Company expects Siding segment to return to growth in Q3, reaffirms full-year guidance
Result Drivers
Lower siding volumes - Co said Q2 Siding net sales fell due to 11% lower volumes, partially offset by 7% higher prices
OSB price and volume decline - Co said Q2 OSB net sales dropped due to lower prices and sales volumes
Raw material inflation - Co said margin pressure in Siding was due to higher raw material, freight, and labor costs
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
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