The 10-second takeaway
For the quarter ended March 31 (Q1), Louisiana-Pacific missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew. GAAP earnings per share expanded.
Margins increased across the board.
Louisiana-Pacific logged revenue of $537.5 million. The eight analysts polled by S&P Capital IQ wanted to see revenue of $555.6 million on the same basis. GAAP reported sales were 49% higher than the prior-year quarter's $361.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.41. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.43 per share. Non-GAAP EPS were $0.41 for Q1 compared to -$0.06 per share for the prior-year quarter. GAAP EPS were $0.45 for Q1 compared to -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 27.0%, much better than the prior-year quarter. Operating margin was 16.6%, much better than the prior-year quarter. Net margin was 12.1%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $556.7 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $2.16 billion. The average EPS estimate is $1.53.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Louisiana-Pacific is hold, with an average price target of $20.77.
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