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Louisiana-Pacific’s SmartSide Momentum Marks A Pivotal Portfolio Shift!

Louisiana-Pacific Corporation reported second quarter 2026 results marked by contrasting performance across its Siding and Oriented Strand Board (OSB) businesses amid a challenging housing market environment. Total net sales reached $664 million, down $90 million year-over-year, while EBITDA declined $63 million to $79 million. The reduction largely stemmed from lower OSB prices and volumes driven by soft North and South American demand, partly offset by growth in the Siding segment. The Siding business delivered revenue above the guided midpoint with year-over-year volume growth in the premium ExpertFinish category despite an overall 11% volume decline compared to an exceptionally strong prior-year quarter. Pricing increases of 7% partially offset reduced volumes, resulting in a 26% EBITDA margin consistent with guidance. Operational efficiency improvements were achieved despite adverse weather disruptions, constrained freight capacity, and unplanned downtime at key mills, affecting margins temporarily.