Investor Presentaiton
RECONCILIATION OF NET INCOME TO NON-GAAP
ADJUSTED INCOME AND ADJUSTED DILUTED EPS
($ in millions, except per share amounts)
Quarter Ended December 31,
2023
2022
Year Ended December 31,
2023
2022
Net income attributed to LP from continuing operations per share
- diluted
0.81
(0.14) $
2.46 $
11.34
Net income (loss)
59
(11) $
178
1,083
Add (deduct):
Net loss attributed to non-controlling interest
3
3
Income from discontinued operations, net of income taxes
(2)
(198)
Net income (loss) attributed to LP from continuing operations
59
(10)
178
888
Loss on impairment attributed to LP
5
6
1
Other operating credits and charges, net
2
1
18
(16)
Business exit charges
(3)
32
Pension settlement charges
(2)
78
4
82
Reported tax provision
Adjusted income before tax
Normalized tax provision at 25%
Adjusted Income
Diluted shares outstanding
Adjusted Diluted EPS
7
(10)
74
274
68
59
311
1,229
(17)
(15)
(78)
(307)
51 $
44 $
233 $
922
72
72
72
78
0.71
0.61 $
3.22 $
PAGE 59
11.77
LP BUILDING
SOLUTIONSView entire presentation