Siding Sales Revenue Growth
Siding sales revenue grew by 5% year-over-year, driven by price increases and a strong product mix, exceeding expectations and guidance.
ExpertFinish Volume Increase
Sales volumes for the ExpertFinish siding product increased by 17% year-over-year, contributing significantly to the price mix effect.
Operational Excellence in OSB
The OSB business achieved 80% overall equipment effectiveness, up 2 points from last year, despite challenging market conditions.
Recognition and Awards
LP was named one of the 50 Best Manufacturers in the United States by IndustryWeek and one of America's Most Admired Workplaces by Newsweek.
Increased Full Year EBITDA Guidance
Total company EBITDA guidance for the full year was increased by $20 million, from $405 million to $425 million.