Louisiana-Pacific Corp. (LPX) reported that its net income attributed to the company for the third quarter of 2020 increased to $177 million or $1.57 per share from $2 million or $0.02 per share in the previous year.
In addition to the increase in OSB pricing and SmartSide growth, wood fiber and resin costs were favorable in the quarter by $9 million compared to the same period in 2019.
Adjusted earnings per share for the third quarter was $1.56 compared to $0.08 in the third quarter of 2019.
Total net sales for the third quarter of 2020 increased by $192 million to $795 million compared to the third quarter of 2019.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.45 per share and revenues of $753.09 million. Analysts' estimates typically exclude special items.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.