Company: LPX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000060519-25-000035
Chunk: 17

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 17
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 housing start data may not be comparable to similarly titled performance indicators reported by other companies.

The following table sets forth housing starts for the three and nine months ended September 30, 2025 and 2024 (in thousands):

                         Three Months Ended September 30,                Nine Months Ended September 30,            
                                                     2025      2024                                 2025      2024  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Housing starts 1:                                                                                                 
  Single-Family                                       249       260                                  742       782  
  Multi-Family                                        116        93                                  315       263  
                                                      365       353                                                 

1 Actual U. S. housing starts data, in thousands, reported by the U. S. Census Bureau as published through September 17, 2025. September 2025 housing starts have not yet been published by the U. S. Census Bureau, and therefore, we have calculated September housing starts as the average of July and August 2025 actual housing starts.

We monitor sales volumes for our products in our Siding, OSB, and LPSA segments, which we define as the amount of our products sold within the applicable period measured in million square feet (MMSF) on a standard 3/8" thickness basis. Evaluating sales volume by product type helps us identify and address changes in product demand, broad market factors that may affect our performance, and opportunities for future growth. It should be noted that other companies may present sales volume data differently, and therefore, as presented by us, sales volume data may not be comparable to similarly titled measures reported by other companies. We believe that sales volumes can be a useful measure for evaluating and understanding our business.

The following table sets forth sales volumes for the three and nine months ended September 30, 2025 and 2024 (in MMSF):

                                  Three Months Ended September 30, 2025                                    Three Months Ended September 30, 2024                       
  Sales Volume                    Siding                                     OSB      LPSA      Total      Siding                                     LPSA      Total  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Siding Solutions                461                                        —        35        496        460                                        11        470    
  OSB - Structural Solutions      —                                          379      121