The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Louisiana-Pacific missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly, and GAAP loss per share grew.
Margins dropped across the board.
Louisiana-Pacific booked revenue of $312.2 million. The seven analysts polled by S&P Capital IQ hoped for a top line of $319.6 million. Sales were 1.6% lower than the prior-year quarter's $316.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at -$0.34. The 11 earnings estimates compiled by S&P Capital IQ predicted -$0.20 per share. GAAP EPS were -$0.34 for Q4 versus -$0.05 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 6.8%, 420 basis points worse than the prior-year quarter. Operating margin was -7.9%, 140 basis points worse than the prior-year quarter. Net margin was -14.9%, 1,280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $345.7 million. On the bottom line, the average EPS estimate is -$0.16.
Next year's average estimate for revenue is $1.48 billion. The average EPS estimate is -$0.47.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Louisiana-Pacific is hold, with an average price target of $8.05.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.