Company: LPX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000060519-25-000015
Chunk: 11

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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Trim & Siding, LP BuilderSeries®Lap Siding, and LP® Outdoor Building Solutions®(collectively referred to as Siding Solutions).

• 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).

• 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.

We evaluate the performance of our business segments based on net sales and segment Adjusted EBITDA. Accordingly, our chief operating decision maker, the chief executive officer, evaluates performance and allocates resources based primarily on net sales and segment Adjusted EBITDA for our business segments. Segment Adjusted EBITDA is defined as income attributed to LP excluding interest expense, provision for income taxes, depreciation and amortization, stock-based compensation expense, loss on impairment attributed to LP, business exit credits and charges, product-line discontinuance charges, other operating credits and charges, net, loss on early debt extinguishment, investment income, pension settlement charges, other non-operating items, income from discontinued operations, net of income taxes, and net income attributed to noncontrolling interest.

Information about our business segments is as follows (dollar amounts in millions):

                                                     Three Months Ended March 31, 2025                                                                                  
                                                     Siding                                 OSB         LPSA       Segment Total               Other      Consolidated  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net sales                                          $                                      $           $          $                  722      $          $             
  Cost of sales                                      ( 276)                                 ( 211)      ( 37)      ( 524)                      ( 3)       ( 526)        
  Selling, general, and administrative expenses      ( 42)                                  ( 16)