Louisiana-Pacific Corporation (LPX)

Pretax margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before tax but after interest (EBT)	US$ in thousands	252,000	1,360,000	1,779,000	620,000	-18,000
Revenue	US$ in thousands	2,581,000	3,854,000	3,915,000	2,399,000	2,310,000
Pretax margin		9.76%	35.29%	45.44%	25.84%	-0.78%

December 31, 2023 calculation

Pretax margin = EBT ÷ Revenue
= $252,000K ÷ $2,581,000K
= 9.76%

Louisiana-Pacific Corp.'s pretax margin has fluctuated over the past five years. In 2023, the pretax margin stood at 9.76%, representing a significant decrease from 30.07% in 2022 and 39.51% in 2021. The company experienced a notable decline in profitability compared to the previous years. However, the 2023 pretax margin is an improvement over the negative 1.00% recorded in 2019. It is important to further investigate the factors contributing to the decrease in pretax margin to assess the company's financial performance and sustainability.

Peer comparison

Dec 31, 2023

Company name

Symbol

Pretax margin

Louisiana-Pacific Corporation

LPX

9.76%