Louisiana-Pacific (LPX) FY2023 results: revenue $2.6 billion, down 33.0% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $2.6 billion for fiscal 2023, the year ended 31 December 2023, down 33.0% on the year before. Net income was $178 million, down 83.6%, and diluted earnings per share $2.46. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$2.6 billion
-33.0% on the year
FY2016FY2023
Operating margin
11.1%
32.4% a year earlier
FY2016FY2023
Net income
$178 million
-83.6% on the year
FY2016FY2023
Diluted EPS
$2.46
-82.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
316
1,144
1,484
-72.4%
Capital expenditure
300
414
254
-27.5%
Free cash flow
16.0
730
1,230
-97.8%
Free cash flow margin
0.6%
18.9%
31.4%
Cash from investing
-376
-146
-247
Cash from financing
-77.0
-982
-1,388
Depreciation and amortisation
119
129
114
-7.8%
Share-based compensation
13.0
n/a
n/a
Buybacks
0.0
900
1,300
Dividends paid
69.0
69.0
66.0
0.0%
Dividend per share
$0.24
$0.22
n/a
+9.1%
Diluted shares, weighted
72m
78m
98m
-7.7%
Shares outstanding at period end
72m
72m
86m
+0.6%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
1,557
1,433
1,235
+8.7%
Redeemable equity
n/a
0.0
4.0
Debt
347
346
346
+0.3%
Operating lease liabilities
25.0
41.0
44.0
-39.0%
Other liabilities
508
530
565
-4.2%
Total liabilities and equity
2,437
2,350
2,194
+3.7%
Fixed assets
1,540
1,326
1,039
+16.1%
Goodwill
19.0
19.0
19.0
0.0%
Intangible assets
32.0
45.0
49.0
-28.9%
Cash and equivalents
222
369
358
-39.8%
Receivables
155
127
191
+22.0%
Inventory
378
337
278
+12.2%
Other assets
91.0
127
260
-28.3%
Total assets
2,437
2,350
2,194
+3.7%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.