LPX earnings analysis
What we found in LPX's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.39
- Segment
- Siding
- Segment
- OSB
What they said about what is next.
Fiscal year 2026 guidance unchanged from prior outlook.
The filing reads worse than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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