Company: LPX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000060519-25-000015
Chunk: 20

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 20
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2024              % Change  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
  OSB - Structural Solutions      $                                 44      $         38            16  
  Siding                          7                                         7                        4  
  Other                           —                                         2                     (73)  
  Total                           $                                 52      $         47            11  

Percent changes in average net sales price 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      (1)                             17         
  Siding                          6                               (2)        

The year-over-year net sales and Adjusted EBITDA increases for the three months ended March 31, 2025 reflect higher sales volumes offset by unfavorable currency fluctuations.

Other

Our other products segment includes other minor products, services, and closed operations, which do not qualify as discontinued operations. Additionally, this segment includes corporate expenses that are not allocated, such as general administrative costs and stock-based compensation. During 2024, the equity method investment held by Entekra Holdings LLC, our off-site framing operation, sold substantially all of its net assets. Other net sales were $2 million for the three months ended March 31, 2025, as compared to $3 million for the corresponding period in 2024. Adjusted EBITDA was $(10) million for the three months ended March 31, 2025, as compared to $(8) million for the corresponding period in 2024.

Selling, General, and Administrative Expenses

Selling, general, and administrative expenses were $75 million for the three months ended March 31, 2025, compared to $69 million for the corresponding period in 2024. The year-over-year increase in selling, general, and administrative expenses was driven by higher employee compensation and marketing expenses.

Income Taxes

We recognized an estimated tax provision of $26 million in the three months ended March 31, 2025, as compared to $41 million for the corresponding period in 2024. Each quarter the income tax accrual is adjusted to the latest estimate and the difference from the previously accrued year-to-date balance is recorded in the current