LPX Q1 2022 Earnings Report — Louisiana-Pacific Corporation Revenue & Financial Results | Market Cap Arena

Louisiana-Pacific CorporationLPX

Q1 2022 Earnings

Reported May 3, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2022	Q4 2021	Q1 2021	QoQ Change	YoY Change
Revenue	$1.2B	—	$894M	—	30.5%
Op. Income	$556M	—	$424M	—	31.1%
Gross Margin	53.1%	—	52.2%	—	0.9pp
Net Margin	41.5%	—	35.8%	—	5.7pp
EPS (Diluted)	$5.60	—	$3.00	—	86.7%
Free Cash Flow	$333M	—	$280M	—	18.9%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$547M
GROSS PROFIT	$620M
R&D Expenses	$0
Selling & Marketing	-$1M
General & Administrative	$63M
SG&A Expenses	$62M
Other Expenses	$2M
Operating Expenses	$64M
Cost & Expenses	$611M
OPERATING INCOME	$556M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$545M
Income Tax Expense	$124M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$62M
Other Adjustments	$0
NET INCOME	$484M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$484M
D&A	$32M
EBIT	$547M
EBITDA	$579M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$547M
GROSS PROFIT	$620M
R&D Expenses	$0
Selling & Marketing	-$1M
General & Administrative	$63M
SG&A Expenses	$62M
Other Expenses	$2M
Operating Expenses	$64M
Cost & Expenses	$611M
OPERATING INCOME	$556M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$545M
Income Tax Expense	$124M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$62M
Other Adjustments	$0
NET INCOME	$484M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$484M
D&A	$32M
EBIT	$547M
EBITDA	$579M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$483M
Depreciation & Amortization	$32M
Stock-Based Compensation	$0
Deferred Income Tax	$11M
Other Non-Cash Items	-$36M
Change in Working Capital	-$65M
OPERATING CASH FLOW	$425M
Capital Expenditure	-$92M
Acquisitions (Net)	$59M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$33M
Net Debt Issuance	$0
Common Stock Repurchased	-$104M
Common Dividends Paid	-$19M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	-$137M
FREE CASH FLOW	$333M
Net Change in Cash	$266M

Balance Sheet

Item	Amount
Cash & Equivalents	$624M
Short-Term Investments	$0
Net Receivables	$320M
Inventory	$382M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.2B
Goodwill	$19M
Intangible Assets	$18M
Long-Term Investments	$7M
Tax Assets	$8M
Other Non-Current Assets	$93M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.7B
Account Payables	$330M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$459M
Long-Term Debt	$346M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$103M
Other Non-Current Liabilities	$102M
TOTAL NON-CURRENT LIABILITIES	$595M
TOTAL LIABILITIES	$1.1B
Common Stock	$101M
Additional Paid-In Capital	$451M
Retained Earnings	$1.6B
Treasury Stock	-$391M
Accum. Other Comp. Income	-$149M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$3M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$390M
Net Debt	-$234M