L
LOUISIANA-PACIFIC CORP
LPXCIK 0000060519NYSELarge AcceleratedLumber & Wood Products (No Furniture)DelawareFY ends Dec 31
Period
FY 2025
Revenue
$2.71B
Net Income
$146.00M
Total Assets
$2.63B
Equity
$1.73B
Shares Out
69.83M
Op. Cash Flow
$382.00M
Business
LOUISIANA-PACIFIC CORP is a manufacturer and distributor of engineered wood building solutions for builders, remodelers, and homeowners. It offers engineered wood siding, trim, soffit, fascia, oriented strand board (OSB) structural panels, and value-added specialty products such as SmartSide®, TechShield®, WeatherLogic® and other LP Structural and Siding Solutions. The company operates three primary segments: Siding, Oriented Strand Board (OSB), and LP South America (LPSA). Its products sell primarily through wholesale distributors, professional building product dealers and retail home centers across North and South America, with limited sales in Asia, Australia, and Europe.
Summary from filing dated 2025-02-19
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 2,708 | 2,941 | 2,581 | 3,854 | 3,915 | |
| Cost of sales | −2,119 | −2,110 | −1,988 | −2,355 | −1,952 | |
| Gross Profit | 589 | 832 | 593 | 1,498 | 1,963 | |
| Selling, general, and administrative expenses | −329 | −291 | −257 | −264 | −223 | |
| Loss on impairments | −44 | −5 | −30 | −1 | −6 | |
| Other operating credits and charges, net | −7 | −4 | −19 | 16 | 1 | |
| Income from operations | 209 | 530 | 287 | 1,250 | 1,734 | |
| Interest expense | −15 | −14 | −14 | — | — | |
| Investment Income, Net | 16 | 22 | 18 | 14 | 1 | |
| Other nonoperating items | −15 | 9 | −43 | −97 | −22 | |
| Income before income taxes | 195 | 547 | 248 | 1,155 | 1,700 | |
| Provision for income taxes | −50 | −140 | −74 | −274 | −402 | |
| Equity in unconsolidated affiliates | 1 | 13 | 3 | 4 | 4 | |
| Net income | 146 | 420 | 178 | 1,083 | 1,373 | |
| Basic | 2.09 | 5.91 | 2.47 | 13.94 | 14.19 | |
| Diluted | 2.08 | 5.89 | 2.46 | 13.87 | 14.09 | |
| Weighted average number of shares outstanding - basic | 70 | 71 | 72 | 78 | 97 | |
| Weighted average number of shares outstanding, diluted | 70 | 71 | 72 | 78 | 98 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 292 | 340 | 222 | 369 | 358 | |
| Receivables, net of allowance for doubtful accounts of $1 at December 31, 2025 and 2024 | 127 | 131 | 155 | 127 | 169 | |
| Inventories | 363 | 357 | 378 | 337 | 278 | |
| Prepaid expenses and other current assets | 28 | 27 | 23 | 20 | 17 | |
| Total current assets | 809 | 855 | 778 | 854 | 890 | |
| Timber and timberlands | 13 | 29 | 32 | 40 | 42 | |
| Property, plant, and equipment, net | 1,709 | 1,579 | 1,540 | 1,326 | 1,039 | |
| Operating lease assets | 23 | 25 | 25 | 44 | 50 | |
| Goodwill and other intangible assets | 22 | 26 | 27 | 36 | 39 | |
| Investments in and advances to affiliates | 17 | 17 | 5 | 6 | 7 | |
| Other assets | 25 | 20 | 20 | 24 | 25 | |
| Deferred tax assets | 8 | 4 | 11 | 7 | 2 | |
| Total assets | 2,627 | 2,556 | 2,437 | 2,350 | 2,194 | |
| Accounts payable and accrued liabilities | 285 | 287 | 254 | 317 | 304 | |
| Income taxes payable | 5 | 11 | 5 | 19 | 13 | |
| Total current liabilities | 291 | 299 | 259 | 336 | 351 | |
| Long-term debt, excluding current portion | 348 | 348 | 347 | 346 | 346 | |
