Louisiana-pacific Corporation · NYSE:LPX
Louisiana-pacific — Q2 2026 Earnings Presentation
16 slides from Louisiana-pacific's earnings presentation, Aug 5, 2026
Slide 1: Q2 2026 Earnings Presentation
Q2 2026 Earnings Presentation August 5, 2026
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation contains statements concerning Louisiana-Pacific Corporation's (LP) future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon the beliefs
Slide 3: Statement Relating to the Use of Non-GAAP Financial Measures
STATEMENT RELATING TO THE USE OF NON-GAAP FINANCIAL MEASURES During the course of this presentation, certain non-GAAP financial measures will be presented. Non-GAAP financial measures should be considered only as a supplement to, and not as superior to, financial measures prepared in accordance with
Slide 4: Highlights
HIGHLIGHTS
Slide 5: Q2 2026 Financial Results
Q2 2026 FINANCIAL RESULTS Q2 2026 Highlights Compared to Q2 2025 $664M $79M (4)% $0.40 Siding Growth & Margin • Broke ground on new prefinishing facility in North Branch, MN • 26% EBITDA margin2 Net Sales Adj. EBITDA1 Siding Sales Adj. EPS1 $(90)M $(63)M Growth $(0.67) Operational Excellence • Sidin
Slide 6: LP SmartSide Trim & Siding Long-Term Growth & Share Gains
LP® SmartSide® Trim & Siding Long-Term Growth & Share Gains The chart shows normalized growth of SmartSide sales revenue and volume compared to single-family housing starts SmartSide Sales Revenue on a trailing 12-month basis with 2011 as the common basis for growth comparisons. SmartSide Sales Volu
Slide 7: Financial Results
FINANCIAL RESULTS
Slide 8: Siding – Q2 2026 vs. Q2 2025
SIDING – Q2 2026 VS. Q2 2025 ($ in millions) $(12) $27 $(24) $125 $(1) $(10) $(4) $113 Overall 7% Overall (11)% Marketing Raw Materials Inventory & $(1)M $(4)M Other $(4)M Primed 7% Primed (12)% ExpertFinish 7% SG&A $1M ExpertFinish 1% Freight $(4)M Labor $(2)M 25% 27% 27%2 26%2 2025 Price Volume Sa
Slide 9: OSB – Q2 2026 vs. Q2 2025
OSB – Q2 2026 VS. Q2 2025 ($ in millions) $(40) $19 8%2 $(35) Overall Raw Materials Inventory & (113) MMSF; $(1)M Other $9M (13)% Overall (18)% Labor $(1)M Mix 45%, Commodity (7)ppts (21)% 25% Structural 27% (12)%2 Solutions (13)% $(11) $(21) $9 $(2) 2025 Adjusted EBITDA1 Price Volume Inflationary O
Slide 10: Cash Flow
CASH FLOW ($ in millions) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Beginning cash $ 164 $ 256 $ 292 $ 340 Adjusted EBITDA1 79 142 161 304 Change in Working Capital 53 30 (43) (44) Interest (net) 5 3 1 — Cash taxes (net) 2 (13) (9) (28) Other operating — — (8) (6) Ope
Slide 11: 2026 Guidance & Sensitivities
2026 GUIDANCE & SENSITIVITIES Siding Growth and Margin Third Quarter Full Year Siding Revenue $460M - $470M (~5% growth) $1.65B - $1.67B (~1% decline) Siding Adjusted EBITDA1 $110M - $120M (~25% margin1,2) $410M - $425M (25-26% margin1,2) OSB Guidance OSB Adjusted EBITDA1,3 $(45)M $(120)M Total LP A
Slide 12: Appendix
APPENDIX
Slide 13: Financial Performance
FINANCIAL PERFORMANCE ($ in millions, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Sales $ 664 $ 755 $ 1,239 $ 1,478 Cost of sales (549) (577) (1,008) (1,103) Gross profit 116 178 231 375 Selling, general, and administrative expenses (80) (79) (
Slide 14: Reconciliation of Net Income to Non-GAAP Adjusted EBITDA
RECONCILIATION OF NET INCOME TO NON-GAAP ADJUSTED EBITDA ($ in millions) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net income $ 26 $ 54 $ 53 $ 145 Add (deduct): Provision for income taxes 8 19 17 45 Depreciation and amortization 39 36 77 70 Stock-based compensation ex
Slide 15: Reconciliation of Net Income to Non-GAAP Adjusted Income & Adjusted Diluted EPS
RECONCILIATION OF NET INCOME TO NON-GAAP ADJUSTED INCOME & ADJUSTED DILUTED EPS ($ in millions, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Net income per share — diluted $ 0.38 $ 0.77 $ 0.76 $ 2.07 Net income $ 26 $ 54 $ 53 $ 145 Add (deduct):
Slide 16: Revenue & Adjusted EBITDA
REVENUE & ADJUSTED EBITDA ($ in millions) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 NET SALES Siding $ 441 $ 460 $ 801 $ 862 OSB 182 250 350 517 Other 41 45 87 99 Total Sales $ 664 $ 755 $ 1,239 $ 1,478 ADJUSTED EBITDA Siding $ 113 $ 125 $ 214 $ 230 OSB (21) 19 (33) 7