Louisiana-Pacific (LPX)

Market Price (11/11/2026): $75.525 | Market Cap: $5.3 BilSector: Industrials | Industry: Building Products

Louisiana-Pacific (LPX)

Market Price (11/11/2026): $75.525
Market Cap: $5.3 Bil
Sector: Industrials
Industry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%

Low stock price volatility
Vol 12M is 42%

Megatrend and thematic drivers
Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.

Weak multi-year price returns
2Y Excs Rtn is -59%, 3Y Excs Rtn is -40%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 51x, P/EPrice/Earnings or Price/(Net Income) is 78x

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5%

Key risks
LPX key risks include [1] high sensitivity to volatile pricing for its key commodity, Show more.

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 11%
1	Low stock price volatility Vol 12M is 42%
2	Megatrend and thematic drivers Megatrends include Sustainable Resource Management, and Sustainable & Green Buildings. Themes include Green Building Materials, Resource Efficiency Solutions, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -59%, 3Y Excs Rtn is -40%
4	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 12%
5	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 51x, P/EPrice/Earnings or Price/(Net Income) is 78x
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -12%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.3%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.5%
8	Key risks LPX key risks include [1] high sensitivity to volatile pricing for its key commodity, Show more.

LPX in ETFs

Weight = LPX's share of each fund

VTI0.01%

ITOT0.01%

IWB0.01%

IJH0.14%

VYM0.02%

VB0.05%

MDYV0.29%

IJJ0.29%

+19 more covered ETFs

Valuation & Metrics

FYE: 12/31	Forward FYE		Now	Historical (CYE & TTM)
	2027	2026	11/11/26	2025	2024	2023	2022
Share Price			$75.53	$80.76	$103.55	$70.83	$59.20
Mkt Cap ($ Bil)			5.3	5.7	7.4	5.1	4.3
+ Debt ($ Bil)			0.4	0.4	0.4	0.4	0.4
- Cash ($ Bil)			0.3	0.3	0.3	0.2	0.4
TEV ($ Bil)			5.4	6.1	7.8	5.5	4.7
Valuation Ratios
P/S	1.9	2.1	2.1	2.1	2.5	2.0	1.1
P/EBIT	20.1	47.0	50.8	27.0	13.1	19.5	3.7
P/E	26.9	68.1	77.7	38.7	17.5	28.7	3.9
P/FCF	—	—	176.2	62.1	17.4	318.7	5.8
Sector Ratios (* = sector average)
P/S *			1.7	1.7	1.6	1.4	1.2
P/EBIT *			12.2	12.3	12.1	11.9	9.6
P/E *			17.4	16.9	17.6	16.6	13.1
P/FCF *			13.2	13.8	14.6	12.0	10.5

FYE: 12/31	Forward FYE		Now
	2027	2026	11/11/26
Share Price			$75.53
Mkt Cap ($ Bil)			5.3
+ Debt ($ Bil)			0.4
- Cash ($ Bil)			0.3
TEV ($ Bil)			5.4
Valuation Ratios
P/S	1.9	2.1	2.1
P/EBIT	20.1	47.0	50.8
P/E	26.9	68.1	77.7
P/FCF	—	—	176.2
Sector Ratios (* = sector average)
P/S *			1.7
P/EBIT *			12.2
P/E *			17.4
P/FCF *			13.2

FYE: 12/31	LPX [1]	S&P 500 [2]
REVENUE GROWTH
LTM Revenue [3]	$2.5 Bil	—
FY 2026 Sales	$2.5 Bil	—
FY 2027 Sales	$2.7 Bil	—
FY 2026 Sales Growth	0.5%	—
FY 2027 Sales Growth	8.6%	8.6%
EARNINGS
LTM Net Income (GAAP) [3]	$68.0 Mil	—
FY 2026 Net Income (Non-GAAP)	$77.6 Mil	—
FY 2027 Net Income (Non-GAAP)	$196.3 Mil	—
FY 2027 Net Income Growth	153.0%	12.6%
FY 2026 EPS (Non-GAAP)	$1.12	—
FY 2027 EPS (Non-GAAP)	$2.77	—
FY 2027 EPS Growth	147.4%	—
VALUATION
FY 2026 P/S	2.1	1.7
FY 2027 P/S	1.9	—
FY 2026 P/E	68.1	8.8
FY 2027 P/E	26.9	—

[1] LPX forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
[2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 11/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
[3] LTM = reported trailing-twelve-month actuals (GAAP).

	LPX	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	2.5
Rev Chg Q	4.2%	8.8%
Rev Chg LTM	-11.6%	8.6%
Rev Chg 3Y Avg	-1.3%	6.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.3
Net Inc LTM ($ Bil)	0.1
Op Mgn LTM	4.6%	19.0%
CFO/Rev LTM	11.3%	21.4%
Net Inc Mgn	2.7%	13.5%
VALUATION	VERY HIGH
P/S	2.1	3.2
P/CFO	18.8	15.2
P/FCF	176.2	20.4
P/E	77.7	22.3
STABILITY	VERY GOOD
Debt/Equity	0.07	0.19
Cash/Assets	0.10	0.07

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Metric	Value	Date	Source
Siding Solutions Sales Volume	stable	9302025	Link
OSB Structural Solutions Sales Volume Decrease	-6%	9302025	Link
OSB Commodity Sales Volume Decrease	-13%	9302025	Link
ExpertFinish® Net Sales Growth	31%	9302025	Link
ExpertFinish Sales Volume Growth	17%	9302025	Link
Siding Average Selling Price Increase	5%	9302025	Link
OSB Average Selling Price Decrease	-24%	9302025	Link
Siding OEE (Overall Equipment Effectiveness)	78%	6302025	Link
OSB OEE (Overall Equipment Effectiveness)	80%	9302025	Link
ExpertFinish Percentage of Siding Volume	10%	9302025	Link
ExpertFinish Percentage of Siding Revenue	17%	9302025	Link

Price Chart

Upcoming
11/20/2026	Dividend	Amount: $0.30 Payment On: 12/04/2026
2/16/2027	Earnings Release	Rev: $583 Mil (E) EPS: $-0.05 (E)

Why The Stock Moved

Qualitative Assessment

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Prices as of 11/10/2026

Nov 4: up 6.8% the day after its Nov 3 earnings report (S&P 500 up 1.7%)
The stock rose after the company reported strong third quarter 2026 results, including record siding sales and beating earnings estimates. The broader market also rose that day, with headlines noting a "Blue Wave" painted the market green.

Up 22.1% from its Sep 30 low to Nov 4, down 4.2% since (S&P 500 up 0.5%)
The stock experienced a significant run, with its largest daily gains on October 15 and October 29 occurring without company headlines. This run culminated with a gain on November 4, following the strong third quarter earnings report.

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Stock Movement Drivers

Fundamental Drivers

The 4.7% change in LPX stock from 7/31/2026 to 11/10/2026 was primarily driven by a 26.3% change in the company's P/E Multiple.

(LTM values as of)	7312026	11102026	Change
Stock Price ($)	72.14	75.53	4.7%
Change Contribution By:
Total Revenues ($ Mil)	2,559	2,496	-2.5%
Net Income Margin (%)	3.2%	2.7%	-15.0%
P/E Multiple	61.6	77.8	26.3%
Shares Outstanding (Mil)	70	70	0.0%
Cumulative Contribution			4.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/10/2026

	Return	Correlation
LPX	4.7%
Market (SPY)	0.4%	34.4%
Sector (XLI)	-6.2%	34.4%

Fundamental Drivers

The 5.5% change in LPX stock from 4/30/2026 to 11/10/2026 was primarily driven by a 126.5% change in the company's P/E Multiple.

(LTM values as of)	4302026	11102026	Change
Stock Price ($)	71.59	75.53	5.5%
Change Contribution By:
Total Revenues ($ Mil)	2,709	2,496	-7.9%
Net Income Margin (%)	5.4%	2.7%	-49.5%
P/E Multiple	34.3	77.8	126.5%
Shares Outstanding (Mil)	70	70	0.0%
Cumulative Contribution			5.5%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/10/2026

	Return	Correlation
LPX	5.5%
Market (SPY)	4.6%	33.6%
Sector (XLI)	-3.1%	39.6%

Fundamental Drivers

The -11.9% change in LPX stock from 10/31/2025 to 11/10/2026 was primarily driven by a -73.6% change in the company's Net Income Margin (%).

(LTM values as of)	10312025	11102026	Change
Stock Price ($)	85.76	75.53	-11.9%
Change Contribution By:
Total Revenues ($ Mil)	2,881	2,496	-13.4%
Net Income Margin (%)	10.3%	2.7%	-73.6%
P/E Multiple	20.2	77.8	284.7%
Shares Outstanding (Mil)	70	70	0.0%
Cumulative Contribution			-11.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/10/2026

	Return	Correlation
LPX	-11.9%
Market (SPY)	10.9%	35.1%
Sector (XLI)	9.8%	45.1%

Fundamental Drivers

The 53.3% change in LPX stock from 10/31/2023 to 11/10/2026 was primarily driven by a 380.0% change in the company's P/E Multiple.

