Company: LPX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000060519-25-000015
Chunk: 16

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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 to similarly titled performance indicators used by other companies.

We monitor housing starts, which is a leading external indicator of residential construction in the United States that correlates with the demand for many of our products. We believe that this is a useful measure for evaluating our results and that providing this measure should allow interested persons to more readily compare our sales volume for past and future periods to an external indicator of product demand. Other companies may present housing start data differently, and therefore, as presented by us, our housing start data may not be comparable to similarly titled performance indicators reported by other companies.

The following table sets forth housing starts for the three months ended March 31, 2025 and 2024 (in thousands):

                         Three Months Ended March 31,            
                                                 2025      2024  
 ─────────────────────────────────────────────────────────────────
  Housing starts 1:                                              
  Single-Family                                   228       241  
  Multi-Family                                     89        80  
                                                  317       321  

1 Actual U. S. housing starts data, in thousands, reported by the U. S. Census Bureau as published through April 17, 2025.

We monitor sales volumes for our products in our Siding, OSB, and LPSA segments, which we define as the amount of our products sold within the applicable period measured in million square feet (MMSF) on a standard 3/8" thickness basis. Evaluating sales volume by product type helps us identify and address changes in product demand, broad market factors that may affect our performance, and opportunities for future growth. It should be noted that other companies may present sales volume data differently, and therefore, as presented by us, sales volume data may not be comparable to similarly titled measures reported by other companies. We believe that sales volumes can be a useful measure for evaluating and understanding our business.

The following table sets forth sales volumes for the three months ended March 31, 2025 and 2024:

                                         Three Months Ended March 31, 2025                                    Three Months Ended March 31, 2024                      
  Sales Volume                           Siding                                 OSB      LPSA      Total      Siding                                 OSB      Total  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Siding Solutions (MMSF)                434                                    —        11          445      399                                    —          411  
  OSB -