Louisiana-Pacific Corporation · NYSE:LPX
Louisiana-Pacific — Q3 2026 Earnings Presentation
15 slides from Louisiana-Pacific's earnings presentation, Nov 3, 2026
Slide 1: Q3 2026 Earnings Presentation
Q3 2026 Earnings Presentation November 3, 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: Q3 2026 Highlights and Financial Results
Q3 2026 Highlights Q3 2026 FINANCIAL RESULTS Compared to Q3 2025 Siding Growth & Margin $691M $82M 7% $0.39 • New Siding net sales record • 25% Siding EBITDA margin2 • Enhanced distribution network 1 • Taylor Morrison's New Strategic Net Sales Adj. EBITDA Siding Sales Adj. EPS1 Vendor of the Year Aw
Slide 6: Financial Results
FINANCIAL RESULTS
Slide 7: Siding – Q3 2026 vs. Q3 2025
SIDING – Q3 2026 VS. Q3 2025 ($ in millions) $1 $3 $4 $(19) $23 $117 $(9) $119 Overall 5% Overall 2% Marketing $2M Raw Materials Maintenance- $(12)M Related Costs Primed 2% Primed 5% $(6)M ExpertFinish Freight $(6)M Inventory/Other ExpertFinish 4% (2)% $(3)M Labor $(2)M 25% 27% 26%2 25%2 2025 Price
Slide 8: OSB – Q3 2026 vs. Q3 2025
OSB – Q3 2026 VS. Q3 2025 ($ in millions) $3 Overall (8)% Overall 56mmsf, Raw Materials $(5)M Inventory 7% Valuation$14M Labor $(1)M Other $2M SG&A $1M (14)%2 (15)%2 $(24) $(27) $(7) 25% 27% $17 $(1) $(7) 2025 Adjusted EBITDA1 Price Volume Inflationary Other 2026 Adjusted EBITDA1 (w/o freight) Costs
Slide 9: Cash Flow
CASH FLOW CASH FLOW ($ ($in inmillions) millions) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Beginning cash $ 228 $ 333 $ 292 $ 340 Adjusted EBITDA1 82 82 243 386 Change in working capital 48 7 4 (38) Interest (net) (4) (2) (3) (2) Cash taxes (net) (1) (3) (
Slide 10: 2026 Guidance & Sensitivities
2026 GUIDANCE & SENSITIVITIES Siding Growth and Margin Fourth Quarter Full Year Siding Revenue $390M–$400M (~3% growth) $1.66B–$1.67B (~1% decline) Siding Adjusted EBITDA1 $80M–$90M (~22% margin1,2) $415M–$425M (25% margin1,2) OSB Guidance OSB Adjusted EBITDA1,3 $(35)M $(95)M Total LP Adjusted EBITD
Slide 11: Appendix
2 i i Pa " . « : APPENDIX iE
Slide 12: Financial Performance
FINANCIAL PERFORMANCE ($ in millions, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Sales $ 691 $ 663 $ 1,929 $ 2,141 Cost of sales (576) (534) (1,584) (1,637) Gross profit 114 129 345 504 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, 2026 2025 2026 2025 Net income $ 23 $ 9 $ 76 $ 154 Add (deduct): Provision for income taxes 9 9 26 54 Depreciation and amortization 38 36 115 106 Stock-based comp
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, 2026 2025 2026 2025 Net income per share — diluted $ 0.32 $ 0.13 $ 1.09 $ 2.20 Net income $ 23 $ 9 $ 76 $ 154 Add
Slide 15: Revenue & Adjusted EBITDA
REVENUE & ADJUSTED EBITDA ($ in millions) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 NET SALES Siding $ 473 $ 443 $ 1,274 $ 1,305 OSB 180 179 530 696 Other 38 41 125 140 Total Sales $ 691 $ 663 $ 1,929 $ 2,141 ADJUSTED EBITDA Siding $ 119 $ 117 $ 333 $ 348 O