Louisiana-Pacific Reports Q3 2026 Earnings Growth Driven by Siding Sales
Louisiana-Pacific (LPX) reported strong third-quarter results, highlighted by record siding sales and a significant increase in adjusted diluted EPS to $0.32 from $0.13 in the prior year. Despite a 2% decline in single-family housing starts, the company achieved a 7% increase in siding net sales driven by higher volumes and list price increases. The Siding segment's adjusted EBITDA margin reached 25.2%, exceeding management's previous guidance. However, the Oriented Strand Board (OSB) segment continues to face challenges, with a projected full-year EBITDA loss of approximately $95 million due to flat pricing and market softness. To manage this, LPX has implemented strategic capacity curtailments, including an indefinite curtailment at its Jasper, Texas mill and temporary idling in Maniwaki, Quebec. While raw material inflation and freight costs acted as headwinds, the company maintains a strong liquidity position of $1 billion.
Tickers: $LPX
Topics: earnings report EPS beat OSB segment performance revenue growth siding sales