Record Quarter for Siding Segment
Siding segment achieved a record quarter for volume, revenue, and EBITDA. Siding revenue grew by 11% compared to last year, resulting in $755 million in sales and $142 million in EBITDA.
Operational Efficiency Improvements
Both Siding and OSB segments improved operating efficiency, with Siding achieving 78% OEE and OSB 79% OEE, contributing to operational flexibility and capacity unlocking.
Safety and Recognition
LP was named the safest company in 2024 by APA, the Engineered Wood Association, for the third consecutive year, and the New Waverly Transportation team received the Platinum Award for Highway Safety.
Strong Cash Flow and Liquidity
Operating cash flow of $162 million despite challenging OSB prices, with $1.1 billion in liquidity including $333 million in cash, positioning LP comfortably for future investments.