(LTM values as of)	10312023	11102026	Change
Stock Price ($)	49.27	75.53	53.3%
Change Contribution By:
Total Revenues ($ Mil)	2,752	2,496	-9.3%
Net Income Margin (%)	8.0%	2.7%	-65.8%
P/E Multiple	16.2	77.8	380.0%
Shares Outstanding (Mil)	72	70	2.9%
Cumulative Contribution			53.3%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/10/2026

	Return	Correlation
LPX	53.3%
Market (SPY)	85.5%	42.0%
Sector (XLI)	78.4%	48.7%

Return vs. Risk

Price Returns Compared

	2021	2022	2023	2024	2025	2026	Total [1]
Returns
LPX Return	113%	-23%	22%	48%	-21%	-5%	120%
Peers Return	64%	-16%	72%	-8%	-25%	-10%	47%
S&P 500 Return	27%	-19%	24%	23%	16%	10%	101%
Monthly Win Rates [3]
LPX Win Rate	67%	50%	50%	50%	33%	55%
Peers Win Rate	60%	47%	57%	53%	35%	42%
S&P 500 Win Rate	75%	42%	67%	75%	67%	36%
Max Drawdowns [4]
LPX Max Drawdown	-30%	-38%	-36%	-14%	-36%	-34%
Peers Max Drawdown	-25%	-34%	-24%	-24%	-37%	-35%
S&P 500 Max Drawdown	-5%	-25%	-10%	-8%	-19%	-9%

[1] Cumulative total returns since the beginning of 2021
[2] Peers: WY, WFG, BCC, UFPI, BLDR. See LPX Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/10/2026 (YTD)

Event	LPX	S&P 500
2025 US Tariff Shock
% Loss	-19.8%	-18.8%
% Gain to Breakeven	24.7%	23.1%
Time to Breakeven	127 days	79 days
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-33.7%	-9.5%
% Gain to Breakeven	50.8%	10.5%
Time to Breakeven	129 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-21.2%	-6.7%
% Gain to Breakeven	27.0%	7.1%
Time to Breakeven	78 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-37.3%	-24.5%
% Gain to Breakeven	59.5%	32.4%
Time to Breakeven	289 days	427 days
2020 COVID-19 Crash
% Loss	-58.5%	-33.7%
% Gain to Breakeven	141.2%	50.9%
Time to Breakeven	138 days	140 days
Q4 2018 Fed Policy Error / Growth Scare
% Loss	-18.3%	-19.2%
% Gain to Breakeven	22.4%	23.8%
Time to Breakeven	55 days	105 days

Compare to WY, WFG, BCC, UFPI, BLDR

In The Past

Louisiana-Pacific's stock fell -19.8% during the 2025 US Tariff Shock. Such a loss loss requires a 24.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Event	LPX	S&P 500
Summer-Fall 2023 Five Percent Yield Shock
% Loss	-33.7%	-9.5%
% Gain to Breakeven	50.8%	10.5%
Time to Breakeven	129 days	24 days
2023 SVB Regional Banking Crisis
% Loss	-21.2%	-6.7%
% Gain to Breakeven	27.0%	7.1%
Time to Breakeven	78 days	31 days
2022 Inflation Shock & Fed Tightening
% Loss	-37.3%	-24.5%
% Gain to Breakeven	59.5%	32.4%
Time to Breakeven	289 days	427 days
2020 COVID-19 Crash
% Loss	-58.5%	-33.7%
% Gain to Breakeven	141.2%	50.9%
Time to Breakeven	138 days	140 days
2011 US Debt Ceiling Crisis & European Contagion
% Loss	-43.5%	-17.9%
% Gain to Breakeven	76.9%	21.8%
Time to Breakeven	87 days	123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
% Loss	-47.9%	-15.4%
% Gain to Breakeven	92.1%	18.2%
Time to Breakeven	771 days	125 days
2008-2009 Global Financial Crisis
% Loss	-91.5%	-53.4%
% Gain to Breakeven	1075.1%	114.4%
Time to Breakeven	1281 days	1085 days

Compare to WY, WFG, BCC, UFPI, BLDR

In The Past

Louisiana-Pacific's stock fell -19.8% during the 2025 US Tariff Shock. Such a loss loss requires a 24.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Louisiana-Pacific (LPX)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

Louisiana-Pacific Corporation (LPX) is a prominent manufacturer and marketer of building products, primarily catering to the new home construction, repair and remodeling, and outdoor structure markets. The company provides a wide array of engineered wood products essential for various stages of building, from structural components to exterior finishes, playing a key role in modern construction practices.

The company operates through four main segments: Siding, Oriented Strand Board (OSB), Engineered Wood Products (EWP), and South America. Its Siding segment offers well-known brands like LP SmartSide and LP BuilderSeries, providing durable engineered wood siding and trim products. The OSB segment manufactures critical structural panels, including LP TechShield radiant barriers and LP Legacy sub-flooring. The EWP segment specializes in high-performance components such as laminated veneer lumber and LP SolidStart I-joists, which are widely used in residential and commercial floorings, roofing systems, and other structural applications. The South America segment focuses on manufacturing and distributing OSB and siding products specifically tailored for that region's construction needs, including supporting the transition to wood frame construction.

Louisiana-Pacific sells its diverse product portfolio globally, serving key markets across North America, South America, Asia, Australia, and Europe. Its primary customers include a broad spectrum of businesses such as retailers, wholesalers, homebuilding companies, and various industrial businesses, ensuring its materials are utilized in a wide range of construction and remodeling projects worldwide.

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Here are 1-2 brief analogies for Louisiana-Pacific (LPX):

The Intel of the housing industry, providing essential engineered components like siding, sub-flooring, and structural beams that homes are built with.
Magna International for homebuilding, supplying a broad range of specialized engineered wood products and building materials to construction companies.

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LP SmartSide Siding and Trim: Engineered wood siding, trim, soffit, and fascia products, including pre-finished options.
Oriented Strand Board (OSB) Structural Panels: Basic OSB panels used for sheathing, sub-flooring, and general construction applications.
Specialized OSB Products: This category includes advanced OSB panels like LP TechShield (radiant barriers), LP WeatherLogic (air and water barriers), and LP FlameBlock (fire-rated sheathing).
LP SolidStart I-Joists: Engineered wood I-joists primarily used in residential and commercial flooring and roofing systems.
Laminated Veneer Lumber (LVL): Engineered wood products often used as beams and headers in structural applications.

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Based on the provided background, Louisiana-Pacific (LPX) sells its products primarily to other businesses rather than directly to individuals. While specific company names of its major customers are not provided in the background description, the company primarily sells to the following types of businesses:

Retailers
Wholesalers
Homebuilding businesses
Industrial businesses

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Brad Southern, Chief Executive Officer

Brad Southern has served as Chief Executive Officer of Louisiana-Pacific since July 2017 and Chairperson of the Board since May 2020. He joined LP in 1999 and has held various leadership roles within the company, including Executive Vice President and Chief Operating Officer, Executive Vice President and General Manager of OSB, Senior Vice President of Siding, and Vice President of Specialty Operations. Before joining Louisiana-Pacific, Mr. Southern spent 15 years at MacMillan Bloedel, where he began his career as a forester and held various positions in forestry, strategic planning, finance, accounting, and plant management. He holds a Bachelor of Science and a Master of Science in Forest Resources from the University of Georgia.

Alan Haughie, Executive Vice President, Chief Financial Officer

Alan Haughie was named Executive Vice President and Chief Financial Officer of Louisiana-Pacific in January 2019. Prior to joining LP, he served as Senior Vice President and CFO of ServiceMaster Global Holdings Inc. from 2013 to 2017, where he played a key role in the company's initial public offering and a $2.4 billion debt refinancing. Before ServiceMaster, Mr. Haughie spent 19 years at Federal-Mogul Corp., a global automotive components supplier, where his roles included Senior Vice President and CFO, Vice President, Controller and Chief Accounting Officer, and Director of Financial Planning and Analysis. He is a chartered accountant and holds a Bachelor of Science with Honors in Mathematics from the University of Manchester.

Jason Ringblom, President

Jason Ringblom was appointed President in April 2025, having a tenure of less than a year as of March 2026. Prior to this, he served as Executive Vice President and General Manager of the OSB business, a role he took on in January 2017 after serving as Vice President of OSB Sales and Marketing.

Tony Hamill, Senior Vice President, Chief Operating Officer

Tony Hamill holds the position of Senior Vice President, Chief Operating Officer at Louisiana-Pacific.

Robin Everhart, SVP, CHRO and Transformation Officer

Robin Everhart serves as the Senior Vice President, Chief Human Resources Officer and Transformation Officer for Louisiana-Pacific.

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The key risks to Louisiana-Pacific (LPX) primarily stem from the cyclical nature of its core markets, volatility in commodity pricing, and exposure to fluctuating interest rates.

Cyclicality and Volatility of the Housing and Construction Markets: Louisiana-Pacific's business is heavily dependent on the health of new home construction, repair and remodeling, and outdoor structure markets. These sectors are highly sensitive to broader economic conditions, including interest rates and consumer confidence. A downturn in housing starts or a decline in remodeling activity could significantly reduce demand for the company's building products, adversely affecting its financial performance.
Fluctuations in Raw Material Costs and Commodity Product Pricing: The company's profitability is susceptible to increases in the costs of raw materials, such as wood fiber and resins, and energy prices. Additionally, Louisiana-Pacific has a significant concentration in Oriented Strand Board (OSB), which is a commodity product. Its prices are influenced by external factors like industry capacity and supply-demand trends. Fluctuations in OSB prices directly impact the company's revenue and profitability.
Exposure to Rising Interest Rates: Louisiana-Pacific is exposed to interest rate volatility because borrowings under its Amended Credit Facility are priced on variable benchmarks. As market rates or credit spreads rise, the company's interest expense could materially increase, putting pressure on its cash flows, profitability, and debt covenants.

