May 6, 2020
LP Building Solutions (LP) and the LP Foundation announced donations to frontline organizations working to fight the COVID-19 pandemic. To aid humanitarian efforts in LP’s communities, donations support PPE for frontline healthcare workers and food relief.
The LP Foundation donated 25 000 $ to Vanderbilt University Medical Center’s COVID-19 Caregiver Support Fund and 25 000 $ to Second Harvest Food Bank of Middle Tennessee to help feed those affected by the pandemic in the company’s home city of Nashville. Additionally, LP mills across the U.S. and Canada have sent donations of personal protective equipment (PPE) to local healthcare systems, hospitals and first responders.
"LP is committed to building a better world," said LP Chief Executive Officer Brad Southern. "While that starts with safeguarding the health and safety of our employees, we also have an obligation to help our communities. The coronavirus pandemic is hitting our healthcare workers and those most vulnerable especially hard. I'm proud of our mills and the LP Foundation for stepping up to support COVID-19 relief efforts, and I encourage everyone who can to lend a helping hand."
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March 30, 2020
LP Building Solutions (LP) (NYSE: LPX) today announced adjustments to operating schedules, reductions in capital expenditures, and steps to enhance an already strong balance sheet. LP also announced amended guidance consistent with these plans and the uncertainties surrounding the impact of COVID-19, governmental responses, and subsequent economic recovery.
“We are in the early stages of this pandemic,” said LP Chief Executive Officer Brad Southern. "Much is still unknown about the magnitude and duration of health and economic impacts. LP is using the best available information to make sound decisions and act with integrity, agility, and resolve to protect our employees, customers, and shareholders."
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At LP, our first priority – now and always – is the safety and well-being of our employees, our customers, and the communities in which we serve.
As the coronavirus (COVID-19) pandemic continues to impact the world around us, we want to update you on the approach LP is taking to ensure we continue providing you with the high quality products and customer service you have come to expect.
We continue to monitor the situation closely and take proactive measures to protect the health and safety of our employees and customers while ensuring business continuity. Therefore, we have limited travel for our associates including the postponement of larger customer events. We've established rigorous cleaning protocols at our facilities and are practicing social distancing by reducing open work environments and utilizing technology in place of face-to-face meetings. Our order fulfillment and customer service teams are working remotely while they continue to provide you with the same high level of service without disruption. They are processing orders and responding to your phone calls as they normally do.
LP has also conducted an extensive analysis of our supply chain and logistics operations in order to continue delivering our products. This includes the development of contingency plans to minimize any potential disruptions in service.
We are honored that you trust LP with your business. As always, we remain committed to serving you and safeguarding the health and well-being of the entire LP family - our employees and customers alike.
For questions, please contact us at email@example.com.
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