What is the revenue and EPS growth rate for Louisiana-Pacific year over year?

What were the key takeaways from Louisiana-Pacific’s earnings call?

What were the key takeaways from Louisiana-Pacific's earnings call?

What is the market's earnings forecast for Louisiana-Pacific next quarter?

What does Louisiana-Pacific do and what are its main business segments?

What is Louisiana-Pacific's gross profit margin?

What is Louisiana-Pacific's latest dividend and current dividend yield?

What guidance did Louisiana-Pacific's management provide for the next earnings period?

- **Siding Strength**: 8% revenue growth in 2025, driven by 35% ExpertFinish volume surge and 20%+ shed growth, despite housing starts decline.
- **Margin Expansion**: Siding EBITDA margin up 1pt to 26%, OSB EBITDA loss narrowed to $7M vs. $103M in 2024.
- **2026 Outlook**: Q1 Siding volumes down 15-20%, but full-year net sales up low single digits with 25-26% EBITDA margin.
- **Capital Flexibility**: $400M capex plan (50/50 growth/sustaining) with ability to adjust based on demand.
- **OSB Recovery**: Prices near breakeven, but EBITDA loss expected in Q1 ($25-30M) before potential stabilization.


**【CEO Summary Section】**
- **2025 Performance Overview**: Despite a challenging year with 10% decline in single-family housing starts, LP achieved 8% revenue growth in Siding, driven by 4% higher net selling prices and 4% volume growth. EBITDA margin reached 26%, up 1 percentage point year-over-year.
- **Siding Growth Drivers**: ExpertFinish volumes surged 35% in Q4, contributing to margin expansion (8-point improvement). The Shed segment saw over 20% volume growth, though Q1 2026 orders are down 25-30% due to inventory normalization.
- **Strategic Initiatives**: Integration of OSB and Siding operations improved efficiency (79% OEE in OSB, 77% in Siding). New 70M sq.ft. Green Bay facility to come online in Q2, supporting ExpertFinish expansion.
- **Market Outlook**: Expecting sequential improvement in Siding volumes post-Q1, with full-year net sales up low single digits and EBITDA margin ~25-26%.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Net sales $567M, EBITDA $50M, EPS $0.03. Siding EBITDA margin 25% (up 5pts YoY), offset by OSB EBITDA loss of $95M due to price declines.
- **Full Year 2025**: Net sales $2.7B, EBITDA $436M, EPS $2.65. Siding EBITDA $444M (+54% YoY), OSB EBITDA $7M (vs. $103M in 2024).
- **2026 Guidance**: 
  - **Q1**: Siding volumes down 15-20%, net sales -11-13%, EBITDA margin 23-25%. OSB EBITDA loss $25-30M.
  - **Full Year**: Siding net sales up low single digits, EBITDA margin 25-26%. Capital spend $400M (50/50 growth/sustaining), with flexibility to adjust based on demand.
  - **Liquidity**: $1B+ (cash $292M, revolver $750M).

**【Q&A Highlights】**
- **Shed Business**: 2025 volume growth >20%, but Q1 2026 orders down 25-30% due to inventory overhang. Expect normalization by Q2.
- **ExpertFinish Resilience**: 18% R&R growth despite housing weakness, driven by labor cost savings and durability appeal.
- **OSB Outlook**: Prices near breakeven, but sensitivity to demand. LP targeting 85%+ utilization if starts stabilize.
- **Competitive Position**: Gaining share in Siding through product innovation (e.g., SilverTech roofing) and field sales expansion.


Louisiana-Pacific Corporation (LPX) Q4 2025 Earnings Call Transcript

- **Siding Outperformance**: 5% revenue growth driven by ExpertFinish, with volumes up 17% and prices up 12% YoY. 
- **OSB Resilience**: 80% OEE in Q3, despite prices near variable cost. 
- **Strategic Shift**: Maniwaki mill conversion to Siding under evaluation, with potential to add $400 million+ in annual capacity. 
- **Financial Strength**: Full-year EBITDA revised to $425 million, up $20 million from prior guidance. 
- **Leadership Transition**: CEO William Southern to retire, with President Jason Ringblom set to lead, reinforcing long-term strategic continuity.

**【CEO Summary Section】**
- **Revenue and EBITDA Performance**: Q3 revenue was down 8% YoY, with EBITDA of $82 million, driven by soft OSB prices. Siding revenue grew 5% YoY, outperforming expectations, with ExpertFinish sales up 17% in volume and 12% in price. 
- **OSB Efficiency**: Achieved 80% Overall Equipment Effectiveness (OEE) in OSB, up 2% YoY, despite challenging market conditions. 
- **Strategic Transition**: CEO William Southern announced retirement, with President Jason Ringblom set to succeed. Emphasized confidence in LP's long-term strategy and ability to execute despite market headwinds.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income of $420 million, Non-GAAP EPS exceeded expectations. Siding EBITDA guidance reaffirmed at $430 million for the year, with Q4 revenue expected at $370 million. 
- **OSB Outlook**: Q4 OSB EBITDA guidance of $45 million reflects algorithmic projections of current prices and utilization. Full-year total company EBITDA revised to $425 million, up $20 million from prior guidance. 
- **Liquidity and Capital Allocation**: Ended Q3 with $316 million in cash and $1 billion in liquidity. CapEx guidance reduced, with deferred OSB projects and exploration of Maniwaki mill conversion to Siding. 

