Company: LPX
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038227
Chunk: 19

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 19
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 Ended June 30,                                       Six Months Ended June 30,                          
                       2025                                      2024      % Change      2025                           2024      % Change  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net sales            $                                460      $         11            $                              $         11        
  Adjusted EBITDA      125                                       105       19            230                            195       18        

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

                        Three Months Ended June 30,                                                Six Months Ended June 30,                
                        2025                                      2024               % Change      2025                           % Change  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Siding Solutions      $                                458      $         413            11      $                                    11  
  Other                 2                                         2                         2      5                                    21  
  Total                 $                                460      $         415            11      $                                    11  

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

                        Three Months Ended                            Six Months Ended                          
                        June 30, 2025 versus 2024                     June 30, 2025 versus 2024                 
                        Average Net                    Unit           Average Net                    Unit       
                        Selling Price                  Shipments      Selling Price                  Shipments  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Siding Solutions      2                              8              2                              9          

For the three and six months ended June 30, 2025, Siding net sales increased year-over-year by $45 million and $86 million, respectively, reflecting higher sales volumes and higher selling prices. ExpertFinish net sales increased by 17% and 20% for the three and six months ended June 30, 2025, respectively, compared to the prior-year periods.

Adjusted EBITDA for the Siding segment increased by $20 million and $36 million for the three and six months ended June 30, 2025, respectively, compared to the prior-year periods. This growth was driven by higher sales volume and strong pricing, partially offset