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Louisiana-Pacific Corporation (LPX) operates in the building products industry, manufacturing and marketing a range of products primarily for new home construction, repair, remodeling, and outdoor structure markets. The addressable markets for its main products across North and South America are substantial.

North America

Siding: The North American siding market was approximately USD 27.93 billion in 2024. This market includes various materials, with vinyl and fiber cement being prominent. Louisiana-Pacific offers engineered wood siding products like LP SmartSide.
Oriented Strand Board (OSB): The North American Oriented Strand Board (OSB) market size was valued at approximately USD 9.81 billion in 2024. North America is a significant player in the global OSB market, driven by construction activities and demand for cost-effective building materials. The market is projected to reach US$19.92 billion by 2029.
Engineered Wood Products (EWP): The broader North American engineered wood market was valued at more than USD 66 billion in 2023. This category includes various products like laminated veneer lumber (LVL) and I-joists. North America holds a significant share of the global engineered wood market.
I-joists (a sub-segment of EWP): The North American I-joist market was estimated to be around USD 2.08 billion in 2025. North America is expected to dominate the I-joist market, driven by a robust construction industry and demand for efficient structural solutions.

South America

Oriented Strand Board (OSB): The Latin American Oriented Strand Board (OSB) market was valued at approximately USD 1.23 billion in 2024. This market is projected to grow due to increasing demand in the region.
Siding: The Latin American siding market generated an estimated revenue of approximately USD 2.79 billion in 2024.
Engineered Wood Products: The South America Engineered Wood market is anticipated to reach a market size of more than USD 29 billion by 2029. This growth is driven by urbanization and increased construction activities, with a growing emphasis on sustainable and eco-friendly building materials. The Latin America timber construction market, which includes engineered wood, generated a revenue of USD 1.35 billion in 2024.

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Louisiana-Pacific (LPX) is expected to drive future revenue growth over the next two to three years through several key strategies, primarily focusing on its Siding segment and an anticipated recovery in the broader housing market.

Here are the 3-5 expected drivers of future revenue growth:

Continued Growth and Market Share Expansion of the Siding Segment, particularly LP SmartSide ExpertFinish products: The Siding segment consistently performs as LPX's core long-term growth engine, with products like ExpertFinish experiencing significant volume increases, such as a 35% jump in Q4 2025. This growth is anticipated to be fueled by ongoing market share gains and strategic initiatives to enhance the premium product mix.
Strategic Pricing and Premium Product Mix in Siding: LPX has demonstrated pricing power within its Siding segment, contributing to both revenue growth and margin expansion. The focus on higher-value products, such as ExpertFinish, allows the company to realize better net selling prices, which is a key component of its Siding growth strategy.
Expansion of Siding Production Capacity: To meet the growing demand for its SmartSide and ExpertFinish products, Louisiana-Pacific is investing in capacity expansions, including plans for new facilities and enhancements to existing ones. These strategic capital expenditures are aimed at increasing production volumes and supporting market penetration, particularly in regions like the Northeastern U.S.
Recovery and Normalization of the Housing Market: Although facing near-term challenges with decelerating housing starts and elevated channel inventories in early 2026, LPX anticipates a rebound in overall housing activity and repair and remodel demand. A normalization and improvement in these key demand indicators are expected to positively impact sales volumes across the company's building product portfolio.
Growth in Value-Added Oriented Strand Board (OSB) Products: Despite volatility in the commodity OSB market, LPX is focused on driving growth in its differentiated, value-added OSB products. Offerings like LP FlameBlock fire-rated sheathing and LP Legacy premium sub-flooring provide enhanced performance, which can contribute to more stable revenue streams and potentially higher margins within the OSB segment.

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Share Repurchases

Louisiana-Pacific returned $139 million to shareholders in 2025.
The company repurchased $61 million of its common stock in 2025, with $177 million remaining under the existing share repurchase authorization.
A share buyback plan announced on May 8, 2024, resulted in the repurchase of 673,625 shares for $73.13 million.

Share Issuance

The number of common shares outstanding declined by 1.41% in 2025 compared to 2024, reaching 70 million shares as of December 31, 2025.

Outbound Investments

In August 2022, Louisiana-Pacific sold its Engineered Wood Products (EWP) segment assets for $217 million in gross cash proceeds.
In March 2022, the company sold its 50% equity interest in two I-joist joint ventures for $59 million.

Capital Expenditures

Capital expenditures totaled $291 million in 2025.
Louisiana-Pacific anticipates investing approximately $400 million in capital expenditures in 2026, evenly split between strategic growth and sustaining maintenance projects.
Strategic investments in capital expenditures are primarily focused on the Siding segment, including siding conversion and growth initiatives, such as a new 70-million-foot Siding line in Green Bay expected to come online in early Q2 2026.

Interactive Breakdown

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Microsoft

AAPL (2.9%)

Apple

Best Bets in Industrials

What You Pay

P/EBIT (Value for LPX: 50.8x)

GATX (7.4x)

GATX

AGX (23.4x)

Argan

ALSN (11.1x)

Allison Transmission

VRT (28.2x)

Vertiv

MLI (10.4x)

Mueller Industries

STRL (11.1x)

Sterling Infrastructure

GE (29.8x)

GE Aerospace

PBI (5.9x)

Pitney Bowes

HON (5.1x)

Honeywell International

FIX (18.4x)

Comfort Systems USA

P/E (Value for LPX: 77.8x)

GATX (16.9x)

GATX

AGX (23.8x)

Argan

ALSN (17.9x)

Allison Transmission

VRT (35.6x)

Vertiv

MLI (13.8x)

Mueller Industries

STRL (16.0x)

Sterling Infrastructure

GE (38.4x)

GE Aerospace

PBI (11.4x)

Pitney Bowes

HON (10.3x)

Honeywell International

FIX (23.8x)

Comfort Systems USA

What You Get

Rev Chg 3Y Avg (Value for LPX: -1.3%)

GATX (17.7%)

GATX

AGX (35.4%)

Argan

ALSN (24.7%)

Allison Transmission

VRT (25.7%)

Vertiv

MLI (12.3%)

Mueller Industries

STRL (36.0%)

Sterling Infrastructure

GE (40.1%)

GE Aerospace

PBI (-1.7%)

Pitney Bowes

HON (12.7%)

Honeywell International

FIX (36.5%)

Comfort Systems USA

Rev Chg LTM (Value for LPX: -11.6%)

GATX (29.7%)

GATX

AGX (29.0%)

Argan

ALSN (70.8%)

Allison Transmission

VRT (35.3%)

Vertiv

MLI (20.8%)

Mueller Industries

STRL (93.1%)

Sterling Infrastructure

GE (19.6%)

GE Aerospace

PBI (-3.5%)

Pitney Bowes

HON (58.0%)

Honeywell International

FIX (50.7%)

Comfort Systems USA

Rev Chg Q (Value for LPX: 4.2%)

GATX (36.1%)

GATX

AGX (61.5%)

Argan

ALSN (121.4%)

Allison Transmission

VRT (61.2%)

Vertiv

MLI (31.6%)

Mueller Industries

STRL (127.0%)

Sterling Infrastructure

GE (15.9%)

GE Aerospace

PBI (-0.8%)

Pitney Bowes

HON (1.3%)

Honeywell International

FIX (53.7%)

Comfort Systems USA

FCF/Rev 3Y Avg (Value for LPX: 7.5%)

GATX (38.1%)

GATX

AGX (28.3%)

Argan

ALSN (19.5%)

Allison Transmission

VRT (17.4%)

Vertiv

MLI (15.8%)

Mueller Industries

STRL (15.2%)

Sterling Infrastructure

GE (14.9%)

GE Aerospace

PBI (14.8%)

Pitney Bowes

HON (13.8%)

Honeywell International

FIX (13.3%)

Comfort Systems USA

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Peer Outperformance in Building Products

LPX has outperformed 55% of its 33 Building Products peers over 5Y. Among the peers that beat it is GFF. Building Products ranks 9th of 23 industries in Industrials by median 5Y return.

Share of Building Products constituents that LPX has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.

57%

of 37 industry peers · -0.1% return

60%

of 35 industry peers · 34.3% return

55%

of 33 industry peers · 25.7% return

Building Products peers with revenue growth within 4pp of LPX's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.

Ticker	Name	Rev Growth 3Y Avg	P/E	1Y	3Y	5Y	5Y Gap
LPX	Louisiana-Pacific	-1.3%	77.8x	-0.1%	34.3%	25.7%	—
GFF	Griffon	1.6%	25.6x	46.4%	144.9%	351.7%	+326pp

Price returns, excluding dividends. P/E shown for context only and not used for matching.

Median price return by industry across the Industrials sector, ranked by 5Y. Building Products is LPX's own industry. Use this to see which corners of the sector have carried the returns.

