Louisiana-Pacific Corporation (LPX) Earnings Call Transcripts

Louisiana-Pacific Corporation's Latest Earnings Call - Q1 FY2026

In Q1 2026, Louisiana-Pacific Corporation (LPX) reported net sales of $435 million, down from the prior year, driven by lower OSB prices and volumes. Adjusted earnings per share were $0.38, reflecting a significant year-over-year decline in EBITDA of $80 million to $82 million. Management has tempered guidance for the remainder of the year, expecting Siding revenue between $1.64 billion and $1.66 billion and EBITDA between $410 million and $425 million, citing ongoing challenges in the housing market and macroeconomic conditions.

Reported metrics

Guidance from management

Management expects Siding revenue in Q2 between $435 million and $445 million and EBITDA between $115 million and $120 million. Full-year guidance for Siding revenue is now projected between $1.64 billion and $1.66 billion, with EBITDA between $410 million and $425 million, reflecting a tempered outlook due to market conditions.

What management said

Mike, I'll touch on that. I mean, as you noted, we're hearing from our customers that there are some manufacturers going up on the vinyl side. That just makes SmartSide more attractive with regard to that specific comparison. So that's something we're keeping a close eye on. But I do think most of that has taken place over the course of the last 30 days, essentially. So we haven't felt anything material in our order ...

Yes. I think anytime that spread narrows, it presents an opportunity, and we're positioned well to capitalize on that. So we like the narrowing of that spread, and we'll take advantage of it where we can.

What analysts pressed on

Analysts expressed concerns regarding the significant drop in guidance and the impact of rising costs on margins. There were questions about the sustainability of the ExpertFinish growth and how the company plans to navigate the challenging OSB market.

Main topics on the call

• Revenue Decline — LP's net sales fell significantly due to a 28% drop in OSB prices, resulting in a $66 million reduction in revenue. Management noted, "OSB price softness accounted for a $66 million reduction in net sales and EBITDA."
• Safety Performance — The company reported a world-class total incident rate of only 0.26, highlighting its commitment to safety. CEO Jason Ringblom stated, "LP team members in North America worked over 1.5 million hours with a world-class to...
• ExpertFinish Growth — ExpertFinish continues to outperform, accounting for 12% of siding volume and 18% of revenue. Management expressed confidence in its growth potential, stating, "We believe that ExpertFinish has a long runway for growth a...
• Guidance Adjustment — Management lowered full-year guidance due to expected volume declines and rising costs, projecting Siding revenue of $1.64 billion to $1.66 billion. They noted, "We feel it's prudent to temper our expectations for the se...

Read the full Louisiana-Pacific Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Louisiana-Pacific Corporation earnings call transcripts on record, spanning February 11, 2020 to May 6, 2026. Based on this history, Louisiana-Pacific Corporation reports quarterly. The most recent call on file is dated May 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LPX

Exchange

NYSE

Country

US

Sector

Materials

Industry

Paper and Forest Products

Calls on record

30

First call

February 11, 2020

Most recent

May 6, 2026

Reporting cadence

quarterly