Latest news with #ExpertFinish
Yahoo
07-05-2025
- Business
- Yahoo
Louisiana-Pacific Corp (LPX) Q1 2025 Earnings Call Highlights: Siding Growth and OSB Challenges
Q : Congrats on a strong quarter in Siding. Can you talk about the key drivers for this out-performance versus single-family starts? How is the R&R demand holding up? A : We saw strength across our entire order file, particularly in shed orders compared to last year. The R&R sector showed improvement, evidenced by the volumes of ExpertFinish sold. Our new construction and two-step distribution business also held up well. The company faces challenges from inflationary pressures and potential impacts on margins, particularly in the OSB segment. OSB segment experienced a mix shift from structural solutions to commodity, resulting in a net reduction of $13 million in revenue and $7 million in EBITDA. The EBITDA impact of tariffs in the first quarter was about $2 million for Siding, with an expected $12 million impact for the full year if current tariffs persist. Tariff uncertainty has weakened consumer sentiment and contributed to a 6% decline in single-family starts in the first quarter. The company is seeing strong order files and expects record volume and revenue for Siding in the second quarter. Siding business delivered a 26% EBITDA margin in the first quarter, with expectations for similar performance in the second quarter. The company introduced new specialized products, such as the two-tone ExpertFinish products, which have received enthusiastic customer responses. For the complete transcript of the earnings call, please refer to the full earnings call transcript . Story continues Q: How do you feel about inventories in the channel given the uncertainty around tariffs and the macro backdrop? A: Home center inventories were pulled down in Q1, but are now normal. Channel inventories are seasonally appropriate. We are prompt on our Siding order file, allowing distributors to get shipments in two to three weeks, so there's no need for them to build inventory. Q: In terms of your Siding margin, how should we think about the progression of that margin in the back half of the year and into 2026? A: We always provide a safe forecast. The non-materialization of inflationary fears and the way the order file is progressing suggest potential margin expansion in 2026. The Houlton expansion won't impact profits until at least 2027. Q: With OSB capacity being added, what are your thoughts on shifting more towards value-add over commodity OSB? A: The competitive dynamics are challenging due to weaker housing markets and new capacity. However, we remain bullish on OSB long-term. Our focus is on growing Siding and converting facilities when possible, while maintaining optionality in the OSB business. Q: How much of the success in your order file reflects marketing investments? A: The investment in repair and remodel, particularly with ExpertFinish, has been ongoing since post-COVID. We're seeing returns from this investment, especially in the R&R sector. Marketing is less of a factor in new construction, where direct engagement with builders is key. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
09-04-2025
- Business
- Yahoo
LP Building Solutions Unveils New Naturals Collection™ in LP® SmartSide® ExpertFinish® Portfolio
New palette combines the beauty of natural wood tones with the advanced durability of engineered wood siding NASHVILLE, Tenn., April 09, 2025--(BUSINESS WIRE)--LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced the launch of its Naturals Collection™—a new line of nature-inspired colors within the LP® SmartSide® ExpertFinish® Trim & Siding portfolio. Unveiled at the 2025 NAHB International Builders' Show®, the Naturals Collection offers six versatile prefinished colors designed to capture the look of stained wood, available in both cedar and brushed smooth finishes. This marks the first specialized color palette introduced since the ExpertFinish® product line launched in 2020. "The new Naturals Collection reflects our continued commitment to style, performance, and innovation," said LP President Jason Ringblom. "These new colors not only complement our core 16-color palette but also meet the growing demand for wood-inspired tones—without compromising on durability or ease of installation." The new Naturals palette includes Bonsai Black, Weathered Walnut, Aged Amber, Saffron Cedar, Smoky Slate, and Washed White. Each prefinished option is engineered for durability and backed by LP's industry-leading 5/15/50-year limited warranty, giving builders and homeowners added peace of mind. The Naturals Collection will be available through LP's extensive network of contractors and dealers across North America throughout 2025. With this expansion, LP reinforces its role as an industry leader in resilient, contemporary siding solutions—offering a combination of beauty, strength, and lasting performance. To explore LP® SmartSide® ExpertFinish® Trim & Siding, visit About LP Building SolutionsAs a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood products that meet the demands of builders, remodelers and homeowners worldwide. LP's extensive portfolio of innovative and dependable products includes Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding and LP® Outdoor Building Solutions®), LP® Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore® Thermal Insulated Sheathing and LP® TopNotch® 350 Durable Sub-Flooring) and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile and Brazil. For more information, visit View source version on Contacts Media Contact Emily O' Sign in to access your portfolio
