Company: LPX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000060519-25-000035
Chunk: 21

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 21
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 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  OSB - Structural Solutions      $                                     105      $             (23)      $                                    $             (23)  
  OSB - commodity                 71                                             112           (37)      295                                  395           (25)  
  Other                           3                                              5             (36)      11                                   15            (27)  
  Total                           $                                     179      $             (29)      $                                    $             (24)  

Percent changes in average net sales prices and unit shipments for the three and nine months ended September 30, 2025, compared to the corresponding periods in 2024, were as follows:

                                  Three Months Ended                                 Nine Months Ended                              
                                  September 30, 2025 versus 2024                     September 30, 2025 versus 2024                 
                                  Average Net                         Unit           Average Net                         Unit       
                                  Selling Price                       Shipments      Selling Price                       Shipments  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  OSB - Structural Solutions      (18)                                (6)            (19)                                (5)        
  OSB - commodity                 (28)                                (13)           (24)                                (2)        

For the three and nine months ended September 30, 2025, OSB net sales decreased year over year by $74 million and $221 million, respectively. These decreases were primarily driven by lower OSB prices and a decline in sales volume.

Adjusted EBITDA for the OSB segment for the same periods decreased year over year by $60 million and $203 million, respectively, also reflecting the impact of lower OSB prices and a decline in sales volume.

LPSA

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.

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