Company: LPX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000060519-25-000005
Chunk: 58

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 58
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 42 77 Other(8)(17)(23)General corporate and other expenses, net(34)(36)(38)Total Adjusted EBITDA$688 $478 $1,389 

37

The following table provides the reconciliation of net income to Adjusted income (dollar amounts in millions, except earnings per share):Year ended December 31,202420232022Net income attributed to LP from continuing operations per share - diluted$5.89 $2.46 $11.34 Net income$420 $178 $1,083 Add (deduct):Net loss attributed to non-controlling interest— — 3 Income from discontinued operations, net of income taxes— — (198)Income attributed to LP from continuing operations 420 178 888 Loss on impairment attributed to LP5 6 1 Other operating credits and charges, net8 18 (16)Business exit credits and charges(14)32 — Pension settlement charges— 4 82 Reported tax provision140 74 274 Adjusted income before tax559 311 1,229 Normalized tax provision at 25%(140)(78)(307)Adjusted income$419 $233 $921 Diluted shares outstanding71 72 78 Adjusted Diluted EPS$5.88 $3.22 $11.77 

OUR OPERATING RESULTS

Our results of operations for each of our segments are discussed below, as are results of operations for the “other” category, which comprises other products that are not individually significant. See "Note 18 - Segment Information" of the Notes to the Consolidated Financial Statements included in Item 8 of this annual report on Form 10-K for further information regarding our segments.

Siding

The Siding segment serves diverse end markets with a broad product portfolio of engineered wood siding, trim, soffit, and fascia, including LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions® (collectively referred to as Siding Solutions).

Segment net sales and Adjusted EBITDA for this segment were as follows:

Dollar amounts in millions  Increase (decrease)Year Ended December 31,202420232024 - 2023Net sales$1,558 $1,328 17 %