LP to Indefinitely Curtail OSB Production at Jasper, Texas Facility
LPX is trading near its 52-week low of $66.12 (3.1% above the low) on light trading volume (0.4× avg).
Summary
LP is indefinitely curtailing OSB production at its Jasper, Texas facility starting October 2026, citing soft demand. The plant has annual capacity of about 475 million square feet (3/8-inch basis). The company expects $4 million to $6 million in severance and one-time costs in 2026 related to the curtailment. This follows Q2 results where OSB swung to a loss and net income fell 51% year over year. The curtailment is a direct response to weak OSB market conditions and will reduce fixed costs but also signals continued demand weakness.
At the time of this announcement, LPX was trading at $68.16 on NYSE in the Manufacturing sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $66.12 to $101.28. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: BusinessWire.