Company: LPX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000060519-25-000015
Chunk: 26

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 26
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 also materially adversely affect our business, financial condition, operating results, or cash flows.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

In May 2024, our Board of Directors authorized a share repurchase program under which LP was authorized to repurchase up to $250 million (the 2024 Share Repurchase Program) of its outstanding common stock. During the quarter ended March 31, 2025, we repurchased 563,158 shares of our common stock at an average price of $108.55 per share through market purchases pursuant to the 2024 Share Repurchase Program. At March 31, 2025, we had an aggregate of $177 million of repurchase authorization remaining under the 2024 Share Repurchase Program. LP may initiate, discontinue, or resume purchases of its common stock under the 2024 Share Repurchase Program in the open market, in block, and in privately negotiated transactions, including under Rule 10b5-1 plans, at times and in such amounts as management deems appropriate without prior notice, subject to market and business conditions, regulatory requirements, and other factors.

The following amount of our common stock was repurchased under this authorization during the quarter ended March 31, 2025:

  Period                                           Average Price Paid Per Share                   Approximate Dollar Value of Shares Available for Repurchase Under the Plans of Programs           
                                                                                                  (in millions)                                                                                     
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  January 1 - January 31, 2025        305,923                           $111.43      305,923      $                                                                                            204  
  February 1 - February 28, 2025      147,401                           $115.60      147,401      $                                                                                            187  
  March 1 - March 31, 2025            109,834                            $91.05      109,834      $                                                                                            177  
  Total for First Quarter 2025        563,158                           $108.55      563,158                                                                                                        

1 On May 7, 2024, LP’s Board of Directors authorized the 2024 Share Repurchase Program under which LP may repurchase shares of its common stock totaling up to $250 million. As of March 31, 2025, LP had an aggregate of