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Sep 30
Louisiana-Pacific Q3 2025 Earnings Report
Louisiana-Pacific reported a sharp decline in earnings for Q3 2025 as net income dropped significantly due to lower OSB pricing and volume.
Key Takeaways
Louisiana-Pacific faced a challenging third quarter with notable declines in OSB segment performance, which led to a steep drop in net income and adjusted EBITDA. However, the Siding segment remained resilient with revenue growth, driven by higher selling prices.
Net income fell to $9 million, down from $90 million a year ago
EPS dropped to $0.13 with adjusted EPS at $0.36
Siding segment revenue increased by $22 million to $443 million
OSB segment reported a $74 million revenue decline and a negative adjusted EBITDA
Louisiana-Pacific
Louisiana-Pacific
Louisiana-Pacific Revenue by Segment
Louisiana-Pacific Revenue by Geographic Location
Revenue by Segment
Siding Revenue
CapyFin.comOSB Revenue
CapyFin.comLPSA Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comSouth America Revenue
CapyFin.com Forward Guidance
LP reaffirmed full-year adjusted EBITDA guidance for Siding while projecting negative EBITDA for OSB in Q4. Total Q4 consolidated adjusted EBITDA is expected to be approximately $32 million.
Positive Outlook
- Q4 2025 siding net sales expected to be ~$370 million
- Q4 siding adjusted EBITDA forecasted at ~$82 million
- Full-year siding adjusted EBITDA reaffirmed at ~$430 million
- Siding expected to maintain strong margin (~26%)
- Stable outlook supported by pricing strength in siding
Challenges Ahead
- Q4 OSB adjusted EBITDA projected to be negative ~$45 million
- OSB performance remains weak due to low market pricing
- Total consolidated adjusted EBITDA guidance for Q4 is modest at $32 million
- Full-year OSB EBITDA is expected to be ~$0
- Lower OSB volume and pricing continue to pressure margins
Revenue & Expenses
Visualization of income flow from segment revenue to net income