The 8.2% stock gain reflects investor approval of stronger-than-expected price realization in Siding and OSB segments, which offset volume declines and led to EBITDA performance above the high end of guidance despite ongoing headwinds.

• EBITDA reached $82 million, supported by price gains in Siding and OSB exceeding expectations.
• OSB pricing softness reduced net sales and EBITDA by $66 million, driven by weak demand and below-breakeven prices.
• Siding EBITDA declined only $5 million despite a 10% drop in net sales, aided by the growth of the higher-margin ExpertFinish product line (12% of Siding volume; 18% of revenue).
• Channel inventories normalized in Q2 following elevated prebuy activity, particularly in off-site construction.
• The company secured new partnerships with two national homebuilders, aiming to supply 100 million square feet to 15 of the top 25 builders, highlighting potential for market share gains.