Company: LPX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000060519-25-000035
Chunk: 4

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 and share amounts in millions, except per share amounts):

                                                          Three Months Ended September 30,                          Nine Months Ended September 30,                                
                                                          2025                                  2024                2025                                           2024            
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net Income                                              $                                     $           90      $                                     154      $          358  
  Weighted average common shares outstanding - basic      70                                    70                  70                                             71              
  Dilutive effect of employee stock plans                 —                                     —                   —                                              —               
  Shares used for diluted earnings per share              70                                    71                  70                                             72              
  Net income per share of common stock:                                                                                                                                            
  Basic                                                   $                                     $         1.28      $                                    2.20      $         5.01  
  Diluted                                                 $                                     $         1.28      $                                    2.20      $         5.00  

NOTE 4. SUPPLEMENTAL BALANCE SHEET INFORMATION

Receivables

Trade receivables are primarily generated by sales of our products to our wholesale and retail customers. Receivables consisted of the following (dollar amounts in millions):

                                       September 30, 2025               December 31, 2024           
 ────────────────────────────────────────────────────────────────────────────────────────────────────
  Trade receivables                    $                       131      $                      100  
  Income tax receivable                9                                12                          
  Other receivables                    19                               21                          
  Allowance for doubtful accounts      ( 1)                             ( 1)                        
  Total Receivables                    $                       158      $                      131  

Other receivables as of September 30, 2025, and December 31, 2024, primarily consisted of sales tax receivables, vendor rebates, and other miscellaneous receivables.

Inventories

Inventories are valued at the lower of cost or net realizable value. Inventory cost includes materials, labor, and operating overhead. The first-in, first-out or average cost methods are used to value our inventories as of September 30, 2025. Inventory consisted of the following (dollar amounts in millions):

                                 September 30, 2025               December 31, 2024           
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