Louisiana-Pacific Q4 adjusted EPS beats estimates on higher siding sales

Overview

• Building products maker's Q4 siding sales rose 6%, OSB sales fell significantly

• Adjusted EPS for Q4 beat analyst expectations

• Adjusted EBITDA for Q4 beat analyst expectations

Outlook

• Louisiana-Pacific expects Q1 2026 Siding net sales to decline by 12% to $350-355 mln

• Company anticipates full-year 2026 Siding net sales to grow 2% to $1.7 bln

• Louisiana-Pacific forecasts 2026 capital expenditures of approximately $400 mln

Result Drivers

• SIDING SALES INCREASE - Siding net sales rose 6% to $384 mln, driven by an 8% increase in sales prices, partially offset by a 2% reduction in sales volumes

• OSB SALES DECLINE - OSB net sales fell by $132 mln to $136 mln, impacted by lower prices and sales volumes

• NET LOSS FACTORS - Net loss of $8 mln was influenced by $74 mln reduction in Adjusted EBITDA, $8 mln in impairment charges, and $9 mln in foreign currency losses

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and 2 "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 Corp is $102.00, about 9% above its February 13 closing price of $93.62

• The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 21 three months ago

Press Release: ID:nBw954BZwa

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