Louisiana-Pacific Unveils LP SmartSide Perfection Shingle

Louisiana-Pacific Corporation (NYSE:LPX) , being preeminent in the field of high performing building solutions, recently announced the debut of the LP SmartSide Perfection Shingle product in the LP SmartSide Trim & Siding product line. Its a new engineered wood fiber lap shingle that renders a smooth wood texture without knots.

The newly launched product, which is designed for use in single family, multi family and light commercial purpose, are directly complementing the consumer’s aesthetic preferences. Notably, the engineered wood siding products of Louisiana-Pacific have always been able to meet customer expectations.

The leading manufacturer of quality engineered wood building products also plans on expanding its product range to accommodate all consumer demand and thereby driving the top line.

In fact, in its recently released second-quarter 2017 results, Louisiana-Pacific’s net sales increased 19% year over year. The company registered higher demand for products and increased Oriented Strand Board or OSB pricing. Siding and Engineered Wood Product (EWP) generated higher revenues with improved pricing.

Moreover, shares of Louisiana-Pacific have outperformed the industry in the last six months.

Further the company expects to continue with sustainable improvement projects including consistent siding growth and instigation of new specialty products in the second half of 2017. The year-over-year increase in single-family starts raises hopes of a profitable second half for the company despite the constraints of labor shortage and lot availability.

Zacks Rank & Stocks to Consider

Louisiana- Pacific currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

A few better-ranked stocks in the same industry are NVR, Inc. (NYSE:NVR) and KB Home (NYSE:KBH) , with a Zacks #1 Rank, and M/I Homes, Inc. (NYSE:MHO) , with a Zacks Rank #2 (Buy).

NVR’s full-year earnings are expected to increase 33.9%.

KB Home’s full-year earnings are likely to increase 51.7%.

M/I Homes’ full-year earnings are expected to increase nearly 37.1%.

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