Industry	Names	1Y med	3Y med	5Y med	Top 3 by 5Y
Construction & Engineering	28	-15.0%	99.1%	112.8%	FIX 1049% · STRL 915% · AGX 632%
Marine Transportation	5	27.7%	30.8%	110.4%	MATX 143% · KEX 114%
Construction Machinery & Heavy Transportation Equipment	14	12.9%	68.3%	100.2%	ALSN 273% · WAB 224% · CAT 207%
Aerospace & Defense	54	3.3%	60.2%	63.1%	ATI 959% · FTAI 919% · HWM 588%
Industrial Machinery & Supplies & Components	71	4.2%	53.3%	34.7%	CRS 852% · MLI 303% · SYM 276%
Rail Transportation	7	37.1%	73.5%	29.3%	CSX 54% · UNP 39% · NSC 29%
Trading Companies & Distributors	19	11.1%	36.8%	27.9%	DXPE 340% · URI 203% · AIT 200%
Diversified Support Services	34	14.3%	46.9%	21.6%	CXW 198% · OPLN 139% · CACI 128%
Building Products ←	34	-3.6%	10.7%	19.0%	MOD 792% · GFF 352% · TT 137%
Cargo Ground Transportation	16	35.3%	17.4%	6.7%	XPO 306% · R 270% · ARCB 29%
Office Services & Supplies	10	18.3%	24.5%	0.0%	PBI 151% · HNI 45% · MSA 21%
Industrial Conglomerates	17	17.6%	11.1%	-3.7%	CSW 105% · DD 80% · CSL 78%
Electrical Components & Equipment	39	-5.6%	61.1%	-5.6%	POWL 1500% · VRT 632% · BE 461%
Data Processing & Outsourced Services	6	-7.1%	3.2%	-11.9%	EXLS 65% · BR 18% · G -7%
Research & Consulting Services	13	0.4%	-13.7%	-23.7%	HURN 216% · FCN 38% · BAH 9%
Agricultural & Farm Machinery	16	13.3%	-2.4%	-25.1%	DE 108% · TTC 15% · AGCO 7%
Environmental & Facilities Services	29	-19.1%	30.5%	-26.3%	GEO 249% · CLH 169% · RSG 96%
Passenger Airlines	11	11.7%	83.0%	-27.8%	LTM 3364% · UAL 133% · DAL 119%
Security & Alarm Services	9	-44.1%	42.7%	-29.7%	BCO 89%
Air Freight & Logistics	12	-30.0%	-5.6%	-39.4%	FDX 77% · EXPD 60% · CHRW 56%
Human Resource & Employment Services	22	24.1%	-13.6%	-39.8%	ADP 49% · FA 17% · PAYX 11%
Passenger Ground Transportation	3	-25.6%	35.8%	-48.6%	UBER 61% · CAR -49% · LYFT -69%
Airport Services	4	-39.0%	-57.3%	-82.7%	JOBY -36%

Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

	Title	Date
0	DASHBOARDS
1	Louisiana-Pacific Earnings Notes	12/29/2026
2	Can Louisiana-Pacific Stock Recover If Markets Fall?	10/17/2025
3	Louisiana-Pacific vs T-Mobile US: Which Is A Better Investment?	08/18/2025
4	Louisiana-Pacific vs Newmont: Which Is A Better Investment?	08/18/2025
5	How Does Louisiana-Pacific Stock Stack Up Against Its Peers?	08/13/2025
6	Better Bet Than LPX Stock: Pay Less Than Louisiana-Pacific To Get More From OKE, CCL	08/12/2025
7	Better Bet Than LPX Stock: Pay Less Than Louisiana-Pacific To Get More From AA	08/12/2025
8	LPX Dip Buy Analysis	07/10/2025

	Title
0	ARTICLES

Trade Ideas

Select ideas related to LPX.

null

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
AMRC	Ameresco	1.5	23.0%	-5.7%
AAON	AAON	6.2	19.3%	-1.3%
BW	Babcock & Wilcox Enterprises	0.6	18.2%	-29.3%
CSQR	Csquare	2.7	14.7%	-15.2%
ACAD	Acadia Pharmaceuticals	3.1	10.8%	-31.6%
CHTR	Charter Communications	16.1	10.6%	-35.8%
MARA	MARA	2.8	10.5%	-18.3%
HROW	Harrow	1.1	10.5%	-38.0%
CBL	CBL & Associates Properties	1.6	9.4%	47.8%
LUMN	Lumen Technologies	4.7	9.0%	-39.4%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
EMAT	Evolution Metals & Technologies	0.8	-44.0%	-94.3%
APPS	Digital Turbine	0.9	-35.8%	45.0%
GRPN	Groupon	0.5	-23.0%	-29.0%
PAYS	PaySign	0.6	-18.9%	96.9%
JBI	Janus International	0.5	-17.9%	-40.2%
HIMS	Hims & Hers Health	4.4	-16.6%	-41.1%
WGS	GeneDx	1.6	-16.6%	-57.8%
MUX	McEwen	0.8	-16.5%	-26.8%
EQPT	EquipmentShare.com	3.4	-16.5%	-58.4%
BTGO	BitGo	0.5	-16.3%	-76.9%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
APP	AppLovin	132.8	61.1%	-41.3%
ARDT	Ardent Health	2.5	53.1%	103.1%
XERS	Xeris Biopharma	2.7	52.9%	101.7%
ONT	Onterris	0.8	50.8%	-4.7%
CRCT	Cricut	1.8	45.2%	82.9%
VCEL	Vericel	3.0	43.7%	63.9%
DCTH	Delcath Systems	0.7	39.6%	99.0%
FLY	Firefly Aerospace	3.8	39.3%	5.9%
IRWD	Ironwood Pharmaceuticals	0.8	37.4%	42.7%
AEVA	Aeva Technologies	0.8	37.2%	-7.6%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
VCYT	Veracyte	1.9	-52.2%	-42.9%
MNTN	MNTN	0.4	-49.6%	-59.0%
PRAA	PRA	0.5	-39.8%	-32.4%
NRIX	Nurix Therapeutics	1.8	-38.5%	-16.3%
AESI	Atlas Energy Solutions	0.7	-34.2%	-43.1%
SNDX	Syndax Pharmaceuticals	0.8	-33.6%	-54.8%
PAYS	PaySign	0.6	-33.0%	96.9%
JANX	Janux Therapeutics	0.8	-32.4%	-12.8%
IRTC	iRhythm	2.8	-31.9%	-51.5%
PCT	PureCycle Technologies	0.4	-31.7%	-75.2%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
SGRY	Surgery Partners	3.4	87.7%	73.0%
LQDA	Liquidia	4.6	85.8%	49.0%
GDYN	Grid Dynamics	1.1	79.3%	55.7%
ONT	Onterris	0.8	78.4%	-4.7%
REPL	Replimune	2.4	78.1%	139.5%
VRDN	Viridian Therapeutics	3.3	68.6%	-0.8%
ULH	Universal Logistics	0.8	67.0%	96.6%
UPBD	Upbound	1.4	60.1%	50.3%
BRZE	Braze	5.1	59.1%	34.8%
DGICB	Donegal	1.0	58.6%	60.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
AESI	Atlas Energy Solutions	0.7	-55.2%	-43.1%
FRMI	Fermi	1.0	-52.6%	-80.8%
AAOI	Applied Optoelectronics	3.9	-52.0%	38.6%
MNTN	MNTN	0.4	-50.5%	-59.0%
CIFR	Cipher Digital	2.7	-49.8%	-55.8%
DJT	Trump Media & Technology	1.2	-46.3%	-67.7%
VCYT	Veracyte	1.9	-45.3%	-42.9%
TH	Target Hospitality	1.0	-45.3%	28.6%
IOVA	Iovance Biotherapeutics	3.6	-44.5%	196.0%
PENG	Penguin Solutions	2.5	-43.6%	128.2%

Peer Comparisons

Peers to compare with:

Financials

	LPX	WY	WFG	BCC	UFPI	BLDR	Median
Name	Louisian.	Weyerhae.	West Fra.	Boise Ca.	UFP Indu.	Builders.
Mkt Price	75.53	20.65	67.29	70.83	80.69	62.94	69.06
Mkt Cap	5.3	14.9	5.3	2.5	4.3	6.8	5.3
Rev LTM	2,496	6,997	5,296	6,592	6,407	14,362	6,500
Op Inc LTM	116	458	-597	184	290	306	237
FCF LTM	30	-13	-428	133	195	251	82
FCF 3Y Avg	215	47	-107	109	332	1,001	162
CFO LTM	281	530	-78	277	381	497	331
CFO 3Y Avg	453	834	315	335	557	1,334	505

Growth & Margins

	LPX	WY	WFG	BCC	UFPI	BLDR	Median
Name	Louisian.	Weyerhae.	West Fra.	Boise Ca.	UFP Indu.	Builders.
Rev Chg LTM	-11.6%	-1.1%	-7.1%	1.2%	-0.7%	-8.3%	-4.1%
Rev Chg 3Y Avg	-1.3%	-3.2%	-6.8%	-1.1%	-5.5%	-6.0%	-4.3%
Rev Chg Q	4.2%	8.4%	4.3%	8.1%	11.1%	-2.2%	6.2%
QoQ Delta Rev Chg LTM	1.1%	2.1%	1.1%	2.1%	2.8%	-0.6%	1.6%
Op Inc Chg LTM	-65.9%	-23.0%	-136.0%	-29.4%	-26.6%	-70.3%	-47.7%
Op Inc Chg 3Y Avg	-6.4%	-26.8%	-141.4%	-33.5%	-25.5%	-44.0%	-30.2%
Op Mgn LTM	4.6%	6.5%	-11.3%	2.8%	4.5%	2.1%	3.7%
Op Mgn 3Y Avg	11.9%	8.5%	-4.9%	4.8%	6.2%	6.4%	6.3%
QoQ Delta Op Mgn LTM	0.1%	0.4%	3.7%	0.3%	-0.5%	-0.9%	0.2%
CFO/Rev LTM	11.3%	7.6%	-1.5%	4.2%	5.9%	3.5%	5.1%
CFO/Rev 3Y Avg	16.2%	11.7%	5.2%	5.0%	8.5%	8.3%	8.4%
FCF/Rev LTM	1.2%	-0.2%	-8.1%	2.0%	3.0%	1.7%	1.5%
FCF/Rev 3Y Avg	7.5%	0.6%	-2.1%	1.6%	5.1%	6.2%	3.3%

