Louisiana-Pacific Corporation (LPX)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	593,000	562,000	580,000	979,000	1,498,000	1,676,000	1,949,000	2,115,000	1,974,000	1,984,000	1,771,000	1,204,000	833,000	587,000	370,000	331,000	304,000	328,000	466,000	649,000
Revenue (ttm)	US$ in thousands	2,581,000	2,628,000	2,752,000	3,271,000	3,854,000	3,984,000	4,150,000	4,188,000	4,038,000	3,674,000	3,451,000	2,831,000	2,399,000	2,465,000	2,273,000	2,313,000	2,310,000	2,362,000	2,496,000	2,719,000
Gross profit margin		22.98%	21.39%	21.08%	29.93%	38.87%	42.07%	46.96%	50.50%	48.89%	54.00%	51.32%	42.53%	34.72%	23.81%	16.28%	14.31%	13.16%	13.89%	18.67%	23.87%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $593,000K ÷ $2,581,000K
= 22.98%

Louisiana-Pacific Corp.'s gross profit margin has shown a declining trend over the past few quarters. In Q4 2023, the gross profit margin was 22.98%, lower than the previous quarter's 21.20% and significantly down from the peak of 46.23% in Q1 2022. This decrease indicates a potential erosion in the company's profitability on its sales after accounting for the cost of goods sold. It is essential for the company to closely monitor its cost structure and sales pricing strategies to improve its gross profit margin and overall financial performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Louisiana-Pacific Corporation

LPX

22.98%