BUZZ-Louisiana-Pacific tumbles after Q4 results, outlook

Updates, adds context of U.S.housing data, changes headline

Shares of Louisiana-Pacific LPX.N down 9.9% at $101.81 on Weds after building products firm's qtrly results and guidance fail to enthuse

LPX shares on course for biggest one-day pct drop since Aug 2, 2023. Stock falls as low as $97.90, lowest since late Oct

Tennessee-based co early Weds posted Q4 sales of $681 mln, up 3% y/y, and adj EPS of $1.03. Analysts expected rev of $666.8 mln and earnings of $0.86, per LSEG data

Its siding business sales rose 9% from a year ago to $362 mln, while sales of oriented strand board (OSB), used for floors and roofs, decreased 2% to $267 mln

Regarding its outlook, LPX projected current qtr siding sales of $390-$400 mln (+9%-11% growth) and 2025 siding sales of $1.65-$1.7 bln (+7%-9% growth)

It anticipates adj EBITDA of $130-$150 mln in Q1 and $615-$635 mln for the full year

In a flash research note, TD Cowen said while Q4 results were near its expectations, Q1 EBITDA guidance implies a slowdown in OSB segment contributions

Latest housing starts data on Weds could also be weighing on LPX shares. U.S. single-family homebuilding fell sharply last month, partially due to brutal weather conditions across the country, with a rebound seen limited by higher costs from tariffs and elevated mortgage rates

PHLX Housing index .HGX off >2% on Weds with shares of luxury builder Toll Brothers TOL.N the biggest losers, down >7%, after it posted qtrly rev, profit below consensus

Of 10 brokerages covering LPX, recommendation breakdown is 3 "buy", 5 "hold" and 2 "sell"; median PT of $123 up from $117 on Nov 19 - LSEG

With move on the session, shares dip into the red YTD by ~2%, but are up 50% over the past 12 months