LOUISIANA-PACIFIC CORP

LP Building Solutions announced that Executive Vice President and Chief Financial Officer Alan J.M. Haughie will retire effective September 1, 2026, and will transition to an advisory role until February 28, 2027. Aaron Howald, currently Vice President, Investor Relations and Business Development, has been appointed to succeed Mr. Haughie as CFO and Senior Vice President, also effective September 1, 2026, with a new annual base salary of $560,000 and significant equity awards. Additionally, Senior Vice President and Chief Commercial Officer Craig Sichling notified the company of his intention to retire in the first half of 2027.

Louisiana-Pacific reported a significant decline in its first-quarter 2026 financial results. Net sales decreased to $574 million from $724 million year-over-year, leading to a net income of $27 million and diluted EPS of $0.39, down from $91 million and $1.30 respectively in Q1 2025. The OSB segment saw a substantial drop in revenues and moved to a negative Adjusted EBITDA, while the Siding segment also experienced a revenue decline. The company also amended its credit facility, increasing it to $750 million and extending its maturity.

Louisiana-Pacific Corporation reported a significant decline in its first quarter 2026 financial results. Consolidated net sales decreased by 20.6% to $574 million, and net income fell by 70.3% to $27 million compared to Q1 2025. This downturn was primarily driven by lower net sales and volumes in both the Siding and Oriented Strand Board (OSB) segments. The company also provided financial guidance for the second quarter and full-year 2026, projecting continued declines in Siding net sales and negative OSB Adjusted EBITDA.

Louisiana-Pacific Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share for common stockholders. The dividend is scheduled to be paid on May 28, 2026, to shareholders who are on record as of May 14, 2026.