Market Overview

LP Announces $150 Million Share Repurchase Authorization


Louisiana-Pacific Corporation (LP) (NYSE:LPX) announced today that its
Board of Directors has authorized a new stock repurchase program under
which the Company may repurchase up to $150 million of its common stock.

"LP remains committed to strategically deploying capital where we
believe we can drive the greatest value for our shareholders," said Brad
Southern, LP Chief Executive Officer. "With the previous $100 million
authorization soon to be completed, the LP Board of Directors has
approved this new share repurchase authorization to be deployed
opportunistically as part of our overall capital allocation strategy.
This new authorization highlights the Board and management team's
continued confidence in our business and outlook, our strong cash flow
generation and our focus on returning capital to shareholders."

About LP

As a proven leader in high performance building solutions, LP Building
Products manufactures uniquely engineered, innovative building products
that meet the demands and needs of the building industry. Its extensive
product portfolio includes durable and dependable exterior siding and
trim systems, engineered wood framing and structural panels for
single-family homes, multifamily projects, repair & remodel markets,
light commercial facilities and outdoor buildings. LP also provides
industry leading service and warranties to help customers build smarter,
better and faster. Founded in 1973, LP is a global company headquartered
in Nashville, Tennessee, and traded on the New York Stock exchange under
LPX. For more information, visit

View Comments and Join the Discussion!