LPX Q2 Earnings Drop 51% YoY, But Sees Siding Rebound in Q3
LPX is trading near its 52-week low of $66.12 (12% above the low).
Summary
LPX reported Q2 net income of $26M ($0.38/share), down 51% from $53M a year ago, missing expectations. Siding net sales fell 4% to $441M on 11% lower volumes, partially offset by 7% higher prices, while OSB sales plunged 27% to $182M on weaker prices and volumes. Adjusted EBITDA dropped 44% to $79M. Despite the miss, management affirmed full-year Siding guidance and guided Q3 Siding revenue to $460-470M (~5% growth), signaling a near-term inflection, and also provided 2026 Siding net sales guidance of $1.65B-$1.67B. This follows a 70% EPS decline in Q1, making the Q3 growth call a critical credibility test. The $1B liquidity position provides a cushion, but OSB losses are expected to persist with Q3 OSB Adjusted EBITDA guided to $(45)M.
At the time of this announcement, LPX was trading at $73.94 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $5.4B. The 52-week trading range was $66.12 to $102.86. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: BusinessWire.