Louisiana-Pacific Corporation Q3 2025 Earnings Recap

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.