Louisiana-Pacific (LPX) investor relations material

Executive summary

• Net sales for Q2 2026 were $664 million, down $90 million year-over-year, with Siding and OSB segments both experiencing declines due to lower volumes and prices.

• Net income for Q2 2026 was $26 million, down from $54 million in Q2 2025.

• Adjusted EBITDA for Q2 2026 was $79 million, down $63 million year-over-year.

• Siding full-year guidance reaffirmed, with anticipated return to year-over-year growth in Q3 2026.

• Broke ground on a new prefinishing facility in North Branch, MN.

Financial highlights

• Siding net sales decreased by 4% to $441 million in Q2 2026; OSB net sales fell by 27% to $182 million.

• Adjusted Diluted EPS for Q2 2026 was $0.40, down from $1.07 in Q2 2025.

• Gross profit for Q2 2026 was $116 million, down from $178 million in Q2 2025.

• Operating cash flow for Q2 2026 was $140 million; cash and cash equivalents at June 30, 2026, were $228 million.

• Return to shareholders in Q2 2026 was $21 million via dividends.

Outlook and guidance

• Q3 2026 Siding net sales expected at $460–470 million (~5% growth), with Adjusted EBITDA of $110–120 million (~25% margin).

• Full-year 2026 Siding net sales projected at $1.65–1.67 billion (~1% decline), Adjusted EBITDA $410–425 million (25–26% margin).

• OSB Adjusted EBITDA expected to be negative for both Q3 and full year 2026.

• Capital expenditures for 2026 expected to be ~$320 million.

• Management expects to meet capital needs through internal cash generation and credit facilities.