Valuation

	LPX	WY	WFG	BCC	UFPI	BLDR	Median
Name	Louisian.	Weyerhae.	West Fra.	Boise Ca.	UFP Indu.	Builders.
Mkt Cap	5.3	14.9	5.3	2.5	4.3	6.8	5.3
P/S	2.1	2.1	1.0	0.4	0.7	0.5	0.8
P/Op Inc	45.6	32.5	-8.8	13.5	14.7	22.1	18.4
P/EBIT	50.8	23.6	-4.1	12.7	13.0	22.1	17.6
P/E	77.7	32.9	-4.9	20.6	18.4	166.9	26.7
P/CFO	18.8	28.1	-67.6	8.9	11.2	13.6	12.4
Total Yield	2.9%	7.1%	-18.6%	6.3%	7.3%	0.6%	4.6%
Dividend Yield	1.6%	4.1%	1.9%	1.4%	1.9%	0.0%	1.7%
FCF Yield 3Y Avg	3.1%	0.1%	-2.1%	2.5%	5.6%	6.5%	2.8%
D/E	0.1	0.4	0.1	0.2	0.1	0.8	0.2
Net D/E	0.0	0.3	0.1	0.1	-0.1	0.8	0.1

Returns

	LPX	WY	WFG	BCC	UFPI	BLDR	Median
Name	Louisian.	Weyerhae.	West Fra.	Boise Ca.	UFP Indu.	Builders.
1M Rtn	15.0%	8.1%	4.7%	-3.7%	8.7%	19.1%	8.4%
3M Rtn	0.4%	-16.7%	-5.5%	-16.9%	-12.7%	-16.2%	-14.4%
6M Rtn	6.1%	-10.4%	12.2%	4.9%	-1.1%	-13.5%	1.9%
12M Rtn	-0.1%	-5.6%	18.3%	2.6%	-10.4%	-41.2%	-2.9%
3Y Rtn	34.2%	-24.7%	-3.3%	-25.0%	-18.5%	-49.4%	-21.6%
1M Excs Rtn	17.8%	12.3%	8.6%	-0.2%	9.9%	24.0%	11.1%
3M Excs Rtn	5.5%	-13.3%	-1.1%	-13.1%	-9.1%	-10.5%	-9.8%
6M Excs Rtn	4.1%	-12.4%	10.2%	2.9%	-3.1%	-15.5%	-0.1%
12M Excs Rtn	-14.5%	-19.5%	4.1%	-10.8%	-23.1%	-54.7%	-17.0%
3Y Excs Rtn	-40.4%	-100.3%	-77.9%	-98.0%	-92.1%	-123.6%	-95.0%

Comparison Analyses

	Title
0	How Does Louisiana-Pacific Stock Stack Up Against Its Peers?
1	Louisiana vs. Woodward: With Return Forecast Of 73%, Woodward Is A Better Bet
2	Louisiana vs. Polaris Industries: With Return Forecast Of 37%, Polaris Industries Is A Better Bet
3	Louisiana vs. MasTec: With Return Forecast Of 32%, Louisiana Is A Better Bet
4	Louisiana vs. Workday: With Return Forecast Of 37%, Workday Is A Better Bet
5	Louisiana vs. Synopsys: With Return Forecast Of 11%, Synopsys Is A Better Bet
6	Louisiana vs. Transdigm Group: With Return Forecast Of 50%, Transdigm Group Is A Better Bet
7	Louisiana vs. New York Times: Similar Market Cap, But New York Times Is A Better Bet
8	Louisiana vs. Neutral Tandem: Similar Market Cap, But Neutral Tandem Is A Better Bet
9	Louisiana vs. Colfax: Similar Market Cap, But Colfax Is A Better Bet

FDIC Bank Data

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2025	2024	2023	2022	2021	2020
Period End	9/30/2026	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Filing Date	11/3/2026	2/17/2026	2/19/2025	2/14/2024	2/21/2023	2/22/2022	2/18/2021
Key Financials
Total Revenue	2,496	2,708	2,941	2,581	3,854	3,915	2,788
Gross Profit	430	589	832	593	1,498	1,963	867
EBITDA	258	354	686	380	1,296	1,831	749
Operating Income	116	259	538	335	1,242	1,739	665
Net Income	68	146	420	178	1,086	1,377	499
EPS	0.99	2.09	5.91	2.47	13.94	14.19	4.48
Growth Rates
Total Revenue Growth	-11.6%	-7.9%	13.9%	-33.0%	-1.6%	40.4%	20.7%
EBITDA Growth	-41.8%	-48.4%	80.5%	-70.7%	-29.2%	144.5%	540.2%
Operating Income Growth	-65.9%	-51.9%	60.6%	-73.0%	-28.6%	161.5%	691.7%
Net Income Growth	-68.5%	-65.2%	136.0%	-83.6%	-21.1%	176.0%	10080.0%
Margins
Gross Margin	17.2%	21.8%	28.3%	23.0%	38.9%	50.1%	31.1%
EBITDA Margin	10.3%	13.1%	23.3%	14.7%	33.6%	46.8%	26.9%
Operating Income Margin	4.6%	9.6%	18.3%	13.0%	32.2%	44.4%	23.9%
Net Income Margin	2.7%	5.4%	14.3%	6.9%	28.2%	35.2%	17.9%
Cash & Debt
Total Cash	265	292	340	222	369	358	535
Total Debt	377	379	380	378	395	397	389
Net Debt / (Cash)	112	87	40	156	26	39	-146
Cash Flows & CapEx
Net Cash from Operations	281	382	605	316	1,144	1,484	659
Total CapEx	-251	-291	-183	-300	-414	-254	-77
Free Cash from Operations	30	91	422	16	730	1,230	582
Returns to Shareholders
Dividends	83	78	74	69	69	66	65
Share Repurchases	-0	61	212	-0	900	1,300	200
Share Count
Basic Shares (Wtd Avg, Mil)		70.0	71.0	72.0	78.0	97.0	111.0
Diluted Shares (Wtd Avg, Mil)		70.0	71.0	72.0	78.0	98.0	112.0

$ Mil \| FY: 12/31	2026Q3	2026Q2	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4
Period End	9/30/2026	6/30/2026	3/31/2026	12/31/2025	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023
Filing Date	11/3/2026	8/5/2026	5/6/2026	2/17/2026	11/5/2025	8/6/2025	5/6/2025	2/19/2025	11/5/2024	8/7/2024	5/8/2024	2/14/2024
Key Financials Quarterly
Total Revenue	691	664	574	567	663	755	724	680	722	814	724	658
Ebitda	73	77	78	30	58	112	154	119	148	236	183	101
Operating Income	38	36	38	4	33	101	122	84	118	195	145	93
Net Income	23	26	27	-8	9	54	91	62	90	160	108	59
EPS	0.33	0.38	0.39	-0.11	0.13	0.77	1.30	0.89	1.28	2.23	1.49	0.81
Key Financials TTM
Total Revenue TTM	2,496	2,468	2,559	2,709	2,822	2,881	2,940	2,940	2,918	2,924	2,721	2,581
Ebitda TTM	258	243	278	354	443	533	657	686	668	714	509	380
Operating Income TTM	116	111	176	260	340	425	519	542	551	590	445	326
Net Income TTM	68	54	82	146	216	297	403	420	417	445	265	178
Growth Rates Quarterly
Total Revenue Growth	4.2%	-12.1%	-20.7%	-16.6%	-8.2%	-7.2%	0.0%	3.3%	-0.8%	33.2%	24.0%	-6.7%
EBITDA Growth	25.9%	-31.2%	-49.4%	-74.8%	-60.8%	-52.5%	-15.8%	17.8%	-23.7%	661.3%	238.9%	910.0%
Operating Income Growth	15.2%	-64.4%	-68.9%	-95.2%	-72.0%	-48.2%	-15.9%	-9.7%	-24.8%	290.0%	457.7%	43.1%
Net Income Growth	155.6%	-51.9%	-70.3%	-112.9%	-90.0%	-66.2%	-15.7%	5.1%	-23.7%	900.0%	414.3%	837.5%
Margins Quarterly
EBITDA Margin	10.6%	11.6%	13.6%	5.3%	8.7%	14.8%	21.3%	17.5%	20.5%	29.0%	25.3%	15.3%
Operating Income Margin	5.5%	5.4%	6.6%	0.7%	5.0%	13.4%	16.9%	12.4%	16.3%	24.0%	20.0%	14.1%
Net Income Margin	3.3%	3.9%	4.7%	-1.4%	1.4%	7.2%	12.6%	9.1%	12.5%	19.7%	14.9%	9.0%
Cash & Debt
Total Cash	265	228	164	292	316	333	256	340	346	317	244	222
Total Debt	377	377	378	379	378	378	379	380	372	370	371	378
Net Debt / (Cash)	112	149	214	87	62	45	123	40	26	53	127	156
Cash Flows Quarterly
Net Cash from Operations	112	140	-38	67	89	162	64	105	183	212	105	159
Total CapEx	-56	-59	-61	-75	-84	-68	-64	-62	-44	-36	-41	-64
Free Cash from Operations	56	81	-99	-8	5	94	0	43	139	176	64	95
Cash Flows TTM
Net Cash from Operations TTM	281	258	280	382	420	514	564	605	659	663	540	316
Total CapEx TTM	-251	-279	-288	-291	-278	-238	-206	-183	-185	-189	-227	-300
Free Cash from Operations TTM	30	-21	-8	91	142	276	358	422	474	474	313	16
Returns to Shareholders Quarterly
Dividends	21	21	21	20	19	19	20	18	19	18	19	17
Share Repurchases	-0	-0	-0	-0	-0	-0	61	24	73	102	13	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	96.3%	73.9%	53.3%	12.3%	106.5%	664.1%	307.8%	612.7%	1445.9%	1083.6%	330.2%	209.1%
Return on Invested Capital (ROIC) TTM
ROIC TTM	78.0%	52.9%	58.6%	222.2%	403.8%	722.4%	319.5%	1008.2%	1616.6%	830.1%	243.0%	146.4%
Share Count
Basic Shares (Wtd Avg, Mil)	70.0	70.0	70.0	70.0	70.0	70.0	70.0	71.0	70.0	72.0	72.0	72.0
Diluted Shares (Wtd Avg, Mil)	70.0	70.0	70.0	70.0	70.0	70.0	70.0	71.0	71.0	72.0	72.0	72.0