| Deferred income taxes | 177 | 145 | 162 | 113 | 86 | |
| Non-current operating lease liabilities | 22 | 24 | 25 | 41 | 44 | |
| Contingency reserves, excluding current portion | 26 | 27 | 25 | 26 | 24 | |
| Other long-term liabilities | 33 | 43 | 61 | 53 | 63 | |
| Liabilities | 896 | 885 | 880 | 916 | 955 | |
| Preferred stock, $1 par value, 15,000,000 shares authorized, no shares issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $1 par value; 200 shares authorized; 85 shares issued, and 70 shares issued and outstanding, respectively, as of December 31, 2025; 86 shares issued and 70 shares issued and outstanding, respectively, as of December 31, 2024 | 85 | 86 | 88 | 88 | 102 | |
| Additional paid-in capital | 508 | 478 | 465 | 462 | 458 | |
| Retained earnings | 1,621 | 1,615 | 1,479 | 1,371 | 1,239 | |
| Treasury stock, 15 shares and 16 shares at cost as of December 31, 2025 and 2024, respectively | −385 | −386 | −386 | −388 | −390 | |
| Accumulated comprehensive loss | −98 | −122 | −89 | −99 | −174 | |
| Total stockholders' equity | 1,731 | 1,671 | 1,557 | 1,433 | 1,235 | |
| Total liabilities and stockholders' equity | 2,627 | 2,556 | 2,437 | 2,350 | 2,194 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 145 | 126 | 119 | 132 | 119 | |
| Impairment of long-lived assets | 44 | 5 | 30 | 1 | 6 | |
| Pension loss due to settlement | 0 | 0 | 4 | 82 | 2 | |
| Deferred taxes | 24 | −4 | 44 | 1 | 7 | |
| Foreign currency remeasurement and transaction losses | 11 | 0 | 50 | −2 | 2 | |
| Other adjustments, net | 12 | −12 | 6 | 35 | 9 | |
| Receivables | 9 | 3 | −8 | 22 | −14 | |
| Inventories | −18 | 9 | −46 | −66 | −71 | |
| Prepaid expenses and other current assets | 1 | −5 | −1 | −7 | 0 | |
| Accounts payable and accrued liabilities | −2 | 23 | −40 | 15 | 46 | |
| Income taxes payable, net of receivables | −18 | 19 | −33 | 6 | −5 | |
| Net cash provided by operating activities | 382 | 605 | 316 | 1,144 | 1,484 | |
| Property, plant, and equipment additions | −291 | −183 | −300 | −414 | −254 | |
| Proceeds from divestiture of businesses | 0 | 0 | −80 | 0 | 0 | |
| Proceeds from sale of assets | 0 | 1 | 9 | 0 | 0 | |
| Investment in affiliates | 0 | −17 | 0 | 0 | 0 | |
| Other investing activities, net | 0 | 16 | −4 | 0 | 5 | |
| Net cash provided by (used in) investing activities | −291 | −183 | −376 | −146 | −247 | |
| Repayment of long term debt | 0 | 0 | −80 | 0 | −359 | |
| Proceeds from Debt, Maturing in More than Three Months | 0 | 0 | 80 | 0 | 350 | |
| Payment of cash dividends | −78 | −74 | −69 | −69 | −66 | |
| Purchase of stock | −61 | −212 | 0 | −900 | −1,300 | |
| Other financing activities | −2 | −7 | −8 | −13 | −13 | |
| Net cash used in financing activities | −141 | −292 | −77 | −982 | −1,388 | |
| Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation | 1 | −12 | −24 | −5 | −14 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | −48 | 118 | −161 | 12 | −164 | |
| Cash paid for income taxes, net | −42 | −124 | −65 | −320 | −421 | |
| Cash paid for interest, net | −14 | −14 | −15 | −14 | −16 | |
| Share-Based Payment Arrangement, Noncash Expense | 30 | 20 | 13 | — | — |
Filings
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