Company: LPX
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000060519-25-000005
Chunk: 60

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 60
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)Year Ended December 31,202420232024 - 2023OSB - Structural Solutions$650 $565 15 %OSB - Commodity514 446 15 %Other20 15 38 %Total$1,184 $1,026 

Percent changes in average net sales prices and unit shipments were as follows:

 2024 versus 2023 AverageSelling PriceUnitShipmentsOSB - Structural Solutions5 %9 %OSB - Commodity4 %11 %

For the twelve months ended December 31, 2024, the year-over-year increase in net sales of $159 million (or 15%), reflecting an increase in revenue due to 10% higher sales volumes and 4% higher OSB selling prices.

Adjusted EBITDA for the twelve months ended December 31, 2024 increased year-over-year by $78 million, reflecting the impact of higher average selling prices and volumes.

39

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  Increase (decrease)Year Ended December 31,202420232024 - 2023Net sales$190 $205 (8)%Adjusted EBITDA42 42 — %

Net sales in this segment by product were as follows: 

Dollar amounts in millions  Increase (decrease)Year Ended December 31,202420232024 - 2023OSB - Structural Solutions$163 $177 (8)%Siding Solutions21 24 (13)%Other6 4 61 %Total$190 $205 

Percent changes in average net sales prices and unit shipments for 2024 compared to 2023 were as follows:

 2024 versus 2023 AverageSelling PriceUnitShipmentsOSB(16)%9 %Siding(18)%6 %

The year-over-year net sales decrease and flat Adjusted EBITDA for the twelve months ended December 31, 2024