Louisiana-Pacific Full Year 2023 Earnings: Beats Expectations
Louisiana-Pacific (NYSE:LPX) Full Year 2023 Results
Key Financial Results
Revenue: US$2.58b (down 33% from FY 2022).
Net income: US$178.0m (down 80% from FY 2022).
Profit margin: 6.9% (down from 23% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$2.47 (down from US$11.39 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Louisiana-Pacific Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 4.4%.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Forestry industry in North America.
Performance of the market in the US.
The company's shares are up 1.3% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Louisiana-Pacific you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
