Louisiana-pacific Corporation · NYSE:LPX
Louisiana-pacific — Q3 2025 Earnings Presentation
15 slides from Louisiana-pacific's earnings presentation, Nov 5, 2025
Slide 1: Q3 2025 Earnings Presentation
Q3 2025 Earnings Presentation November 5, 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 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 wit
Slide 4: Highlights
HIGHLIGHTS
Slide 5: Q3 2025 Financial Results and Other Key Points
OTHER KEY Q3 2025 FINANCIAL RESULTS POINTS Compared to Q3 2024 Siding Growth & Margin • EBITDA margin2 26% $663M $82M 5% $0.36 • 5% increase in ASP Net Sales Adj. EBITDA1 Siding Adj. EPS1 Capital Allocation (8)% $(71)M Sales $(0.86) • 70M shares outstanding as of September 30, 2025 • $1.1B in total
Slide 6: Financial Results
FINANCIAL RESULTS
Slide 7: Siding – Q3 2025 vs. Q3 2024
SIDING – Q3 2025 VS. Q3 2024 ($ in millions) $(6) $1 $(5) $1 $18 $123 $(20) $117 Overall 5% Overall flat Raw Materials Mill Overhead/ $5M Inventory $(13)M Primed 3% Primed (1)% ExpertFinish 12% ExpertFinish SG&A $(3)M Freight $(1)M 17% Tariffs $(2)M 25% Labor $(2)M OEE 77% Other $(2)M 25% Flat to PY
Slide 8: OSB – Q3 2025 vs. Q3 2024
OSB – Q3 2025 VS. Q3 2024 ($ in millions) $(60) $33 Overall Overall (22) MMSF Raw Materials $3M Inventory/Other (55) MMSF, (13)% $(11)M Labor $(1)M Mix 50%, Mill Overhead $7M OEE 80%, 2ppts 2ppt to PY Intersegment Transfer $4M 13%2 $(55) Overall (24)% Commodity (31)% Structural Solutions (20)% (15)%
Slide 9: Cash Flow
CASH FLOW ($ in millions) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Beginning cash $ 333 $ 317 $ 340 $ 222 Adjusted EBITDA1 82 153 386 564 Change in Working Capital 7 44 (38) 17 Interest (net) (2) (1) (2) 3 Cash taxes (net) (3) (11) (31) (80) Other operatin
Slide 10: 2025 Guidance & Sensitivities
2025 GUIDANCE & SENSITIVITIES Siding Growth and Margin Fourth Quarter Full Year Siding Revenue ~$370M (~3% growth) ~$1.68B (~8% growth) Siding Adjusted EBITDA1 ~$82M (~22% margin1,2) ~$430M (~26% margin1,2) OSB Guidance OSB Adjusted EBITDA1,3 ~$(45)M ~$0M Total LP Adjusted EBITDA1,3,4 ~$32M ~$420M (
Slide 11: Appendix
APPENDIX
Slide 12: Financial Performance
FINANCIAL PERFORMANCE ($ in millions, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Sales $ 663 $ 722 $ 2,141 $ 2,261 Cost of sales (534) (530) (1,637) (1,591) Gross profit 129 193 504 669 Selling, general, and administrative expenses
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 September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Net income $ 9 $ 90 $ 154 $ 358 Add (deduct): Provision for income taxes 9 23 54 117 Depreciation and amortization 36 31 106 93 Stock-based co
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 September 30, Nine Months Ended September 30, 2025 2024 2025 2024 Net income per share — diluted $ 0.13 $ 1.28 $ 2.20 $ 5.00 Net income $ 9 $ 90 $ 154 $ 358 Ad
Slide 15: Revenue and Adjusted EBITDA by Segment
REVENUE AND ADJUSTED EBITDA BY SEGMENT ($ in millions) Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 NET SALES BY BUSINESS SEGMENT Siding $ 443 $ 420 $ 1,305 $ 1,196 OSB 179 253 696 917 LPSA 39 47 134 140 Other 2 2 6 7 Total Sales $ 663 $ 722 $ 2,141 $ 2,261 Ad