EarningsQ2 2026 Earnings Report
DE:LP3 Q2 2026 EPS Results
Actual EPS€0.36
Consensus EPS€0.50
Beat/MissMissed by -€0.14
One Year Ago EPS€0.88
DE:LP3 Q2 2026 Revenue Results
Actual Revenue€592.54M
Expected Revenue€595.49M
Beat/MissMissed by -€2.95M
YoY Revenue Growth-12.05%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeBefore Open
Conference CallWednesday, August 5, 2026
DE:LP3 Upcoming Earnings
Louisiana-Pacific's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:LP3 Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
Mixed but cautious: the call highlighted clear and durable strength in the Siding business (price power, volume recovery trajectory in ExpertFinish, normalized channel inventories, capacity investments, strong cash/liquidity and affirmed Siding guidance), while commodity OSB showed significant, near-term worsening (lower prices, falling volumes and an expected negative full-year EBITDA), and the quarter was affected by unplanned outages, weather-related logistics disruptions and inflationary freight pressures. Management is taking disciplined capital allocation steps (CapEx reduction, focus on Siding growth) and preserving liquidity, which mitigates near-term OSB weakness but the OSB drag remains a material headwind.Company Guidance
Siding Revenue and Pricing Strength
Siding sales increased 4% year-over-year with average selling prices up 7%, contributing $27M to revenue and EBITDA; Siding delivered a 26% EBITDA margin and performed above the midpoint of guidance.
ExpertFinish Category Momentum
ExpertFinish volumes grew 1% YoY in Q2; order intake and channel sell-through rebounded with ExpertFinish channel inventories substantially reduced from Q1 peaks; company is adding capacity (Green Bay ramp, +20M ft at Bath, and new North Branch painting facility).
Normalized Channel Inventories and Strong Order Intake
Primed SmartSide channel inventories normalized, distributor sell-through was higher than any of the previous five quarters, and order intake exceeded levels seen in 4 of the previous 5 quarters (only trailing last year's record Q2).
Cash Generation and Liquidity
Operating cash flow of $140M in Q2; ended the quarter with $228M cash on hand and total liquidity just under $1.0B (including undrawn $750M revolver), and returned $21M to shareholders.
Adjusted Earnings Per Share
LP reported $0.40 of adjusted earnings per share for the quarter.
Operational Efficiency and Safety
Siding and OSB mills delivered meaningful improvements in operational efficiency (OEE) while maintaining a focus on safety despite weather and other disruptions; external recognition for product innovation and employer reputation continued.
Siding Growth Outlook and Guidance
Management expects Siding to return to year-over-year volume and revenue growth in Q3; Q3 Siding revenue guidance of $460M–$470M (low end ties prior record) and Q3 Siding EBITDA guidance of $110M–$120M (~25% margin); full-year Siding guidance affirmed.
Capital Allocation Discipline
Full-year CapEx guidance reduced to approximately $320M (a $70M reduction) to preserve flexibility, with roughly 75% of planned spend allocated to Siding and most growth CapEx focused on Siding initiatives.
DE:LP3 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed