Louisiana-Pacific Corporation posts huge Q2 2024 gains
"LP’s siding business continued to gain share and outperform the underlying markets we serve, setting records for sales and EBITDA in the quarter and notching another record quarter for LP SmartSide ExpertFinish Trim & Siding,” said LP chairperson and CEO Brad Southern. “Consistent execution of LP’s strategy, growth in siding and structural solutions, and exceptional cost control and safety in siding and OSB delivered $229M in adjusted EBITDA in the second quarter.”
Siding revenue increased by $95 million (or 30%), due to 22% higher volumes and 6% higher prices. OSB revenue increased by $122 million (or 53%), driven by 35% higher prices and 13% higher volumes. Those gains were partially offset by decreases in the LP South America (LPSA) segment and other revenue of $6 million and $7 million, respectively.
Get a more comprehensive snapshot of LP's financial outlook, including future-looking forecasts and assessments, here.