Company: LPX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000060519-25-000005
Chunk: 57

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 57
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 continuing operations (Adjusted Diluted EPS), which is calculated as Adjusted Income divided by diluted shares outstanding. We believe that Adjusted Diluted EPS and Adjusted Income are useful measures for evaluating our ability to generate earnings and that providing these measures should allow interested persons to more readily compare the earnings for past and future periods. Reconciliations of Adjusted EBITDA, Adjusted Income and Adjusted Diluted EPS to their most directly comparable U.S. GAAP financial measures, net income, income attributed to LP and income attributed to LP per diluted share, respectively, are presented below.

Adjusted EBITDA, Adjusted Income, and Adjusted Diluted EPS are not substitutes for the U.S. GAAP measures of net income, income attributed to LP from continuing operations, and income attributed to LP from continuing operations per diluted share, or for any other U.S. GAAP measures of operating performance. It should be noted that other companies may present similarly titled measures differently, and therefore, as presented by us, these measures may not be comparable to similarly titled measures reported by other companies. Adjusted EBITDA, Adjusted Income, and Adjusted Diluted EPS have material limitations as performance measures because they exclude items that are actually incurred or experienced in connection with the operation of our business.

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The following table presents significant items by operating segment and reconciles net income to Adjusted EBITDA (dollar amounts in millions):Year ended December 31,202420232022Net income$420 $178 $1,083 Add (deduct):Net loss attributed to non-controlling interest— — 3 Income from discontinued operations, net of income taxes— — (198)Income attributed to LP from continuing operations$420 $178 $888 Provision for income taxes140 74 274 Depreciation and amortization126 119 129 Stock-based compensation expense20 13 19 Loss on impairment attributed to LP5 6 1 Other operating credits and charges, net8 18 (16)Business exit credits and charges(14)32 — Pension settlement charges— 4 82 Interest expense14 14 11 Investment income(22)(18)(14)Other non-operating items(9)39 15 Adjusted EBITDA$688 $478 $1,389 Siding390 269 339 OSB298 220 1,034 LPSA42