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Earnings analysis · 10-Q

LPX earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

Louisiana-Pacific Corporation (LPX) reported Q1 2026 revenues of $574 million and EPS of $0.39, slightly exceeding the revenue estimate of $570 million while EPS surpassed the forecast of $0.14. Revenue decreased by…

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Louisiana-Pacific Corporation (LPX) reported Q1 2026 revenues of $574 million and EPS of $0.39, slightly exceeding the revenue estimate of $570 million while EPS surpassed the forecast of $0.14. Revenue decreased by 20.7% compared to Q1 2025, with the OSB segment experiencing a significant decline. The firm maintained its fiscal year 2026 guidance, projecting revenue between $2.4 billion and $2.5 billion and EPS between $0.56 and $0.66, unchanged from prior expectations.

Read the original on SEC.gov

Reported figures

Earnings per share
$0.39
Segment
Siding
Segment
OSB

What stood out

  • Revenue Declined Significantly

    Revenue of $574 million in Q1 2026 decreased by 20.7% from $724 million in Q1 2025.

  • Strong EPS Compared to Estimate

    Reported EPS of $0.39 in Q1 2026 exceeded the expected EPS of $0.14.

  • Siding Segment Performance Weakens

    Siding segment net sales fell to $360 million, down 10% from $402 million a year ago.

  • OSB Segment Faces Major Decline

    OSB segment revenue decreased to $168 million, a drop of 37% from $267 million in Q1 2025.

  • Cash Used in Operations

    LPX reported cash used in operations of $38 million during the period, a swing from cash provided of $64 million a year earlier.

  • Stable Dividend Payments

    LPX paid $21 million in dividends during the quarter, maintaining shareholder returns despite operational challenges.

What to watch

  • Operational Cash Flow Decrease

    Cash used in operations of $38 million in Q1 2026, a significant decline from $64 million generated in Q1 2025.

  • Segment Revenue Contraction

    Both Siding and OSB segments experienced revenue declines, with OSB down 37% year-over-year.

  • High OSB Price Volatility

    OSB prices dropped significantly, impacting revenue, as the segment faced lower demand and sales volumes.

Management's outlook

Fiscal year 2026 guidance unchanged from prior outlook.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.