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Posts Tagged ‘brazil’

Louisiana-Pacific Corp. Reports Q4 Earnings

February 8th, 2017 Comments off
LouisianaPacificCorpReportsQ4EarningscreditLPX1-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Louisiana-Pacific Corp.

Louisiana-Pacific Corporation (NYSE: LPX) reported results for the fourth quarter and year ending December 31, 2016 today.

Total net sales for the fourth quarter totaled $550 million, 19 percent higher than the same quarter one year ago. Total net sales for the year were $2.2 billion, 18 percent higher than the previous year.

 

Income from continuing operations for the fourth quarter was $43 million ($0.29 per diluted share) and income of $150 million ($1.03 per diluted share) for the year.

Non-GAAP adjusted income from continuing operations was $32.8 million ($0.23 per diluted share) for the fourth quarter and income of $130 million ($0.89 per diluted share) for the year. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) from continuing operations for the fourth quarter was $85 million compared to $34 million in the fourth quarter of 2015.

For the year, EBITDA from continuing operations was $346 million compared to $67 million the previous year.

LouisianaPacificCorpReportsQ4EarningscreditLPX2-postedtothedailybusinessnewsmhpronewsmhlivingnews

LouisianaPacificCorpReportsQ4EarningscreditLPX2-postedtothedailybusinessnewsmhpronewsmhlivingnews

Our fourth quarter ended very strong which added to an outstanding 2016 for LP,” said CEO Curt Stevens.

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LPX CEO Curtis Stevens. Credit: LPX.

Siding revenues were nearly 20 percent higher in Q4 of this year compared to Q4 of last year while adjusted EBITDA for this business was over 50 percent higher. Coupled with over a 400 percent increase in OSB earnings this quarter compared to last year, the full year ended with an 18 percent increase in revenues, an EPS from continuing operations of $1.03 and adjusted EBITDA of $346 million.

LPX shares were up today, gaining 4.63 percent.

I am confident that housing will continue to grow over the next several years as household formations increase and both job and wage growth become stronger,” said Stevens.

With our new leadership in place, our facilities running well and our sales force focused on growth, 2017 should be a good year for LP.

LouisianaPacificCorpReportsQ4EarningscreditBloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

Louisiana-Pacific Corporation is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction. From manufacturing facilities in the U.S., Canada, Chile and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers.

LPX is one of the various manufactured housing industry-connected stocks monitored each business day on the industry’s only daily market report, featured exclusively on the Daily Business News.  For the most recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

LPX Q4 2016 and Year End Results.

(Image credits are as shown above.)

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RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Top Ten for Manufactured Home Living News

October 19th, 2014 Comments off

modern-manufactured-home-living-mhlivingnews-daily-business-news-mhpronews-The number 1 source for visitors, per Webalizer, on the new Manufactured Home Living News are from the U.S.. That should be obvious, but what makes up the next 10?

The pace of traffic on the site is accelerating.  With over a million visits – and millions more ‘hits’ (or page views) – in the first year of the new site –  where in the world are the rest of the virtual visits coming from?

Readers from about 120 nations monthly visit MHLivingNews.com.

So the top ten – after the U.S. – list below speaks volumes. For the month of October, as of 19-Oct-2014 08:01 EDT.

  • Russian Federation
  • China
  • Brazil
  • European Union
  • Non-Profit (org)
  • Canada
  • Germany
  • Ukraine
  • US Government (gov)
  • Australia

Manufactured and modular homes are of keen interest world-wide. Some of these nations reflect investors or researchers (we know, because they touch base with MHProNews.com).

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So why are there more people in the Ukraine interested in modern manufactured home living in the U.S. than the U.S. Government is?

Why are many times more non-profits interested in manufactured housing than the U.S. government? ##

(Image credits: MHLivingNews.com)

World Cup Stadiums may Alleviate Housing Needs

July 16th, 2014 Comments off

Following on the heels of the World Cup tournament in Brazil that required the eviction of 100,000 of the country’s poorest citizens and demolition of their homes to make way for the 12 stadiums and visitor housing, a plan is afoot to insert 1,100 square foot modular units between the concrete pylons for housing the displaced. Each unit could provide living space for four people. The seating and fields for soccer would remain, according to ryot.org, and ticket sales for soccer matches could help finance construction and maintenance of the housing facility. MHProNews understands needed housing, but tucking people away in a concrete jungle may not be a wise long-term answer. ##

(Photo credit: ryot.org/Casa Futebol photo–World Cup stadium in Brazil)

 

Atco Sells its Half of Modular Venture

September 13th, 2013 Comments off

Producer of modular workforce buildings, mobile offices, and permanent modular buildings, Canada’s Atco Ltd. has sold its half of the joint venture in South America with Tecno Fast to its partner for Canada $124 million. The sale includes assets in Brazil, Chile, Colombia and Peru, according to winnipegfreepress.com. With 8,800 employees worldwide, and clients in over 100 countries, as MHProNews has learned, Atco Structures and Logistics has other working subsidiaries in South America and may re-enter the modular market at a later date.

(Photo credit: dl-online.com–Homark Homes modular bunkhouse)

Falling Crude = Real Estate Recovery

June 12th, 2012 Comments off

EmergingMoney tells MHProNews.com the result of falling oil prices is cheaper financing and less expensive materials, which helps the global real estate market. Lower priced oil means: Lower transportation costs for material shipments and commuters; generally lower rate of inflation which helps keep interest rates down; lower costs of home and commercial construction since so many materials used in building come from petroleum—roofing, coatings, asphalt, paints; and billions of dollars that would go for oil imports can now be used domestically. Since the largest importers of crude oil are also the largest real estate markets—the U.S., China, Brazil, and India—as oil prices fall more funds will be available for real estate.

(Photo credit: OilGasFinancial)

Sam Zell: Government Programs Prevent Housing Recovery

February 10th, 2012 2 comments

MoneyNews tells MHProNews.com Sam Zell, CEO of Equity Lifestyle Properties says if the government had not stepped in to try and solve the housing market problems we would have a healthy market today. He says government intervention prevented the market from clearing itself. “We are the only country in the world where you can borrow money on a house and walk away from it. Everywhere else, all the people in Europe, all the people who borrow money in Brazil, they’re all personally liable for 100 percent of the debt. So by virtue of not being personally liable, we’ve created a giant moral hazard,” Zell says. Equity Lifestyle Properties is the largest MHC operator in North America with over 134,000 homesites.

(Photo credit: Wall Street Journal–Sam Zell photo)