Company: LPX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000060519-25-000015
Chunk: 19

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 19
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Net sales in this segment by product line were as follows(dollar amounts in millions):

                                  Three Months Ended March 31,                                            
                                  2025                                       2024               % Change  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────
  OSB - Structural Solutions      $                                 143      $         174          (18)  
  OSB - commodity                 120                                        134                    (11)  
  Other                           5                                          5                       (9)  
  Total                           $                                 267      $         313          (15)  

Percent changes in average net sales prices and unit shipments for the three months ended March 31, 2025, compared to the corresponding period in 2024, were as follows:

                                  Three Months Ended                         
                                  March 31, 2025 versus 2024                 
 ─────────────────────────────────────────────────────────────────────────────
                                  Average Net                     Unit       
  OSB - Structural Solutions      (9)                             (10)       
  OSB - commodity                 (13)                            3          

First quarter 2025 net sales for the OSB segment decreased year-over-year by $46 million (or 15%), reflecting a $32 million decrease from lower OSB selling prices and a $13 million decrease in sales volumes.

Adjusted EBITDA for the three months ended March 31, 2025 decreased year-over-year by $36 million, primarily reflecting the impact of lower OSB prices and volumes.

LPSA

The LPSA segment manufactures and distributes OSB structural panel and Siding Solutions products in South America and certain export markets. This segment also sells and distributes a variety of companion products to support the region’s transition to wood frame construction. The LPSA segment carries out manufacturing operations in Chile and Brazil and operates sales offices in Argentina, Brazil, Chile, Colombia, Mexico, Paraguay, and Peru.

Segment net sales and Adjusted EBITDA for this segment were as follows(dollar amounts in millions):

                       Three Months Ended March 31,                          
                       2025                              2024      % Change  
 ─────────────────────────────────────────────────────────────────────────────
  Net sales            $                                 $         11        
  Adjusted EBITDA      12                                10        22        

Net sales in this segment by product were as follows(dollar amounts in millions):

                                  Three Months Ended March 31,                                          
                                  2025