Alan Haughie
EVP & CFO at Louisiana-Pacific
For the full year, we now Siding revenue of about $1,700,000,000 and EBITDA between $425,000,000 and $435,000,000 We're applying the same philosophy to our tariff assumptions as we did in our first quarter guide three months ago, namely that the current state continues through the remainder of the year, a state which leads us to expect roughly $12,000,000 of tariff headwind in EBITDA. Despite this, we've increased the midpoint of our guide by $10,000,000 which can be thought of as a $22,000,000 increase in EBITDA from growth and leverage, partly offset by the $12,000,000 of tariff impact. For OSB, with random lengths falling recently, a prudent modeling approach will be to assume that commodity OSB prices remain flat at last Friday's level for the remainder of the year, which is exactly what we've done. So with that assumption, the second quarter OSB EBITDA should be in the 15,000,000 to $25,000,000 range. Extending the midpoint of that range through the second half of the year yields a full year EBITDA estimate for OSB of 110,000,000 to $120,000,000 Now for the avoidance of doubt, this is not an attempt to predict actual commodity prices, but simply a conservative approach that we hope is useful for modeling.