**【Q&A Key Highlights】**
- **Maniwaki Mill Conversion**: Evaluated as top option for future Siding capacity, leveraging existing infrastructure and fiber basket. Potential to produce $400 million+ in Siding annually. 
- **Competitive Dynamics**: Focused on innovation (e.g., ExpertFinish naturals) and channel management to maintain share gains despite market softness. 
- **2026 Pricing Strategy**: Announced 3-4% price increase for Siding, effective early 2026, with order management to minimize channel inventory buildup. 
- **OSB Market Sentiment**: Near-term outlook bleak, but long-term confidence in OSB business. Focused on cost control and network optimization. 
- **Siding Growth Drivers**: Repair/remodel segment resilient, with ExpertFinish volumes up 17% YoY. Managed order file continues due to high demand, with new capacity coming online Q1 2026.

Louisiana-Pacific Corporation (LPX) Q3 2025 Earnings Call Transcript

- **Siding Segment Dominance**: Q2 revenue up 11% YoY, driven by record volumes and 50% incremental EBITDA margin from volume growth. EBITDA margin 27%, constrained by underutilized mills.
- **OSB Challenges**: Commodity prices at 20-year lows, EBITDA $19M vs. negative $45M if prices remain flat. Full-year OSB EBITDA expected negative $25M.
- **Strategic Investments**: CapEx reduced to $350M, focusing on Siding expansion (Houlton project). Q3 Siding guidance: $430M revenue, $110M EBITDA (26% margin).
- **Operational Excellence**: OEE at 78% (Siding), 79% (OSB). Culture of safety recognized with 13th APA safety award.

**【CEO Summary Section】**
- **Siding Segment Growth**: Despite challenging market conditions, the Siding segment achieved record Q2 volumes, revenue ($755M), and EBITDA ($142M). Growth driven by SmartSide and ExpertFinish Trim & Siding, with a 11% YoY revenue increase offsetting a $102M decline from lower OSB prices.
- **Operational Efficiency**: Siding OEE reached 78%, OSB at 79%, unlocking capacity and flexibility. Culture of safety recognized with 13th APA safety award and Platinum Highway Safety Award.
- **Long-Term Outlook**: Confident in Siding's ability to outperform markets through material conversion, innovation, and customer focus. Houlton expansion project progressing despite inflationary challenges.

**【CFO Financial Commentary】**
- **Siding Financials**: Q2 revenue up 11% YoY (2% price, 8% volume), with $35M incremental revenue from volume at 50% EBITDA margin. EBITDA margin 27%, constrained by underutilized mills. Q3 guidance: $430M revenue, $110M EBITDA (26% margin).
- **OSB Challenges**: Commodity prices at multi-year lows, EBITDA $19M vs. algorithmic guidance due to cost control. Full-year OSB EBITDA expected negative $25M if prices remain flat. Current prices below breakeven.
- **Cash Flow & Capital Allocation**: Q2 operating cash flow $162M, CapEx $68M (mostly Siding), $19M dividends. Full-year CapEx reduced to $350M ($180M growth, $170M sustaining).

**【Q&A Highlights】**
- **Siding Mix Dynamics**: Strong panel (shed) volumes offset by lower ExpertFinish margins. Q3 order file stable but weaker than Q2 start. Long-term growth driven by repair/remodel and manufactured housing.
- **OSB Production Strategy**: Matching supply to demand, avoiding inventory buildup. Operating rates mid-80% in Q2, adjusted for market signals.
- **Tariffs & Lumber Prices**: Higher lumber costs could benefit engineered wood siding vs. solid sawn wood. Tariffs remain unchanged, impacting OSB pricing dynamics.
- **Houlton Expansion**: Detailed engineering ongoing, cost estimates updated for inflation. Returns remain attractive, with updates expected in next 1-2 quarters.

Louisiana-Pacific Corporation (LPX) Q2 2025 Earnings Call Transcript

- **Siding Supercharge**: 11% revenue growth, 26% EBITDA margin, record Q2 orders driven by new products like Naturals Collection.
- **Tariff Headwind**: $12M annualized potential impact, but $1B liquidity provides flexibility.
- **OSB Resilience**: Commodity price volatility expected, but Structural Solutions pipeline offers long-term upside.
- **Share Buybacks**: $61M returned to shareholders in Q1, signaling confidence in growth trajectory.
- **2025 Outlook**: Siding EBITDA up 42%, positioning LP for multi-year margin expansion.

