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Louisiana-Pacific Corporation
$4.6B
Market Cap
38.8
P/E
1.27
PEG
11.0%
ROCE
8.6%
ROE
0.22
D/E
9.6%
OPM
-30.9%
% from 52W High
21
α RS
🔍 LPX is showing a high-conviction setup because it matches 3 of 39 tracked screener presets, Sector RRG has Industrials in the Improving quadrant with the trail still strengthening, and fortress_balance preset's Backtest win rate is 50.6% over 90 days. Net: Broad signal stack, not a recommendation. ? Conviction RRG Backtest
Sources
Conviction 3/39 · Industrials in Improving quadrant · Backtest win rate 50.6%
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🌏 Global Investor Returns
Currency-adjusted total returns for LPX including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions for applications in new home construction, repair and remodeling, and outdoor structure markets in the United States, Canada, and South America. It operates through Siding and Oriented Strand Board (OSB) segments. The Siding segment consists of a portfolio of engineered wood siding, trim, soffit, and fascia products; and primed products, including LP SmartSide trim and siding, LP BuilderSeries Lap Siding, and LP Outdoor Building Solutions; and LP SmartSide ExpertFinish trim and siding pre-finished products. The OSB segment manufactures and distributes OSB structural panel products, including the value-added OSB product portfolio comprising LP Structural Solutions, which includes LP FlameBlock Fire-Rated Sheathing, LP WeatherLogic Air and Water Barrier, LP TechShield Radiant Barrier, LP Legacy Premium Sub-Flooring, and LP TopNotch 350 Durable Sub-Flooring. In addition, the company provides other operations, including timber and timberlands, as well as other minor products, services, and closed operations. The company sells its products primarily to retailers, wholesalers, home building, and industrial businesses in North America and South America. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding LPX
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Manager Shares Value % of Fund Period
Warren Buffett Berkshire Hathaway Inc 4.34M $316.1M 0.12% Mar 2026
Warren Buffett Berkshire Hathaway Inc 1.32M $96.0M 0.04% Mar 2026
Steve Cohen Point72 Asset Management 403.9K $29.4M 0.04% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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🎙 Management Tone Confident Specific ~ Volatile 4 quarters Full tone analysis in Intelligence →
📊 MIXED LP Building Solutions Q1 2026 EBITDA $82M, siding margins strong despite 18% volume decline.
Revenue & Profitability
Q1 2026 EBITDA was $82 million, down $80 million year-over-year primarily from $66 million lower OSB prices. Adjusted EPS was $0.38. Net operating cash outflow was $38 million. Siding EBITDA was only $5 million lower year-over-year despite 10% lower net sales. The OSB segment reported a $12 million EBITDA loss. LP returned $21 million to shareholders via dividends. Cash ended the quarter at $164 million with $900 million in total liquidity.
Outlook
Management expects housing starts to remain flat year-over-year but sees no signs of improving consumer confidence or moderating interest rates. The conflict in Iran has eroded market indicators. Siding volume is expected to decline ~10% year-over-year in Q2 with sequential improvement through year-end. OSB prices are expected to remain near EBITDA breakeven. Crude oil price impacts are baked into revised guidance.
Growth Drivers
Key growth levers include: (1) penetrating national home builders, where LP has a high single-digit share and recently secured two new enterprise programs, adding >10% to builder volume; (2) ExpertFinish capacity expansion (Green Bay line ramping, Bath upgrade, new land in North Branch, Minnesota); (3) share gains in repair and remodel via pre-finished siding; and (4) favorable DIY and labor-tightness trends.
Balance Sheet & CapEx
Of the ~$200 million earmarked for strategic growth CapEx, about $100 million is for ExpertFinish expansion, including the Green Bay line, Bath, New York upgrade, and North Branch land. Another $20-$30 million is allocated for the next major siding mill (Maniwaki conversion under evaluation). LP also built log inventory ahead of spring breakup to mitigate freight costs.
Margins
Siding EBITDA margin was 28% in Q1, aided by rebate dynamics and inventory build; without those, closer to 26% (prior year). LP expects roughly 50% incremental EBITDA on volume leverage. OSB is near EBITDA breakeven. Crude oil raw material cost sensitivity is $1.5-$2 million per quarter per $10/bbl increase, mostly in siding. Freight impact is about $1 million annually for each $10/bbl crude increase.
Key Risks
Risks flagged include: further deterioration in housing starts and consumer confidence; extended OSB oversupply (prices below EBITDA breakeven); crude oil price volatility impacting raw materials and freight (annual impact $6-$8 million on raw materials, $1 million on freight); uncertainty in second-half demand; lower consumer sentiment; and economic weakness in South America (Chile).
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-05
Siding delivered strong results with higher prices and normalized inventories, offsetting volume declines, while OSB faced significant headwinds from weak demand and lower prices. CapEx was reduced, with investments focused on Siding growth and robust liquidity maintained.
Q1 2026 Q1 2026 2026-05-06
Q1 2026 saw EBITDA above guidance despite lower volumes and OSB price weakness, with strong price realization and safety performance. Siding outperformed, especially ExpertFinish, while OSB faced significant headwinds. Full-year guidance was lowered due to ongoing macro uncertainty and high input costs.
Q4 2025 Q4 2025 2026-02-17
Siding delivered strong growth and margin expansion in 2025 despite a weak housing market, while OSB faced multi-year price lows but remained EBITDA positive. 2026 guidance anticipates a challenging Q1, with improvement expected as inventories normalize and new capacity comes online.
Q3 2025 Q3 2025 2025-11-05
Siding revenue grew 5% year-over-year, led by price and product mix, while total sales and EBITDA declined due to weak OSB prices. Guidance for Siding remains strong, with continued investment in ExpertFinish and a potential Maniwaki mill conversion, as the company navigates a soft housing market and CEO transition.
Q2 2025 Q2 2025 2025-08-06
Siding delivered record Q2 results, offsetting weak OSB pricing through volume and margin gains. Full-year Siding guidance is reaffirmed, while OSB faces negative EBITDA if low prices persist. Capex was reduced, with strong liquidity supporting ongoing Siding growth and innovation.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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