Louisiana-Pacific Projects Q4 Siding Revenue Between $390M-$400M Following Record Third Quarter
Louisiana-Pacific (LPX) reported a strong third quarter for its siding business, which returned to year-over-year growth. The segment saw a 2% increase in volumes and a 7% rise in net sales, marking a new record for siding revenue. Looking ahead to the fourth quarter, management anticipates siding revenue to fall within the range of $390 million to $400 million. This outlook is supported by the ongoing expansion of the company's SmartSide distribution network.