These 3 Rising Dividend Plays Come Cheap Louisiana-Pacific (NYSE:LPX) said it met its first-quarter 2026 guidance despite weaker housing conditions, softer OSB demand and commodity price pressure, with stronger-than-expected pricing in both siding and oriented strand board…
lping offset lower volumes. Chief Executive Officer Jason Ringblom said the company “navigated the challenges of a complex market exceptionally well,” citing an “increasingly volatile macro backdrop” and impacts from winter storms and the conflict in Iran
LP reported adjusted EBITDA of $82 million for the quarter, down $80 million from the prior-year period, and adjusted earnings per share of $0.38. The company returned $21 million to shareholders through dividends. Ringblom said the year-over-year EBITDA decline was primarily driven by a $66 million impact from lower OSB prices, which also reduced net sales.
Siding EBITDA declined by $5 million despite a 10% decrease in net sales, while other factors, including South America and higher unallocated corporate expenses, accounted for the remaining decline. The company also highlighted safety performance, with North American employees working more than 1.5 million hours at a total incident rate of 0.26. Ringblom also noted that LP’s Sagola, Michigan, siding mill reached two years without a recordable injury.