Louisiana-pacific Corporation · NYSE:LPX
Louisiana-pacific — Q2 2025 Earnings Presentation
15 slides from Louisiana-pacific's earnings presentation, Aug 6, 2025
Slide 1: Q2 2025 Earnings Presentation
Q2 2025 Earnings Presentation August 6, 2025
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 current
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 wit
Slide 4: Highlights
HIGHLIGHTS
Slide 5: Q2 2025 Financial Results and Other Key Points
OTHER KEY Q2 2025 FINANCIAL RESULTS POINTS Compared to Q2 2024 Siding Growth & Margin • EBITDA margin2 27% $755M $142M 11% $0.99 • 8% increase in sales volume • 2% increase in ASP Net Sales Adj. EBITDA1 Siding Adj. EPS1 (7)% $(86)M Solutions $(1.10) Capital Allocation Growth • 70M shares outstanding
Slide 6: Financial Results
FINANCIAL RESULTS
Slide 7: Siding – Q2 2025 vs. Q2 2024
SIDING – Q2 2025 VS. Q2 2024 ($ in millions) $20 $(2) $(2) $125 $17 $(4) $105 $11 Raw Materials Overall 2% Overall 8% $4M Tariffs $(3)M Freight $(3)M SG&A $(2)M Labor $(2)M 25% 27% 25%2 27%2 2024 Siding Solutions Siding Solutions Sales & Inflationary Other 2025 Adjusted EBITDA1 Price Volume Marketin
Slide 8: OSB – Q2 2025 vs. Q2 2024
OSB – Q2 2025 VS. Q2 2024 ($ in millions) $(106) $125 15 MMSF, 4% (2) MMSF Raw Materials Inventory $(102) $2M LCM $(6)M Mix 51%, (1)ppt to PY Labor $(1)M Overall (30)% 27% Commodity (33)% Structural $2 $(0) $1 $19 Solutions 25% $(7) 36%2 (27)% 8%2 2024 ASP Commodity Structural Solutions Inflationary
Slide 9: Cash Flow
CASH FLOW ($ in millions) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Beginning cash $ 256 $ 244 $ 340 $ 222 Adjusted EBITDA1 142 229 304 411 Change in Working Capital 30 39 (44) (27) Interest (net) 3 5 — 4 Cash taxes (net) (13) (59) (28) (69) Other operating — (2) (6)
Slide 10: 2025 Guidance & Sensitivities
2025 GUIDANCE & SENSITIVITIES Siding Growth and Margin 3rd Quarter Full Year Siding Revenue ~$430M (~3% growth) ~$1.7B (~9% growth) Siding Adjusted EBITDA1 ~$110M (~26% margin2) ~$430M (~25% margin2) OSB Guidance OSB Adjusted EBITDA1,3 ~$(45)M ~$(25)M Total LP Adjusted EBITDA1,3,4 ~$65M ~$405M (1) T
Slide 11: Appendix
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Slide 12: Financial Performance
FINANCIAL PERFORMANCE ($ in millions, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Sales $ 755 $ 814 $ 1,478 $ 1,539 Cost of sales (577) (551) (1,103) (1,062) Gross profit 178 263 375 477 Selling, general, and administrative expenses (79) (71) (
Slide 13: 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, 2025 2024 2025 2024 Net income $ 54 $ 160 $ 145 $ 267 Add (deduct): Provision for income taxes 19 53 45 94 Depreciation and amortization 36 31 70 62 Stock-based compensation
Slide 14: 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, 2025 2024 2025 2024 Net income per share — diluted $ 0.77 $ 2.23 $ 2.07 $ 3.71 Net income $ 54 $ 160 $ 145 $ 267 Add (deduct
Slide 15: Revenue and Adjusted EBITDA by Segment
REVENUE AND ADJUSTED EBITDA BY SEGMENT ($ in millions) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Net Sales by Business Segment Siding $ 460 $ 415 $ 862 $ 776 OSB 250 351 517 664 LPSA 43 46 95 93 Other 2 2 4 5 Total Sales $ 755 $ 814 $ 1,478 $ 1,539 Adjusted EBITDA Sid