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NASHVILLE - On Tuesday, Louisiana-Pacific Corporation (NYSE:LPX) reported first quarter earnings that beat analyst expectations, while revenue was flat compared to the same period last year. The building products manufacturer saw strong growth in its Siding segment offset by weakness in OSB prices and volumes.
LP shares were down -0.01% in premarket trading following the earnings release.
LP reported adjusted earnings per share of $1.27, exceeding the analyst consensus estimate of $1.22. Revenue for the quarter was $724 million, in line with the $724 million reported a year ago but above analyst expectations of $711.71 million.
The company’s Siding segment was a bright spot, with sales increasing 11% YoY to $402 million on 9% higher volumes and 2% higher prices. However, this was offset by a 15% decline in OSB segment revenue to $267 million, driven by 11% lower prices and 4% lower volumes.
"LP’s Siding business delivered 11% revenue growth and margin expansion in the first quarter," said LP Chairperson and CEO Brad Southern. "Despite tariff uncertainty and a slow start to the building season, LP’s Siding order file is on pace for a record second quarter, driven by ExpertFinish growth, share gains in new residential construction, and a recovering shed market."
For Q2 2025, LP expects Siding net sales of $445-455 million, representing 9-10% YoY growth. The company forecasts full year 2025 Siding net sales of approximately $1.7 billion, up over 9% from 2024.
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