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LPX

Louisiana-Pacific Corporation

LPX

Louisiana-Pacific Corporation • NYSE
$82.01 ▲ 0.63% (+0.51)
Market Cap $5.71 B
52w High $121.61
52w Low $73.42
Dividend Yield 1.12%
P/E 26.54
Volume 1.11M
Outstanding Shares 69.64M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $663M ▼ $111M ▲ $9M ▼ 1.357% ▼ $0.13 ▼ $57M ▼
Q2-2025 $755M ▲ $98M ▲ $54M ▼ 7.152% ▼ $0.77 ▼ $112M ▼
Q1-2025 $724M ▲ $78M ▼ $91M ▲ 12.569% ▲ $1.3 ▲ $158M ▲
Q4-2024 $680M ▼ $86M ▲ $62M ▼ 9.118% ▼ $0.89 ▼ $114M ▼
Q3-2024 $722M $76M $90M 12.465% $1.29 $148M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $316M ▼ $2.649B ▼ $910M ▼ $1.739B ▼
Q2-2025 $333M ▲ $2.656B ▲ $914M ▲ $1.742B ▲
Q1-2025 $256M ▼ $2.57B ▲ $878M ▼ $1.692B ▲
Q4-2024 $340M ▼ $2.569B ▼ $898M ▼ $1.671B ▲
Q3-2024 $346M $2.576B $910M $1.666B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $27M ▼ $90M ▼ $-83M ▼ $-20M ▼ $-17M ▼ $6M ▼
Q2-2025 $54M ▼ $162M ▲ $-68M ▼ $-18M ▲ $77M ▲ $94M ▲
Q1-2025 $91M ▲ $64M ▼ $-64M ▼ $-87M ▼ $-84M ▼ $0 ▼
Q4-2024 $62M ▼ $105M ▼ $-61M $-40M ▲ $-6M ▼ $43M ▼
Q3-2024 $91M $183M $-61M $-95M $29M $139M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Other products
Other products
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Plywood
Plywood
 $120.00M ▲$120.00M ▲$100.00M ▼$70.00M ▼
Valueadd
Valueadd
 $550.00M ▲$590.00M ▲$640.00M ▲$580.00M ▼
OSB
OSB
 $270.00M ▲$270.00M ▲$250.00M ▼$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue and profit have clearly followed the housing and lumber cycle: a big surge during the building boom in 2021, a comedown in 2022–2023, and then a recovery in 2024. Even in the weaker years, the company stayed comfortably profitable, which suggests its cost base and mix of products can withstand softer demand. Margins today look more “normal” versus the exceptional peak years, but still stronger than before the pandemic. Overall, the income statement shows a cyclical business, but one that has emerged from the cycle with higher earnings power than it had going in.

Balance Sheet

Balance Sheet The balance sheet looks conservative and steadily stronger over the past five years. Total assets have grown while shareholder equity has increased each year, meaning the company has been building net worth rather than drawing it down. Debt has remained modest and fairly flat, so leverage is low and financial risk from borrowing appears contained. Cash levels move around but stay healthy, giving the company flexibility to handle downturns and fund growth projects without overreliance on lenders.

Cash Flow

Cash Flow Cash generation from the core business has been consistently solid, with very strong inflows during the boom years and still respectable levels in the softer years. Free cash flow has been positive most years, dipping close to breakeven only when the company stepped up heavy investment and profits temporarily fell. Capital spending has clearly increased, pointing to a deliberate choice to reinvest in plants, new products, and capacity rather than simply harvesting cash. Overall, the cash-flow profile suggests a business that can fund both shareholder returns and growth initiatives through its own operations over a full cycle.

Competitive Edge

Competitive Edge Louisiana-Pacific holds a leading position in oriented strand board and has built a strong franchise in engineered wood siding and structural solutions. Its edge comes from scale, cost efficiency, well-known brands like SmartSide, and wide distribution relationships with builders and retailers. The strategic shift toward higher-value, specialty products helps reduce dependence on pure commodity pricing and supports better margins. That said, the business still operates in a cyclical, highly competitive construction materials market, where housing activity, lumber prices, and rival materials such as fiber cement and vinyl remain important pressures.

Innovation and R&D

Innovation and R&D The company leans heavily on product innovation as a differentiator, especially through proprietary processes like SmartGuard for siding and technologies embedded in products such as TechShield and WeatherLogic. It is positioning itself as a provider of integrated building systems—siding, sheathing, barriers, and sub-flooring—rather than just commodity panels. The new Innovation Center and ongoing expansion of prefinished and specialty offerings indicate a long-term pipeline of new products aimed at better durability, energy efficiency, and ease of installation. Sustainability and carbon-negative claims further support its brand with environmentally focused customers. Together, these efforts suggest innovation is not a side activity but a central pillar of the business model.

Summary

Louisiana-Pacific today looks like a cyclical building-products company that has deliberately upgraded its quality: stronger average profitability, a sturdier balance sheet, and a portfolio tilted toward value-added solutions. Financially, it has shown it can stay profitable and cash-generative through downshifts in the housing market, helped by low debt and disciplined operations. Competitively, it combines large scale in basic panels with differentiated siding and structural systems that command better pricing and deepen relationships with builders. The main risks remain exposure to construction cycles, commodity cost swings, and competition from alternative materials, while the main opportunities lie in continued product innovation, deeper penetration of specialty siding, and growing demand for energy-efficient, sustainable building solutions.

NEWS

November 17, 2025 · 9:06 AM UTC

LP Building Solutions Unveils 2026 Color of the Year: Sand Dunes

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November 10, 2025 · 9:00 AM UTC

LP Building Solutions Honors Veterans Through Partnerships With Gary Sinise Foundation, Wreaths Across America and More

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November 5, 2025 · 6:00 AM UTC

LP Building Solutions Reports Third Quarter 2025 Results and Reaffirms Siding Full-Year Adjusted EBITDA Guidance

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November 3, 2025 · 4:30 PM UTC

LP Building Solutions Announces CEO Transition Plan

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October 30, 2025 · 10:00 AM UTC

LP Building Solutions Announces Quarterly Dividend

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