Louisiana-Pacific Corporation (LP), a leading manufacturer of high-performance building products, reported its financial results for the three months ended March 31, 2025.
Net sales for the Q1 2025 remained flat at $724 million. Siding revenue increased by $41 million (or 11%), due to 9% higher volumes and 2% higher prices. OSB revenue decreased by $46 million (or 15%), driven by 11% lower prices and 4% lower volumes.
Net income decreased year-over-year by $17 million to $91 million ($1.30 per diluted share). The decrease primarily reflects a $20 million decrease in Adjusted EBITDA. The year-over-year decrease in Adjusted EBITDA includes $39 million due to lower OSB selling prices and volumes, partially offset by a $23 million impact from higher Siding net sales.
“LP's Siding business delivered 11% revenue growth and margin expansion in the first quarter,” said LP Chairperson and Chief Executive Officer Brad Southern. “Despite tariff uncertainty and a slow start to the building season, LP’s Siding order file is on pace for a record second quarter, driven by ExpertFinish growth, share gains in new residential construction, and a recovering shed market.”
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide.
