Company: LPX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000060519-25-000015
Chunk: 18

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 2
Chunk 18
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 % Change  
 ───────────────────────────────────────────────────────────────────────────────────────────────
  Net sales            $                                 402      $         361      11        
  Adjusted EBITDA      106                                        90                 17        

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

                        Three Months Ended March 31,                                            
                        2025                                       2024               % Change  
 ────────────────────────────────────────────────────────────────────────────────────────────────
  Siding Solutions      $                                 400      $         359            11  
  Other                 3                                          2                        43  
  Total                 $                                 402      $         361            11  

Percent changes in average net sales prices and unit shipments for the three months ended March 31, 2025, compared to the corresponding period in 2024, were as follows:

                        Three Months Ended                         
                        March 31, 2025 versus 2024                 
 ───────────────────────────────────────────────────────────────────
                        Average Net                     Unit       
  Siding Solutions      2                               9          

Strong order files and price realization resulted in higher net sales versus prior year. ExpertFinish products accounted for 10% of volume and 15% of net sales in the three months ended March 31, 2025, contributing to this favorable mix. The increase in Adjusted EBITDA of $16 million reflects the impacts of the net sales increase offset by investments in sales and marketing and $2 million of tariff impact.

OSB

The OSB segment manufactures and distributes OSB structural panel products, including the innovative value-added OSB product portfolio known as LP®Structural Solutions (which includes LP® TechShield®Radiant Barrier, LP WeatherLogic®Air & Water Barrier, LP Legacy®Premium Sub-Flooring, LP NovaCore®Thermal Insulated Sheathing, LP® FlameBlock®Fire-Rated Sheathing, and LP® TopNotch®350 Durable Sub-Flooring).

Segment net sales and Adjusted EBITDA for this segment were as follows(dollar amounts in millions):

                       Three Months Ended March 31,                                            
                       2025                                       2024               % Change  
 ───────────────────────────────────────────────────────────────────────────────────────────────
  Net sales            $                                 267      $         313      (15)      
  Adjusted EBITDA      54                                         90