Louisiana-Pacific Corporation Earnings Recaps
Q1 2026
May 7, 2026
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.
Key takeaways
- 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.
Q3 2025
Nov 6, 2025
Louisiana-Pacific Corporation reported a challenging third quarter with a significant decline in total sales and EBITDA due to reduced OSB prices, but managed to achieve 5% growth in siding sales revenue driven by favorable pricing and a strong product mix.
Key takeaways
- Siding sales revenue rose 5%, primarily from price increases and a 17% growth in ExpertFinish product sales.
- Total company sales decreased 8% year-over-year, with EBITDA down to $82 million impacted by prolonged low OSB prices.
- OSB operations demonstrated resilience, achieving 80% overall equipment effectiveness, a notable improvement from last year.
- LP was recognized among the 50 Best Manufacturers in the U.S. and as one of America's Most Admired Workplaces.
- CEO Brad Southern announced plans to retire in February 2026 after 25 years, with Jason Ringblom set to succeed him, ensuring continuity in strategic leadership.