Louisiana-Pacific (NYSE: LPX) reported earnings on May 7. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Louisiana-Pacific beat expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP loss per share shrank.

Margins improved across the board.

Revenue details
Louisiana-Pacific tallied revenue of $361.5 million. The seven analysts polled by S&P Capital IQ wanted to see sales of $349.8 million on the same basis. GAAP reported sales were 9.0% higher than the prior-year quarter's $331.7 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.06. The 12 earnings estimates compiled by S&P Capital IQ forecast -$0.15 per share. GAAP EPS were -$0.08 for Q1 compared to -$0.18 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 13.3%, 220 basis points better than the prior-year quarter. Operating margin was -0.6%, 350 basis points better than the prior-year quarter. Net margin was -3.1%, 380 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $389.4 million. On the bottom line, the average EPS estimate is -$0.09.

Next year's average estimate for revenue is $1.48 billion. The average EPS estimate is -$0.45.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Louisiana-Pacific is hold, with an average price target of $8.55.

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