Company: LPX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0000060519-25-000035
Chunk: 19

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 2
Chunk 19
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 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):

                       Three Months Ended September 30,                                       Nine Months Ended September 30,                          
                       2025                                           2024      % Change      2025                                 2024      % Change  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net sales            $                                     443      $         5             $                                    $         9         
  Adjusted EBITDA      117                                            123       (4)           348                                  318       9         

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                                        
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Siding Solutions      $                                     440      $         418             5      $                                    1,298  
  Other                 2                                              3                      (11)      7                                           
  Total                 $                                     443      $         420             5      $                                    1,305  

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  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Siding Solutions      5                                   —              3                                   6          

For the three and nine months ended September 30, 2025, Siding net sales increased year over year by $22 million and $108 million, respectively, reflecting higher selling