Company: LPX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000060519-25-000015
Chunk: 0

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
FINANCIAL STATEMENTS

Condensed Consolidated Statements of Income

Amounts in millions, except per share amounts

(Unaudited)

                                                                            Three Months Ended March 31,                                  
                                                                                                    2025                  2024            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net sales                                                                                            $       724           $       724  
  Cost of sales                                                                                   ( 526)                ( 511)            
  Gross profit                                                                                       197                   214            
  Selling, general, and administrative expenses                                                    ( 75)                 ( 69)            
  Other operating credits and charges, net                                                          ( 2)                     1            
  Income from operations                                                                             120                   145            
  Interest expense                                                                                  ( 3)                  ( 4)            
  Investment income                                                                                    4                     6            
  Other non-operating income (expense)                                                              ( 5)                     1            
  Income before income taxes                                                                         116                   148            
  Provision for income taxes                                                                       ( 26)                 ( 41)            
  Equity in unconsolidated affiliate                                                                   —                     1            
  Net income                                                                                           $        91           $       108  
  Net income per share of common stock:                                                                                                   
  Basic                                                                                                $      1.30           $      1.49  
  Diluted                                                                                              $      1.30           $      1.48  
  Average shares of common stock used to compute net income per share:                                                                    
  Basic                                                                                               70                    72            
  Diluted                                                                                             70                    72            

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

Condensed Consolidated Statements of Comprehensive Income

Amounts in millions

(Unaudited)

                                                     Three Months Ended March 31,                               
                                                     2025                                       2024            
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net income                                         $                                  91      $          108  
  Other comprehensive income (loss), net of tax                                                                 
  Foreign currency translation adjustments           12                                         ( 15)           
  Comprehensive income                               $                                 103      $           93  

The accompanying Notes are an integral part of these unaudited Condensed Consolidated Financial Statements.

Condensed Consolidated Balance Sheets

Amounts in millions, except per share amounts

(Unaudited)

                                                                                                                                                                                                            March