Louisiana-Pacific's 3Q Buoyed by Improving OSB Prices; Raising FVE to $22 from $21
Results improved across nearly all of Louisiana-Pacific's segments during the third quarter. Higher oriented strand board, or OSB, pricing led the way, but margins on LP's siding appear to have improved as well. The engineered wood products segment sustained robust profitability. We've lifted our expectations for the year, leading us to increase our fair value estimate to $22 from $21.A combination of supply disruptions and catastrophe-related demand drove panel prices higher throughout the qua...
Louisiana-Pacific is a provider of building solutions serving the new home construction, repair and remodeling and outdoor structures markets. The company has four segments: siding, which includes LP SmartSide? Strand and Fiber trim and siding, as well as LP Outdoor Building Solutions? products for outdoor buildings; oriented strand board (OSB), which manufactures and distributes OSB structural panel products; engineered wood products, which include LP SolidStart? I-Joist, Laminated Veneer Lumber, and other related products; and South America, which manufactures and distributes OSB structural panel and siding products in South America and certain export markets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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