New LS with NO COMPRESSION!!
I suggest removing all the rockers and letting it sit for a day or two to see if the lifters recover. Then remeasure pushrods.
1. Put finger over number one spark plug hole and see if it pushes your finger off.
If not go to step 2
2. Take off all rocker arms set number one down the hole place finger over spark plug hole if finger is pushed off problem is in valvetrain if not it's probably in the shortblock. If it pushes your finger go to step 3.
3. replace rockers leave valve covers off crank engine over until oil reaches all rocker arms. Then back off rockers and crank engine over several more times. Snug down rockers and again finger check number one Cylinder. If still no compression go to step 4.
4. At this point purchase a length checker, remove rockers for number one Cylinder. Measure pushrod length then set tool 0.010 shorter place tool in number one and snug down intake rocker and check for lash the ability to move the push rod up and down if you have no lash rotate the engine watch the rocker open and then close rotate the Crank 1/4 turn from point of closing then recheck lash if no lash note that length back intake off and shorten it again repeat this process until you find the length that gives you lash then go back to the last length and that is the length intake pushrod you need. Repeat these steps on exhaust side and get the right exhaust pushrods make sure you annotate which is which. Once push rod lengths are verified and corrected as needed replace all push rods and rockers spin engine over until oil reaches all rockers. Then repeat step 1. If no compression at this point got to step 5
5. If you are here the problem is in the short block area next is to remove front engine cover and set number one to TDC and. Verify timing marks if timing marks don't line up dot to dot your cam timing is off remove driver side head to degree or if you don't care about doing it right back off your rockers make sure your number one is at TDC and the Crank sprocket dot matches if not mar the tooth that points straight up then match the dot on the cam gear to it so your dots should basically come together with the cam sprocket at 6 and the Crank at 12. If this doesn't resolve the issue then the shortblock needs to come apart.
Hope this helps






