Louisiana-Pacific Corp Q2 profit misses on lower siding volumes

Louisiana-Pacific

05/08/2026 11:10

Overview
US engineered wood maker's Q2 adjusted EPS and adjusted EBITDA missed analyst expectations
Q2 Siding sales fell 4% as lower volumes offset higher prices
Company expects Siding segment to return to growth in Q3, reaffirms full-year guidance

Outlook
Louisiana-Pacific sees Q3 Siding net sales of $460-470 mln, about 5% year-over-year growth
Company expects full-year Siding net sales of $1.65-1.67 bln, about 1% decline
Louisiana-Pacific projects 2026 capital expenditures of about $320 mln

Result Drivers
LOWER SIDING VOLUMES - Co said Q2 Siding net sales fell due to 11% lower volumes, partially offset by 7% higher prices
OSB PRICE AND VOLUME DECLINE - Co said Q2 OSB net sales dropped due to lower prices and sales volumes
RAW MATERIAL INFLATION - Co said margin pressure in Siding was due to higher raw material, freight, and labor costs

Company press release: ID:nBwm3t5Da

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Siding Sales
 
$441 mln
 
Q2 Adjusted EPS
Miss
$0.40
$0.60 (12 Analysts)
Q2 Adjusted EBITDA
Miss
$79 mln
$99.05 mln (13 Analysts)
Q2 Dividend
 
$0.30
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the forest & wood products peer group is "buy"
Wall Street's median 12-month price target for Louisiana-Pacific Corporation is $93.00, about 21.1% above its August 4 closing price of $76.81
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 23 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)