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Siding	1,689	1,558	1,328	1,469	1,170
Oriented Strand Board (OSB)	832	1,184	1,026	2,062	2,387
Other Adjusted EBITDA	187	199	227
Louisiana-Pacific South America (LPSA)				241	265
Other				81	95
Intersegment Sales					-3
Total	2,708	2,941	2,581	3,853	3,914

Operating Income by Segment

$ Mil	2025	2024	2017	2016	2015
Siding	444	390	187	126	93
Oriented Strand Board (OSB)	7	298	426	186
Product-line discontinuance charges	-2
Other operating credits and charges, net	-6		-8	-17
Other non-operating (expense) income	-15	-5
Stock-based compensation expense	-30	-20
Loss on impairment	-44	-8
Depreciation and amortization	-145	-126
Louisiana-Pacific South America (LPSA)		42	24	17	10
Other		-42	-3	-2	-3
Engineered Wood Products (EWP)			15	-6
Gain (loss) on sales of and impairments of long-lived assets			-7	8
General corporate and other expense, net			-110	-104
Equity in income of unconsolidated affiliates				-5
Engineered Wood Products					-13
OSB					-46
intersegment sales					-104
Total	209	529	523	204	-63

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Siding	1,419	1,307	1,291	1,045	705
Other	677	696	11	74	86
Oriented Strand Board (OSB)	531	553	526	491	521
Louisiana-Pacific South America (LPSA)			165	151	118
Non-segment related			444	589	643
Engineered Wood Products (EWP)					121
Total	2,627	2,556	2,437	2,350	2,194

Price Behavior

Price Behavior

Market Price	$75.53
Market Cap ($ Bil)	5.3
First Trading Date	01/04/1982
Distance from 52W High	-22.5%
	50 Days	200 Days
DMA Price	$69.09	$74.25
DMA Trend	down	down
Distance from DMA	9.3%	1.7%
	3M	1YR
Volatility	36.6%	42.0%
Downside Capture	60.07	117.88
Upside Capture	103.85	103.84
Correlation (S&P 500)	30.4%	36.4%

LPX Betas & Captures as of 10/31/2026

	1M	2M	3M	6M	1Y	3Y
Beta	-0.13	0.29	0.79	0.99	1.10	1.05
Up Beta	-2.61	-0.91	0.78	0.84	1.56	1.14
Down Beta	-0.19	-0.12	-0.27	1.17	1.00	0.84
Up Capture	121%	76%	109%	95%	72%	114%
Bmk +ve Days	12	18	28	62	130	427
Stock +ve Days	15	22	31	61	118	366
Down Capture	-88%	39%	105%	99%	110%	104%
Bmk -ve Days	10	25	36	64	121	325
Stock -ve Days	6	19	31	62	129	380

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with LPX
LPX	-2.3%	42.0%	0.05	-
Sector ETF (XLI)	11.0%	18.2%	0.42	46.3%
Equity (SPY)	12.7%	13.7%	0.62	36.1%
Gold (GLD)	0.3%	28.9%	0.00	28.8%
Commodities (DBC)	34.5%	21.3%	1.28	-33.3%
Real Estate (VNQ)	11.7%	14.2%	0.53	42.3%
Bitcoin (BTCUSD)	-27.7%	43.5%	-0.63	7.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with LPX
LPX	4.7%	40.1%	0.22	-
Sector ETF (XLI)	11.5%	17.8%	0.48	56.6%
Equity (SPY)	11.6%	17.3%	0.50	53.0%
Gold (GLD)	17.2%	19.1%	0.72	14.3%
Commodities (DBC)	7.4%	19.6%	0.26	0.7%
Real Estate (VNQ)	1.4%	18.9%	-0.04	51.0%
Bitcoin (BTCUSD)	3.4%	51.5%	0.25	23.0%

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Based On 10-Year Data

	Annualized Return	Annualized Volatility	Sharpe Ratio	Correlation with LPX
LPX	16.8%	41.2%	0.51	-
Sector ETF (XLI)	13.3%	20.1%	0.58	62.5%
Equity (SPY)	15.2%	18.0%	0.71	58.4%
Gold (GLD)	11.7%	16.6%	0.58	11.5%
Commodities (DBC)	7.5%	18.1%	0.33	15.9%
Real Estate (VNQ)	5.9%	20.7%	0.24	55.7%
Bitcoin (BTCUSD)	59.5%	66.3%	0.99	17.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date	10302026
Short Interest: Shares Quantity	8.7 Mil
Short Interest: % Change Since 10152026	-3.8%
Average Daily Volume	1.2 Mil
Days-to-Cover Short Interest	7.0 days
Basic Shares Quantity	70.0 Mil
Short % of Basic Shares	12.4%

Returns Analyses

	Title
0	Can Louisiana-Pacific Stock Recover If Markets Fall?
1	Louisiana-Pacific Stock Return Comparison
2	Louisiana (LPX) Stock Return: AI Predicts LPX Average and Excess Return After a Fall or Rise

Earnings Returns History

Updated 11/11/2026

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/3/2026	6.8%	2.4%
8/5/2026	0.7%	-1.7%	-10.7%
5/6/2026	3.9%	2.9%	2.6%
2/17/2026	-5.1%	-13.1%	-17.4%
11/5/2025	-8.4%	-8.9%	-0.9%
8/6/2025	-0.8%	10.2%	6.5%
5/6/2025	-0.8%	3.9%	2.6%
2/19/2025	-0.6%	-1.5%	-7.7%
...
SUMMARY STATS
# Positive	9	15	13
# Negative	16	10	11
Median Positive	3.9%	3.9%	10.8%
Median Negative	-1.7%	-4.7%	-7.0%
Max Positive	8.3%	10.2%	24.5%
Max Negative	-12.5%	-13.1%	-17.4%

Collapse to Preview

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/3/2026	6.8%	2.4%
8/5/2026	0.7%	-1.7%	-10.7%
5/6/2026	3.9%	2.9%	2.6%
2/17/2026	-5.1%	-13.1%	-17.4%
11/5/2025	-8.4%	-8.9%	-0.9%
8/6/2025	-0.8%	10.2%	6.5%
5/6/2025	-0.8%	3.9%	2.6%
2/19/2025	-0.6%	-1.5%	-7.7%
11/5/2024	-0.3%	3.9%	10.8%
8/7/2024	0.9%	-0.9%	-2.6%
5/8/2024	-1.3%	4.4%	2.4%
2/14/2024	-0.1%	0.8%	12.3%
11/1/2023	5.8%	9.1%	17.1%
8/2/2023	-2.0%	-5.3%	-7.0%
5/3/2023	-2.5%	2.6%	-1.4%
2/21/2023	-12.5%	-11.0%	-12.3%
11/1/2022	-6.9%	-4.1%	14.5%
8/9/2022	-0.1%	6.4%	-6.5%
5/3/2022	8.3%	1.8%	0.2%
2/22/2022	-1.6%	4.4%	-0.8%
11/2/2021	4.6%	1.7%	10.0%
8/3/2021	0.0%	4.9%	14.1%
5/4/2021	-3.2%	-2.6%	-9.7%
2/16/2021	0.7%	9.2%	24.5%
11/3/2020	-1.8%	-5.6%	13.9%
SUMMARY STATS
# Positive	9	15	13
# Negative	16	10	11
Median Positive	3.9%	3.9%	10.8%
Median Negative	-1.7%	-4.7%	-7.0%
Max Positive	8.3%	10.2%	24.5%
Max Negative	-12.5%	-13.1%	-17.4%

SEC Filings

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Report Date	Filing Date	Filing
09/30/2026	11/03/2026	10-Q
06/30/2026	08/05/2026	10-Q
03/31/2026	05/06/2026	10-Q
12/31/2025	02/17/2026	10-K
09/30/2025	11/05/2025	10-Q
06/30/2025	08/06/2025	10-Q
03/31/2025	05/06/2025	10-Q
12/31/2024	02/19/2025	10-K
09/30/2024	11/05/2024	10-Q
06/30/2024	08/07/2024	10-Q
03/31/2024	05/08/2024	10-Q
12/31/2023	02/14/2024	10-K
09/30/2023	11/01/2023	10-Q
06/30/2023	08/02/2023	10-Q
03/31/2023	05/03/2023	10-Q
12/31/2022	02/21/2023	10-K

