LPX FY 2023 Earnings Report — Louisiana-Pacific Corporation Revenue & Financial Results | Market Cap Arena

Louisiana-Pacific CorporationLPX

FY 2023 Earnings

Reported February 14, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$2.6B	—	$3.9B	—	-33.0%
Op. Income	$287M	—	$1.3B	—	-77.0%
Gross Margin	23.0%	—	38.9%	—	-15.9pp
Net Margin	6.9%	—	28.2%	—	-21.3pp
EPS (Diluted)	$2.47	—	$11.90	—	-79.2%
Free Cash Flow	$16M	—	$730M	—	-97.8%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.0B
GROSS PROFIT	$593M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$257M
SG&A Expenses	$257M
Other Expenses	$49M
Operating Expenses	$306M
Cost & Expenses	$2.3B
OPERATING INCOME	$287M
Interest Income	$18M
Interest Expense	$14M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$252M
Income Tax Expense	$74M
Net Income from Continuing Ops	$178M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$178M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$178M
D&A	$119M
EBIT	$261M
EBITDA	$380M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.0B
GROSS PROFIT	$593M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$257M
SG&A Expenses	$257M
Other Expenses	$49M
Operating Expenses	$306M
Cost & Expenses	$2.3B
OPERATING INCOME	$287M
Interest Income	$18M
Interest Expense	$14M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$252M
Income Tax Expense	$74M
Net Income from Continuing Ops	$178M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$178M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$178M
D&A	$119M
EBIT	$261M
EBITDA	$380M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$178M
Depreciation & Amortization	$119M
Stock-Based Compensation	$0
Deferred Income Tax	$44M
Other Non-Cash Items	$103M
Change in Working Capital	-$128M
OPERATING CASH FLOW	$316M
Capital Expenditure	-$300M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$76M
NET CASH FROM INVESTING	-$376M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$69M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$77M
FREE CASH FLOW	$16M
Net Change in Cash	-$147M

Balance Sheet

Item	Amount
Cash & Equivalents	$222M
Short-Term Investments	$0
Net Receivables	$155M
Inventory	$378M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$778M
PP&E (Net)	$1.6B
Goodwill	$19M
Intangible Assets	$32M
Long-Term Investments	$5M
Tax Assets	$11M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.4B
Account Payables	$141M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$274M
Long-Term Debt	$347M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$162M
Other Non-Current Liabilities	$72M
TOTAL NON-CURRENT LIABILITIES	$606M
TOTAL LIABILITIES	$880M
Common Stock	$88M
Additional Paid-In Capital	$465M
Retained Earnings	$1.5B
Treasury Stock	-$386M
Accum. Other Comp. Income	-$89M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$378M
Net Debt	$156M