Louisiana-Pacific Corp. (LPX) Wednesday reported a swing to profit, on higher sales, compared to loss last year.
Currently, shares are at $86.01, down 8.47 percent, while the stock finished at $91.81 yesterday.
The quarterly earnings were $160 million or $2.23 per share, while the company reported loss of $20 million a year ago. On an adjusted basis, earnings were $2.09 per share.
The results reflected a $48 million changes in business exit charges and credits, and $16 million of prior year settlements of OSB patent-related claims. The second quarter results were partially offset by a $31 million increase in the provision for income taxes.
On average, 10 analysts polled by Thomson Reuters expected the company to earn $1.93 per share. Analysts estimates usually exclude special items.
The building products manufacturer's revenue for the quarter increased to $814 million from $611 million in the previous year. Analysts were expecting $797.26 million.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.