Louisiana-Pacific reported second-quarter net sales of $664 million, down $90 million year over year, while EBITDA dropped $63 million to $79 million, driven by lower oriented strand board prices and volumes. The Siding segment maintained a 26% EBITDA margin despite a 4% sales decline, and the company expects Siding revenue of $460 million to $470 million and EBITDA of $110 million to $120 million in the third quarter. LP cut its 2026 capital-expenditure outlook by $70 million to approximately $320 million, delaying OSB maintenance projects while directing about three-quarters of spending toward Siding capacity expansions. The company expects OSB EBITDA of approximately negative $45 million in the third quarter and negative $120 million for the full year if prices remain flat. CFO Alan Haughie will retire on September 1, with Aaron Howald set to succeed him.
Louisiana-Pacific CorporationWeak OSB pricing drove sales and EBITDA down, with negative OSB EBITDA expected.
