Louisiana-pacific Corporation · NYSE:LPX
Louisiana-pacific — Q1 2025 Earnings Presentation
16 slides from Louisiana-pacific's earnings presentation, May 6, 2025
Slide 1: Q1 2025 Earnings Presentation
Q1 2025 Earnings Presentation May 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: Q1 2025 Financial Results
OTHER KEY Q1 2025 FINANCIAL RESULTS Compared to Q1 2024 POINTS Siding Growth & $724M $162M 11% $1.27 Margin Expansion • 9% increase in sales volume Net Sales Adj. EBITDA1 Siding Adj. EPS1 • 2% increase in ASP Flat to PY $(20)M Solutions $(0.26) • EBITDA Margin2 26% Growth Capital Allocation • $20M d
Slide 6: Tariff Update
TARIFF UPDATE • $(2)M EBITDA impact in Q1-25 for Siding • OSB and Siding manufactured in Canada and sold in the US are USMCA compliant • Minor impacts from imported raw materials • Outlook reflects current tariff conditions PAGE 6
Slide 7: Financial Results
FINANCIAL RESULTS Pry |
Slide 8: Siding – Q1 2025 vs. Q1 2024
SIDING – Q1 2025 VS. Q1 2024 ($ in millions) $16 $(5) $106 $15 $(0) $(1) $90 $8 Raw Materials Overall 2% Overall 9% $3M Tariffs $(2)M Labor $(2)M Other $1M OEE 76%; 2ppts vs. PY Freight $(1)M 25% 27% 25%2 26%2 2024 Siding Solutions Siding Solutions Sales & Inflationary Other 2025 Adjusted EBITDA1 Pr
Slide 9: OSB – Q1 2025 vs. Q1 2024
OSB – Q1 2025 VS. Q1 2024 ($ in millions) $(36) $90 $(32) $1 $54 $(8) $(1) $3 Overall (11)% 30% 11mmsf, 3% (45)mmsf, Labor 27% Commodity (10)% $(1)M OEE 77%; (13)% (1)ppt to PY Mix 48%, Structural (3)ppts to PY 29%2 25% 27% 20%2 Solutions (9)% 2024 ASP Commodity Structual Solutions Inflationary Othe
Slide 10: Cash Flow
CASH FLOW ($ in millions) Three Months Ended March 31, 2025 2024 Beginning cash $ 340 $ 222 Adjusted EBITDA1 162 182 Change in Working Capital (74) (66) Interest, net (3) (1) Cash taxes, net (15) (10) Other operating (6) — Operating cash flow 64 105 Capital expenditures (64) (41) Repurchase of commo
Slide 11: 2025 Guidance & Sensitivities
2025 GUIDANCE & SENSITIVITIES Siding Growth and Margin 2nd Quarter Full Year Siding Revenue $445-455M (9-10% growth) ~$1.7B (>9% growth) Siding Adjusted EBITDA1 $110-120M (~26% margin4) $425-435M (>25% margin4) OSB Guidance OSB Adjusted EBITDA1,2 $15-25M $110-120M Total LP Adjusted EBITDA1,2,3 $125-
Slide 12: Appendix
APPENDIX
Slide 13: Financial Performance
FINANCIAL PERFORMANCE ($ in millions, except per share amounts) Three Months Ended March 31, 2025 2024 Sales $ 724 $ 724 Cost of sales (526) (511) Gross profit 197 214 SG&A (75) (69) Other charges and credits, net (2) 1 Income from operations 120 145 Non-operating income (expense) (4) 3 Provision fo
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 March 31, 2025 2024 Net income $ 91 $ 108 Add (deduct): Provision for income taxes 26 41 Depreciation and amortization 35 31 Stock-based compensation expense 5 6 Other operating credits and charges, net 2 — B
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 March 31, 2025 2024 Net income per share - diluted $ 1.30 $ 1.48 Net income $ 91 $ 108 Add (deduct): Other operating credits and charges, net 2 — Business exit
Slide 16: Revenue and Adjusted EBITDA by Segment
REVENUE AND ADJUSTED EBITDA BY SEGMENT ($ in millions) Three Months Ended March 31, 2025 2024 NET SALES BY BUSINESS SEGMENT Siding $ 402 $ 361 OSB 267 313 LPSA 52 47 Other 2 3 Total Sales $ 724 $ 724 Adjusted EBITDA Siding $ 106 $ 90 OSB 54 90 LPSA 12 10 Other (10) (8) Total Adjusted EBITDA $ 162 $