Louisiana-Pacific (NYSE:LPX) Announces Earnings Results

Key Points

• Earnings beat but OSB weakness: LPX reported adjusted EPS of $0.38 beating estimates while revenue fell 20.7% YoY to $574M and Q1 adjusted EBITDA was $82M with a $66M hit from lower OSB prices; management warned OSB could produce about a $10M EBITDA loss in Q2 if current prices persist.
• SmartSide/ExpertFinish gains and capacity build: SmartSide price realization outperformed expectations, ExpertFinish now accounts for 12% of siding volume (18% of siding revenue), and LPX is expanding capacity (Green Bay +50M sq ft, Bath +20M) after securing roughly 100M sq ft of programs with top U.S. builders.
• Liquidity and shareholder returns: The company ended Q1 with $164M cash and about $900M total liquidity, declared a $0.30 quarterly dividend (1.7% yield), but tempered second‑half outlook and materially reduced near‑term revenue guidance.

Louisiana-Pacific (NYSE:LPX - Get Free Report) announced its quarterly earnings results on Wednesday. The building manufacturing company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.14 by $0.24, FiscalAI reports. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The business had revenue of $574.00 million for the quarter, compared to analysts' expectations of $569.99 million. During the same quarter in the previous year, the company earned $1.27 EPS. The business's quarterly revenue was down 20.7% compared to the same quarter last year.

Here are the key takeaways from Louisiana-Pacific's conference call:

• LP reported Q1 adjusted EBITDA of $82 million (down about $80M YoY), with a $66 million reduction attributed to lower OSB prices; adjusted EPS was $0.38 and the company returned $21M in dividends.
• SmartSide price realization outperformed expectations and ExpertFinish is growing (12% of siding volume, 18% of siding revenue); LP is expanding ExpertFinish capacity (Green Bay +50M sq ft, Bath +20M, land in North Branch) and has secured ~100M sq ft of SmartSide programs with 15 of the top 25 U.S. builders.
• OSB remains the principal headwind — prices are ~28% lower YoY, have been near/below EBITDA breakeven, caused the $66M Q1 impact, and LP expects an OSB EBITDA loss of about $10M in Q2 if current prices persist.
• Management provided crude-oil sensitivities: each $10/barrel increase roughly equates to ~$1M/year in freight and ~$6–8M/year in raw-material costs (about 75/25 siding/OSB); guidance was prepared without forecasting future oil moves but incorporates current input trends.
• Updated outlook: full-year siding revenue of $1.64–1.66B and siding EBITDA of $410–425M; Q1 cash was $164M with ~$900M total liquidity, while management tempered second-half expectations given housing and macro uncertainty.

Louisiana-Pacific Trading Up 4.1%

NYSE LPX traded up $2.87 on Wednesday, hitting $72.62. 2,735,518 shares of the stock were exchanged, compared to its average volume of 1,276,169. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78. Louisiana-Pacific has a 52-week low of $66.68 and a 52-week high of $102.86. The firm has a market capitalization of $5.07 billion, a P/E ratio of 34.75, a P/E/G ratio of 1.07 and a beta of 1.60. The stock has a fifty day moving average price of $75.35 and a two-hundred day moving average price of $82.10.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a $0.30 dividend. The ex-dividend date is Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 53.59%.

Insider Activity

In related news, Director Lizanne M. Bruce sold 1,300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total transaction of $102,167.00. Following the completion of the transaction, the director directly owned 17,160 shares of the company's stock, valued at approximately $1,348,604.40. The trade was a 7.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the business's stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average price of $85.49 per share, for a total transaction of $1,709,800.00. Following the completion of the acquisition, the director directly owned 38,954 shares in the company, valued at $3,330,177.46. The trade was a 105.52% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.65% of the company's stock.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently modified their holdings of LPX. North Ridge Wealth Advisors Inc. purchased a new position in Louisiana-Pacific during the 2nd quarter valued at $26,000. Los Angeles Capital Management LLC purchased a new stake in shares of Louisiana-Pacific during the fourth quarter valued at $29,000. Larson Financial Group LLC boosted its stake in shares of Louisiana-Pacific by 291.2% during the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company's stock valued at $48,000 after purchasing an additional 399 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in shares of Louisiana-Pacific in the fourth quarter worth about $58,000. Finally, Danske Bank A S purchased a new position in Louisiana-Pacific in the 3rd quarter worth about $80,000. 94.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on LPX shares. Oppenheimer restated an "outperform" rating on shares of Louisiana-Pacific in a report on Tuesday, March 3rd. Zacks Research downgraded Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 5th. Royal Bank Of Canada reissued an "outperform" rating and issued a $104.00 target price on shares of Louisiana-Pacific in a report on Wednesday, February 18th. BMO Capital Markets decreased their price target on shares of Louisiana-Pacific from $98.00 to $94.00 and set a "market perform" rating on the stock in a research note on Monday, April 20th. Finally, Barclays lowered their price objective on shares of Louisiana-Pacific from $104.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Louisiana-Pacific has an average rating of "Hold" and a consensus price target of $101.57.

Key Louisiana-Pacific News

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: Q1 EPS topped expectations — LPX reported $0.38/share versus consensus around $0.09–$0.14, reducing short‑term downside risk from the quarter. Louisiana-Pacific (LPX) Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: An influential analyst (DA Davidson) reaffirmed a Buy and maintained a $114 price target, which supports upside sentiment among investors. DA Davidson Reaffirms Buy
• Neutral Sentiment: Company released the full earnings press release, slide deck and conference call transcript/slides — useful for investors digging into segment results and margin drivers. LPX Press Release / Slide Deck
• Neutral Sentiment: Corporate governance items passed at the annual meeting (directors, auditor, pay plan), which removes short‑term proxy uncertainty. Shareholder Meeting Results
• Negative Sentiment: Management significantly lowered revenue guidance: Q2 revenue guided to $435–445M (vs. consensus ~ $721M) and FY revenue guided to ~$1.7B (vs. consensus ~ $2.7B) — a material weakening that pressures forward earnings expectations. LP Building Solutions Reports First Quarter 2026 Results, Updates Guidance
• Negative Sentiment: Topline and profitability are down materially year‑over‑year — Q1 revenue fell ~20.7% and EPS declined from $1.27 a year ago, signaling weaker end‑market demand and margin pressure. LPX Slips Despite Earnings Beat

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation NYSE: LPX is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

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