Vertex Energy Shares Plunge After Q2 Results

Benzinga

Louisiana-Pacific Shares Slip Post Q2 Results

Louisiana-Pacific Corp (NYSE: LPX) reported a second-quarter FY22 sales decline of 3% year-on-year to $1.13 billion, missing the consensus of $1.25 billion. The gross margin contracted by 1,272 bps to 45.8%. The operating income decreased 27.1% Y/Y to $462 million with an operating margin of 40.9%, down by 1,240 bps. Adjusted EPS, including discontinued operations, was $4.57, and adjusted EPS from continuing operations was $4.19. Adjusted EBITDA decreased 26.2% Y/Y to $491 million, and margin fe