Earnings Scrutiny and Notes - Louisiana-Pacific

LONDON, March 12, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Investor-Edge.com has issued free earnings notes on Louisiana-Pacific Corp. (NYSE: LPX). On February 11, 2015, the company reported its financial results for Q4 FY14 and full year FY14 (period ended December 31, 2014). Click on http://get.Investor-Edge.com/pdf/?c=Louisiana-Pacific&d=12-Mar-2015&s=LPX to read our free earnings review on Louisiana-Pacific Corporation (Louisiana-Pacific). The company's net sales stood at $453.5 million for Q4 FY14 and $1.93 billion for FY14. Our free coverage report can be accessed at:

http://get.Investor-Edge.com/pdf/?c=Louisiana-Pacific&d=12-Mar-2015&s=LPX

Earnings Overview 

During Q4 FY14, Louisiana-Pacific's net sales fell 5%, or $26.2 million, from $479.7 million in Q4 FY13. The company's Q4 FY14 net sales missed Bloomberg analysts' forecast of $483.1 million. The company's Oriented Strand Board (OSB) segment reported net sales for Q4 FY14 of $203.2 million compared to $229.8 million in Q4 FY13. Louisiana-Pacific's Siding segment saw net sales improved by 2% to $140.9 million in Q4 FY14 from $138.3 million in in Q4 FY13. The company's Engineered Wood Products segment net sales fell 3% Y-o-Y to $65.6 million in Q4 FY14. Additionally, the company's South America segment Q4 FY14 net sales declined to $35.9 million from $40.6 million in Q4 FY13. Free research on LPX can be downloaded in PDF format at:

http://get.Investor-Edge.com/pdf/?c=Louisiana-Pacific&d=12-Mar-2015&s=LPX

In Q4 FY14, Louisiana-Pacific reported loss from continuing operations of $43 million, or $0.30 loss per diluted share, compared to loss from continuing operations of $19.2 million, or $0.14 loss per diluted share, in Q4 FY13. Louisiana-Pacific's Q4 FY14 non-GAAP adjusted loss from continuing operations widened to $32.1 million from $9.0 million in Q4 FY13. Moreover, the company reported net loss of $42.9 million, or $0.30 loss per diluted share, in Q4 FY14 compared to net loss of $20.4 million, or $0.15 loss per diluted share, in Q4 FY13. Bloomberg analysts had expected net loss of $21.7 million, or $0.15 loss per diluted share, in Q4 FY14.

For FY14, Louisiana-Pacific's net sales fell by 7%, or $150.4 million, from $2.09 billion in FY13. The company's FY14 net sales missed Bloomberg analysts' forecast of $1.97 billion. In FY14, Louisiana-Pacific's OSB segment net sales fell 20% to $855.2 million from 1.07 billion in FY13. However, the company's Siding segment saw net sales grow by 8% to $617.3 million in FY14 from 573.8 million in FY13. Louisiana-Pacific's Engineered Wood Products segment reported net sales of $281.0 million in FY14 compared to $250.4 million in FY13. Furthermore, its South America segment's FY14 net sales came in at $150.4 million compared to $171.5 million in FY13. Sign up and read the free analyst's notes on LPX at:

http://get.Investor-Edge.com/pdf/?c=Louisiana-Pacific&d=12-Mar-2015&s=LPX

During FY14, Louisiana-Pacific's loss from continuing operations was $73.4 million, or $0.52 loss per diluted share, compared to income from continuing operations of $177.4 million, or $1.23 per diluted share, in FY13. The company's FY14 non-GAAP adjusted loss from continuing operations came in at $59.7 million versus non-GAAP adjusted income from continuing operations of $129.3 million in FY13. Additionally, Louisiana-Pacific reported net loss of $75.4 million, or $0.53 loss per diluted share, in FY14 compared to net income of $177.1 million, or $1.23 per diluted share, in FY13. Bloomberg analysts had expected net loss of $49.5 million, or $0.36 loss per diluted share, in FY14.

CEO of Louisiana-Pacific, Curt M. Stevens stated that Q4 FY14 was a tough quarter for the company as OSB prices drifted downward, log outages affected siding production and EWP sales slowed as dealers aggressively managed their inventories at year-end. However, he said that there are some positive signs that housing activity will improve including: increase in consumer confidence (lower energy prices); actions by the government to lower the cost and increase the availability of mortgages; lower mortgage rates; and a better outlook for jobs.

Commenting further, Mr. Stevens said that even though housing starts were only up about 9% in FY14, the consensus forecast for FY15 and FY16 currently shows about a 20% increase in each of the next two years. Visit Investor-Edge and access the latest research on LPX at:

http://get.Investor-Edge.com/pdf/?c=Louisiana-Pacific&d=12-Mar-2015&s=LPX

Stock Performance 

On the day of the earnings release, February 11, 2015, Louisiana-Pacific's stock lost 2.44% to end the session at $16.00. Since then, the stock has moved both ways with gains outperforming losses. On the last close, Wednesday, March 11, 2015, the company's shares finished 1.82% higher at $16.23, after vacillating between $15.66 and $16.27. A total of 2.54 million shares were traded which was above their three months average volume of 2.22 million shares. Over the last one month and over the past three months, the company's shares have advanced 1.44% and 1.50%, respectively. However, the stock has fallen by 1.16% in previous three trading sessions.

Sneak Peek to Corporate Insider Trading 

In the last one month, there were five corporate insider transactions done by one individual. Between February 13, 2015 and February 17, 2015, Richard (Rick) S. Olszewski, Executive Vice President of Sales and Marketing and Louisiana-Pacific South America, bought 7,690 shares at an average price of $17.44 per share for a total value of $134,114 and disposed 64,350 share worth $1.11 million at an average price of $17.19 per share. Complimentary in-depth research on LPX is available at:

http://get.Investor-Edge.com/pdf/?c=Louisiana-Pacific&d=12-Mar-2015&s=LPX

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