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Report Date	Filing Date	Filing
09/30/2026	11/03/2026	10-Q
06/30/2026	08/05/2026	10-Q
03/31/2026	05/06/2026	10-Q
12/31/2025	02/17/2026	10-K
09/30/2025	11/05/2025	10-Q
06/30/2025	08/06/2025	10-Q
03/31/2025	05/06/2025	10-Q
12/31/2024	02/19/2025	10-K
09/30/2024	11/05/2024	10-Q
06/30/2024	08/07/2024	10-Q
03/31/2024	05/08/2024	10-Q
12/31/2023	02/14/2024	10-K
09/30/2023	11/01/2023	10-Q
06/30/2023	08/02/2023	10-Q
03/31/2023	05/03/2023	10-Q
12/31/2022	02/21/2023	10-K
09/30/2022	11/03/2022	10-Q
06/30/2022	08/09/2022	10-Q
03/31/2022	05/03/2022	10-Q
12/31/2021	02/22/2022	10-K
09/30/2021	11/03/2021	10-Q
06/30/2021	08/04/2021	10-Q
03/31/2021	05/05/2021	10-Q
12/31/2020	02/18/2021	10-K
09/30/2020	11/04/2020	10-Q
06/30/2020	08/06/2020	10-Q
03/31/2020	05/06/2020	10-Q
12/31/2019	02/13/2020	10-K

Recent Forward Guidance

Updated 11/4/2026

Latest: Q3 2026 Earnings Reported 11/3/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
Q4 2026 Siding Net Sales	Reported	390.00 Mil	395.00 Mil	400.00 Mil
Q4 2026 Siding Net Sales Year-Over-Year Growth	Reported		3.0%			-2.0%	Lower New	Guidance: 5.0% for Q3 2026
Q4 2026 Siding Adjusted EBITDA	Reported	80.00 Mil	85.00 Mil	90.00 Mil	-26.1%		Lower New	Guidance: 115.00 Mil for Q3 2026
Q4 2026 Siding Adjusted EBITDA Margin	Reported		22.0%
Q4 2026 OSB Adjusted EBITDA	Reported		-35.00 Mil		-22.2%		Higher New	Guidance: -45.00 Mil for Q3 2026
Q4 2026 Consolidated Adjusted EBITDA	Reported	30.00 Mil	35.00 Mil	40.00 Mil	-36.4%		Lower New	Guidance: 55.00 Mil for Q3 2026
Q4 2026 Other Operations Adjusted EBITDA Contribution	Reported		-15.00 Mil
2026 Siding Net Sales	Reported	1.66 Bil	1.67 Bil	1.67 Bil
2026 Siding Net Sales Year-Over-Year Growth	Reported		-1.0%			0.0%	Affirmed	Guidance: -1.0% for 2026
2026 Siding Adjusted EBITDA	Reported	415.00 Mil	420.00 Mil	425.00 Mil	0.6%		Raised	Guidance: 417.50 Mil for 2026
2026 Siding Adjusted EBITDA Margin	Reported		25.0%
2026 OSB Adjusted EBITDA	Reported		-95.00 Mil		-20.8%		Raised	Guidance: -120.00 Mil for 2026
2026 Consolidated Adjusted EBITDA	Reported	270.00 Mil	275.00 Mil	280.00 Mil	4.8%		Raised	Guidance: 262.50 Mil for 2026
2026 Other Operations Adjusted EBITDA Contribution	Reported		-50.00 Mil
2026 Capital Expenditures	Reported		300.00 Mil		-6.2%		Lowered	Guidance: 320.00 Mil for 2026
2026 Strategic Growth Capital Expenditures	Reported		1.4E10%
2026 Sustaining Maintenance Capital Expenditures	Reported		160.00 Mil

Prior: Q2 2026 Earnings Reported 8/5/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
Q3 2026 Siding Net Sales Year-Over-Year Growth	Reported		5.0%
Q3 2026 Siding Adjusted EBITDA	Reported	110.00 Mil	115.00 Mil
Q3 2026 OSB Adjusted EBITDA	Reported		-45.00 Mil
Q3 2026 Consolidated Adjusted EBITDA	Reported	50.00 Mil	55.00 Mil
2026 Siding Net Sales Year-Over-Year Growth	Reported	1.65E11%	-1.0%			1.0%	Raised	Guidance: -2.0% for 2026
2026 Siding Adjusted EBITDA	Reported	410.00 Mil	417.50 Mil		0		Affirmed	Guidance: 417.50 Mil for 2026
2026 OSB Adjusted EBITDA	Reported		-120.00 Mil		2		Lowered	Guidance: -40.00 Mil for 2026
2026 Consolidated Adjusted EBITDA	Reported	255.00 Mil	262.50 Mil		-25.5%		Lowered	Guidance: 352.50 Mil for 2026
2026 Capital Expenditures	Reported		320.00 Mil		-18.0%		Lowered	Guidance: 390.00 Mil for 2026

Q1 2026 Earnings Reported 5/6/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
Q2 2026 Siding Net Sales Year-Over-Year Growth	Reported		-4.0%
Q2 2026 Siding Adjusted EBITDA	Reported	115.00 Mil	117.50 Mil	120.00 Mil
Q2 2026 OSB Adjusted EBITDA	Reported		-10.00 Mil
Q2 2026 Consolidated Adjusted EBITDA	Reported	100.00 Mil	102.50 Mil	105.00 Mil
2026 Siding Net Sales Year-Over-Year Growth	Reported		-2.0%			-4.0%	Lowered	Guidance: 2.0% for 2026
2026 Siding Adjusted EBITDA	Reported	410.00 Mil	417.50 Mil	425.00 Mil	-7.2%		Lowered	Guidance: 450.00 Mil for 2026
2026 OSB Adjusted EBITDA	Reported		-40.00 Mil
2026 Consolidated Adjusted EBITDA	Reported	345.00 Mil	352.50 Mil	360.00 Mil	-18.0%		Lowered	Guidance: 430.00 Mil for 2026
2026 Capital Expenditures	Reported		390.00 Mil		-2.5%		Lowered	Guidance: 400.00 Mil for 2026

Q4 2025 Earnings Reported 2/17/2026

Forward Guidance					Guidance Change
Metric	Source	Low	Mid	High	% Chg	% Delta	Change	Prior
Q1 2026 Siding Net Sales	Reported	350.00 Mil	352.50 Mil	355.00 Mil
Q1 2026 Siding Adjusted EBITDA	Reported	80.00 Mil	82.50 Mil	85.00 Mil	0.6%		Higher New	Actual: 82.00 Mil for Q4 2025
Q1 2026 OSB Adjusted EBITDA	Reported	-30.00 Mil	-27.50 Mil	-25.00 Mil	-38.9%		Higher New	Actual: -45.00 Mil for Q4 2025
Q1 2026 Consolidated Adjusted EBITDA	Reported		50.00 Mil		56.2%		Higher New	Actual: 32.00 Mil for Q4 2025
2026 Siding Net Sales	Reported		1.70 Bil		1.2%		Higher New	Actual: 1.68 Bil for 2025
2026 Siding Adjusted EBITDA	Reported		450.00 Mil		4.7%		Higher New	Actual: 430.00 Mil for 2025
2026 Consolidated Adjusted EBITDA	Reported		430.00 Mil		2.4%		Higher New	Actual: 420.00 Mil for 2025
2026 Capital Expenditures	Reported		400.00 Mil		27.0%		Higher New	Actual: 315.00 Mil for 2025

Insider Activity

Updated 9/3/2026

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Bruce, Lizanne M		Direct	Sell	6162026	78.21	1,141	89,238	1,399,568	Form
2	Bruce, Lizanne M		Direct	Sell	3112026	78.59	1,300	102,167	1,348,604	Form
3	Grasberger, F Nicholas Iii		Direct	Buy	2232026	85.49	20,000	1,709,800	3,330,177	Form
4	Southern, William Bradley	Chief Executive Officer	Direct	Sell	2182026	87.85	14,166	1,244,430	39,315,840	Form
5	Southern, William Bradley	Chief Executive Officer	Direct	Sell	2182026	89.29	14,166	1,264,888	41,227,067	Form

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#	Owner	Title	Holding	Action	Filing Date	Price	Shares	Transacted Value	Value of Held Shares	Form
1	Bruce, Lizanne M		Direct	Sell	6162026	78.21	1,141	89,238	1,399,568	Form
2	Bruce, Lizanne M		Direct	Sell	3112026	78.59	1,300	102,167	1,348,604	Form
3	Grasberger, F Nicholas Iii		Direct	Buy	2232026	85.49	20,000	1,709,800	3,330,177	Form
4	Southern, William Bradley	Chief Executive Officer	Direct	Sell	2182026	87.85	14,166	1,244,430	39,315,840	Form
5	Southern, William Bradley	Chief Executive Officer	Direct	Sell	2182026	89.29	14,166	1,264,888	41,227,067	Form
6	Southern, William Bradley	Chief Executive Officer	Direct	Sell	2042026	88.19	21,252	1,874,273	40,646,564	Form
7	Southern, William Bradley	Chief Executive Officer	Direct	Sell	2042026	85.16	7,080	602,933	41,058,617	Form
8	Southern, William Bradley	Chief Executive Officer	Direct	Sell	1162026	93.08	14,166	1,318,506	45,533,883	Form
9	Southern, William Bradley	Chief Executive Officer	Direct	Sell	1162026	91.66	55,346	5,073,139	46,141,037	Form
10	Southern, William Bradley	Chief Executive Officer	Direct	Sell	12172025	85.38	1,318	112,537	47,694,877	Form
11	Southern, William Bradley	Chief Executive Officer	Direct	Sell	12172025	86.25	42,514	3,666,832	48,292,065	Form
12	MacAdam, Stephen E		Direct	Buy	11122025	78.06	3,200	249,792	3,212,091	Form

