	Jlbgtgr

Louisiana-Pacific’s Siding Business Posts Impressive Q4 Results, but OSB Demand Continues to Fall

Spencer Liberman

Feb 21, 2023

No-moat-rated Louisiana-Pacific reported fourth-quarter results that were largely in line with our expectation as lower lumber prices and softening demand weighed on its financial performance. Net sales in the fourth quarter decreased 15% year over year, largely due to weakness in the firm’s oriented strand board, or OSB, business. That said, full-year 2022 revenue held up relatively well, declining only 2% due to strong demand and pricing in the first half of the year.

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