Company: LPX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000060519-25-000005
Chunk: 59

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 59
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Adjusted EBITDA390 269 45 %

Net sales in this segment by product line were as follows:

Dollar amounts in millions  Increase (decrease)Year Ended December 31,202420232024 - 2023Siding Solutions$1,549 $1,319 17 %Other9 9 (1)%Total$1,558 $1,328 

38

Percent changes in average net sales price and unit shipments were as follows:

 2024 versus 2023 AverageSelling PriceUnitShipmentsSiding Solutions6 %11 %

The year-over-year net sales increase for the Siding segment for the twelve months ended December 31, 2024 reflects increased sales volumes and higher average selling prices. Approximately half of the 6% price improvement was the result of annual list price increases, and half due to favorable mix. ExpertFinish accounted for 9% of volume and 13% of sales in the twelve months ended December 31, 2024, respectively, contributing significantly to this favorable mix.

For the twelve months ended December 31, 2024, the full year increase in Adjusted EBITDA of $121 million, primarily reflects the impact of the net sales increase, partially offset by ongoing investments in sales and marketing and maintenance costs.

OSB

The OSB segment manufactures and distributes OSB structural panel products, including the innovative value-added OSB product portfolio known as LP® Structural Solutions (which includes LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP NovaCore® Thermal Insulated Sheathing, LP® FlameBlock® Fire-Rated Sheathing, and LP® TopNotch® 350 Durable Sub-Flooring). Significant cost inputs to produce OSB (including approximate breakdown percentages for 2024) were as follows: wood fiber (27%), resin and wax (21%), labor and burden (18%), utilities (5%), and other manufacturing costs (29%).

Segment net sales and Adjusted EBITDA for this segment were as follows:

Dollar amounts in millions  Increase (decrease)Year Ended December 31,202420232024 - 2023Net sales$1,184 $1,026 15 %Adjusted EBITDA298 220 35 %

Net sales in this segment by product line were as follows:

Dollar amounts in millions  Increase (decrease