Louisiana-Pacific Q3 adjusted EBITDA beats estimates on pricing 

Overview

• US building products maker's Q3 siding sales rose 7% to record high

• Q3 adjusted EBITDA beat analyst expectations

• Company says siding sales growth driven by higher volumes and prices

Outlook

• Company sees Q4 siding net sales of $390-400 mln, about 3% growth

• Company expects full-year 2026 siding net sales of $1.66-1.67 bln, about 1% decline

• Company forecasts Q4 consolidated adjusted EBITDA of $30-40 mln and full-year $270-280 mln

Result Drivers

• SIDING VOLUME AND PRICING - Co said Q3 siding sales growth was driven by higher sales volumes and higher net selling prices

• PRICE GAINS AND COST PRESSURES - Co said higher prices and volumes boosted Q3 Siding adjusted EBITDA, but were partly offset by increased raw material, freight, labor, and maintenance costs

• OSB VOLUME OFFSET BY PRICES - Co said higher OSB sales volumes were offset by lower prices in Q3

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the forest & wood products peer group is "buy"

• Wall Street's median 12-month price target for Louisiana-Pacific Corporation is $90.00, about 19.1% above its November 2 closing price of $75.58

• The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)