**【CEO Opening Remarks】**
- Q1 2025 revenue: $724 million (flat YoY), driven by 11% growth in Siding offset by lower OSB prices.
- Siding EBITDA margin: 26% (Q1), with orders on track for a record Q2.
- New product launches (e.g., Naturals Collection) contributed 14% of Q1 volume, with ExpertFinish products setting records.
- Tariff impact: $2 million/Q1, potential $12 million annualized headwind if current regime persists.
- Focus on innovation, share gains, and margin expansion despite macro volatility.

**【CFO Financial Update】**
- Siding: 9% volume growth, 2% price increase, 11% revenue growth. EBITDA margin 26% (27% ex-tariffs).
- OSB: $32 million EBITDA decline due to lower commodity prices; Structural Solutions mix shift reduced EBITDA by $7 million.
- Cash flow: $74M working capital build, $64M capex, $61M share buybacks, ending cash: $256M.
- Updated 2025 guidance: Siding revenue $1.7B (YoY +34%), EBITDA $425-435M (YoY +42%).

**【Q&A Highlights】**
- **Siding Outperformance**: 2/3 of Siding not tied to new construction; R&R demand strong despite 6% drop in single-family starts.
- **Tariff Mitigation**: USMCA-compliant supply chain flexibility; $1B liquidity buffer.
- **OSB Strategy**: Long-term optimism despite near-term capacity glut; focus on Structural Solutions innovation.
- **Houlton Expansion**: Returns > cost of capital; 2026+ margin expansion expected post-capex.
- **Competitive Landscape**: Aggressive market share pursuit in new construction; no immediate impact from competitor M&A.

Louisiana-Pacific (LPX)-6 May 25-2025 Q1 Earnings call transcript

- **Siding Supercharge**: 17% YoY sales growth, 25% EBITDA margin, and $400M+ 2025 target highlight Siding's dominance.
- **OSB Resilience**: $298M 2024 EBITDA underscores operational excellence despite flat housing starts.
- **Capital Blitz**: $200M+ 2025 investments in Siding capacity to fuel 7-9% growth.
- **Risk Management**: Tariff uncertainty looms, but flexible manufacturing strategy mitigates exposure.

**【CEO Summary Section】**
- Siding sales grew 17% YoY to $1.56 billion in 2024, driven by volume expansion and price realization. EBITDA margin reached 25%, exceeding long-term targets despite a soft market.
- OSB achieved $298 million in EBITDA for the year, benefiting from operational efficiency and disciplined capacity management. Q4 EBITDA was below cycle average but 2024 full-year results were strong.
- 2025 capital allocation includes $200 million in growth investments for Siding capacity expansion, starting with Houlton Line 2 and additional prefinishing facilities.
- Siding order book for 2025 is healthy, with guidance for 7-9% revenue growth and $400+ million in EBITDA.

**【CFO Financial Commentary】**
- Q4 2024: Net sales $681 million, EBITDA $125 million, operating cash flow $105 million. Full-year operating cash flow $605 million, returning $286 million to shareholders.
- 2025 guidance: Siding revenue $1.65-1.7 billion, EBITDA $425-450 million. OSB Q1 EBITDA $35-45 million, with cycle average modeling for subsequent quarters.
- Raw material deflation and labor inflation balanced, with $20 million in incremental costs for 2025 growth initiatives.

**【Q&A Key Themes】**
- **Lennar partnership**: Volume pull-through meets expectations, with focus on contractor training and local distribution.
- **Structural Solutions**: OSB shift to higher-margin products continues, with investments in manufacturing efficiency.
- **Tariff risk**: No guidance on potential impacts, but contingency planning underway.
- **Capacity expansion**: Houlton Line 2 to add 300M sq ft capacity, with parallel projects in 2026 to maintain growth momentum.

Actual											0.34	0.43	1.56	2.01	3.01	4.74	3.87	2.24	5.08	4.19	1.72	0.61	0.34	0.55	1.62	0.71	1.53	2.09	1.22	1.03	1.27	0.99	0.36	0.03
Forecast											0.3089	0.1633	1.4489	1.7367	2.7033	4.3489	3.4188	1.9925	4.625	4.3422	1.4956	0.5361	0.0517	0.6697	1.5301	0.5433	1.1136	1.998	0.8861	0.8581	1.181	1.0346	0.382	-0.0171
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+10.07%	+163.32%	+7.67%	+15.74%	+11.35%	+8.99%	+13.20%	+12.42%	+9.84%	-3.51%	+15.00%	+13.78%	+557.64%	-17.87%	+5.88%	+30.68%	+37.39%	+4.60%	+37.68%	+20.03%	+7.54%	-4.31%	-5.76%	+275.44%

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LPX Q4 2025 Earnings

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