Company: LPX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000060519-25-000035
Chunk: 20

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 20
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 prices. The nine-month increase also included a benefit from higher sales volume. Within the Siding segment, ExpertFinish® net sales increased by 31% and 24% for the three and nine months ended September 30, 2025, respectively, compared to the prior-year periods.

Adjusted EBITDA for the Siding segment decreased year over year by $6 million for the three months ended September 30, 2025, with improved pricing of $18 million more than offset by $13 million mill overhead and inventory absorption, $5 million of strategic investments in sales and marketing, $3 million of SG& A, and $2 million of tariff expenses. Adjusted EBITDA increased $30 million for the nine months ended September 30, 2025, compared to the prior-year period. This growth was driven by higher sales volume and higher selling prices of $70 million, partially offset by strategic investments in sales and marketing of $12 million, $13 million of mill overhead and inventory absorption, $7 million of tariff expenses, and $5 million of SG& A.

OSB

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 Sheathing, LP WeatherLogic®Air & Water Barrier, LP Legacy®Premium Sub-Flooring, LP® FlameBlock®Fire-Rated Sheathing, and LP® TopNotch®350 Durable Sub-Flooring) and LP® Oriented Strand Board.

Segment net sales and Adjusted EBITDA for this segment were as follows(dollar amounts in millions):

                       Three Months Ended September 30,                                       Nine Months Ended September 30,                          
                       2025                                           2024      % Change      2025                                 2024      % Change  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net sales            $                                     179      $         (29)          $                                    $         (24)      
  Adjusted EBITDA      (27)                                           33        (182)         46                                   249       (82)      

Net sales in this segment by product line were as follows(dollar amounts in millions):

                                  Three Months Ended September 30,                                       Nine Months Ended September 30,                          
                                  2025                                           2024      % Change      2025                                 2024      % Change