Louisiana-Pacific Corporation (NYSE:LPX) released fourth-quarter results Tuesday showing a slight earnings beat but weaker-than-expected revenue, as solid momentum in its Siding division helped cushion a sharp downturn in its OSB business.
Shares fell 1.73% in pre-market trading following the update.
The company posted adjusted earnings of $0.03 per share, edging past consensus expectations of $0.00. However, revenue totaled $567 million, below the $594.64 million analysts had forecast and down 17% from $681 million in the same quarter a year earlier.
Performance in the Siding segment stood out, with net sales rising 6% year over year to $384 million. The increase was driven by an 8% improvement in pricing, which more than offset a 2% decline in volumes. Adjusted EBITDA for the Siding business climbed 33% to $97 million.
By contrast, the OSB segment experienced pronounced weakness. Net sales dropped 49% to $136 million amid lower prices and volumes. Adjusted EBITDA for OSB swung to a $39 million loss, compared with a $50 million profit in the prior-year period.
For full-year 2025, Louisiana-Pacific reported net income of $146 million, or $2.08 per diluted share, down from $420 million, or $5.89 per diluted share, in 2024. Annual revenue declined 8% to $2.7 billion.
Looking ahead to the first quarter of 2026, the company expects Siding net sales of roughly $350 million to $355 million, representing a 12% year-over-year decrease, and projects consolidated adjusted EBITDA of about $50 million.
For fiscal 2026 as a whole, Louisiana-Pacific forecasts approximately 2% growth in Siding net sales to around $1.7 billion and consolidated adjusted EBITDA of $430 million.
The company also unveiled a 7% increase in its quarterly dividend, raising it to $0.30 per share starting in the first quarter of 2026.