LP Building Solutions Reports First Quarter 2021 Results, Provides Second Quarter Outlook, and Announces an Additional $1 Billion Share Repurchase Authorization
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NASHVILLE, Tenn., May 4, 2021 /PRNewswire/ Louisiana-Pacific Corporation (LP) (NYSE: LPX) today reported its quarter ended March 31, 2021 financial results.
Key Highlights for the First Quarter
Net sales increased by 74% to $1.0 billion
LP
® net sales increased by 49% to $283 million
OSB net sales increased by $319 million to $539 million, $333 million of which was from higher OSB prices
Net income attributed to LP was $320 million ($3.00 per diluted share)
Cash provided by operating activities was $314 million
Adjusted EBITDA
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