Investor Activity (13F)

Updated Nov 11, 2026

13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Crow's Nest Holdings LP	$41.5 Mil	9.7%	11	TRIM -25.0%	13F
59 North Capital Management, LP	$237.4 Mil	7.1%	17	TRIM -7.7%	13F
Southernsun Asset Management, LLC	$35.3 Mil	5.1%	31	ADD +6.3%	13F
Eminence Capital, LP	$184.3 Mil	4.2%	33	TRIM -37.4%	13F
Maple Rock Capital Partners Inc.	$80.9 Mil	2.6%	44	ADD +88.9%	13F
Avantyr Capital Partners, LP	$45.3 Mil	2.2%	22	New	13F
Fernbridge Capital Management LP	$29.5 Mil	1.9%	17	TRIM -55.0%	13F
Parsifal Capital Management, LP	$6.7 Mil	0.9%	17	TRIM -49.0%	13F
Kinetic Partners Management, LP	$9.7 Mil	0.5%	49	TRIM -70.2%	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
Avantyr Capital Partners, LP	$45.3 Mil	2.2%	22	New	13F
Maple Rock Capital Partners Inc.	$80.9 Mil	2.6%	44	ADD +88.9%	13F
Southernsun Asset Management, LLC	$35.3 Mil	5.1%	31	ADD +6.3%	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	As Of	Filing
Alua Capital Management LP	$46.1 Mil	3.4%	17	Exited	Dec 31, 2025	13F
Scopia Capital Management LP	$16.2 Mil	3.4%	27	Exited	Dec 31, 2025	13F
Kinetic Partners Management, LP	$9.7 Mil	0.5%	49	TRIM -70.2%	Mar 31, 2026	13F
Fernbridge Capital Management LP	$29.5 Mil	1.9%	17	TRIM -55.0%	Mar 31, 2026	13F
Parsifal Capital Management, LP	$6.7 Mil	0.9%	17	TRIM -49.0%	Mar 31, 2026	13F
Eminence Capital, LP	$184.3 Mil	4.2%	33	TRIM -37.4%	Mar 31, 2026	13F
Crow's Nest Holdings LP	$41.5 Mil	9.7%	11	TRIM -25.0%	Mar 31, 2026	13F
59 North Capital Management, LP	$237.4 Mil	7.1%	17	TRIM -7.7%	Mar 31, 2026	13F

Active Manager	Value	% of Portfolio	Total Positions	QoQ	Filing
59 North Capital Management, LP	$237.4 Mil	7.1%	17	TRIM -7.7%	13F
Eminence Capital, LP	$184.3 Mil	4.2%	33	TRIM -37.4%	13F
Maple Rock Capital Partners Inc.	$80.9 Mil	2.6%	44	ADD +88.9%	13F
Avantyr Capital Partners, LP	$45.3 Mil	2.2%	22	New	13F
Crow's Nest Holdings LP	$41.5 Mil	9.7%	11	TRIM -25.0%	13F
Southernsun Asset Management, LLC	$35.3 Mil	5.1%	31	ADD +6.3%	13F
Fernbridge Capital Management LP	$29.5 Mil	1.9%	17	TRIM -55.0%	13F
Kinetic Partners Management, LP	$9.7 Mil	0.5%	49	TRIM -70.2%	13F
Parsifal Capital Management, LP	$6.7 Mil	0.9%	17	TRIM -49.0%	13F

LPX Trade Sentinel

Stock Conviction

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CONVICTION RATIONALE

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STOCK ARCHETYPE

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Looking for high-conviction positions with a better risk/reward profile? See what's currently in the Trefis High Quality Portfolio.

INVESTMENT THESIS

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Mechanism: null

Supporting Evidence:

PRIMARY RISK

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Mechanism: null

Supporting Evidence:

Key KPI Watchlist

KPI	Status	Rationale

Core Investment Debate

BULL VIEW

CORE TENSION

PREVAILING SENTIMENT

BEAR VIEW

Next 6 months: Risks and Catalysts

Timeline	Event & Metric To Watch

Key Events in Last 6 Months

Date	Event	Stock Impact

Risk Management

Position Sizing

Diversification Alternatives

How Is The Market Pricing LPX?

What will confirm the thesis

What will damage the thesis

Noise: Real but irrelevant to thesis

Repricing Catalyst

What LPX Makes & Who Pays

TTM figures based on

LPX Evolution: Price Return by Era

① Structure

② Volume / Momentum

③ Catalyst

Combined Score

0 / 12

1 Price Structure & Trend · ▾

2 Momentum ▾

3 Relative Strength vs. SPY ▾

4 Institutional Footprint & Volume ▾

5 Volatility ▾

6 Key Price Levels Range · Vol ▾

7 Earnings Reaction History ▾

8 How the Verdict Is Derived Three Pillars ▾

Pillar	Score
① Structure	0
② Vol / Mom	0
③ Catalyst	0

ℹ Bull Pillars: 0 · Bear Pillars: 0 · Combined Score: 0 →

Louisiana-Pacific — Investor Video Playlist

Products & Services

The SmartGuard® Process Difference: Inside LP® SmartSide® Siding Innovation | Betting on Beloit

LP Building Solutions · 2025-07-25

Products & Services

How LP® SmartSide® Siding Builds Sustainability Into Every Board | Betting on Beloit

LP Building Solutions · 2025-07-25

Products & Services

How It’s Made: LP® SmartSide® Trim & Siding

LP Building Solutions · 2025-05-01

Products & Services

Which Installs Faster? LP® SmartSide® ExpertFinish® Trim & Lap Siding vs. Prefinished Fiber Cement

LP Building Solutions · 2024-04-04

Products & Services

LP® SmartSide® Trim & Lap Siding vs. Fiber Cement Trim & Lap Siding: Which Installs Faster?

LP Building Solutions · 2024-04-04

Products & Services

The Home Depot Welcomes LP To Eco Actions

LP Building Solutions · 2023-12-28

Industry Resources

Industrials Resources

IndustryWeek

Manufacturing.net

Aviation Week

Building Products Resources

Building Design+Construction

Construction Dive

Architectural Record

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

Prefer one of these to Trefis? Tell us why.

Core Cache Last Updated: 11/10/2026

Louisiana-Pacific (LPX)

Market Price (11/11/2026): $75.525 | Market Cap: $5.3 BilSector: Industrials | Industry: Building Products

Louisiana-Pacific (LPX)

Market Price (11/11/2026): $75.525Market Cap: $5.3 BilSector: IndustrialsIndustry: Building Products

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

LPX in ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

In The Past

Preserve Wealth

Asset Allocation

About Louisiana-Pacific (LPX)

North America

South America

Share Repurchases

Share Issuance

Outbound Investments

Capital Expenditures

Interactive Breakdown

Better Bets vs. Louisiana-Pacific (LPX)

INDUSTRY: Building Products

Higher Rev Chg 3Y Avg | Lower P/S (Values for LPX: -1.3% | 2.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LPX: -1.3% | 45.6x)

Higher Rev Chg LTM (Value for LPX: -11.6%)

Higher Rev Chg 3Y Avg (Value for LPX: -1.3%)

Higher Op Mgn LTM (Value for LPX: 4.6%)

Higher CFO/Rev LTM (Value for LPX: 11.3%)

Higher FCF/Rev LTM (Value for LPX: 1.2%)

Higher Total Yield (Value for LPX: 2.9%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for LPX: -1.3% | 2.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LPX: -1.3% | 45.6x)

Higher Rev Chg LTM (Value for LPX: -11.6%)

Higher Rev Chg 3Y Avg (Value for LPX: -1.3%)

Higher Op Mgn LTM (Value for LPX: 4.6%)

Higher CFO/Rev LTM (Value for LPX: 11.3%)

Higher FCF/Rev LTM (Value for LPX: 1.2%)

Higher Total Yield (Value for LPX: 2.9%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for LPX: -1.3% | 2.1x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for LPX: -1.3% | 45.6x)

Higher Rev Chg LTM (Value for LPX: -11.6%)

Higher Rev Chg 3Y Avg (Value for LPX: -1.3%)

Higher Op Mgn LTM (Value for LPX: 4.6%)

Higher CFO/Rev LTM (Value for LPX: 11.3%)

Higher FCF/Rev LTM (Value for LPX: 1.2%)

Higher Total Yield (Value for LPX: 2.9%)

Best Bets in Industrials

P/EBIT (Value for LPX: 50.8x)

P/E (Value for LPX: 77.8x)

Rev Chg 3Y Avg (Value for LPX: -1.3%)

Rev Chg LTM (Value for LPX: -11.6%)

Rev Chg Q (Value for LPX: 4.2%)

FCF/Rev 3Y Avg (Value for LPX: 7.5%)

Peer Outperformance in Building Products

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

Top Gainers

Top Losers

Top Gainers

Top Losers

Top Gainers

Market Price (11/11/2026): $75.525
Market Cap: $5.3 Bil
Sector: Industrials
Industry: Building Products