About Louisiana-Pacific

Louisiana-Pacific Corporation (LP) provides high-performance building solutions that meet the demands of builders, remodelers, and homeowners worldwide. The company serves the new home construction, repair and remodeling, and outdoor structures markets. The company has leveraged its expertise to become an industry leader known for innovation, quality, reliability, and sustainability. The principal customers for the company’s building solutions are retailers, wholesalers, and home building and industrial businesses in North America and South America, with limited sales in Asia, Australia, and Europe. As of December 31, 2023, the company operated 23 plants across the U.S., Canada, Chile, and Brazil. Segments Siding The company is the largest producer of engineered wood siding in North America. The company’s Siding segment serves diverse end markets with a broad product offering, including LP SmartSide Trim & Siding, LP SmartSide ExpertFinish Trim & Siding, LP BuilderSeries Lap Siding, and LP Outdoor Building Solutions (collectively referred to as Siding Solutions). The company’s Siding Solutions products consist of a full line of engineered wood siding, trim, soffit, and fascia. As compared to solid wood, these products offer superior protection against hail, wind, moisture, fungal decay, and termites. The LP SmartSide environmental product declarations (EPDs), which detail the cradle-to-grave energy and materials required to produce LP SmartSide Lap, Panel and Trim in North America, demonstrate that the product stores more carbon than is released during its lifecycle, making it a carbon-negative exterior siding product. The company’s Siding Solutions products are used in new home construction, repair and remodeling projects, and outdoor structures such as sheds. The company intends to continue growing sales in its Siding segment and to increase the breadth of its Siding Solutions product offerings. To do so, the company plans to increase the production capacity of these high-margin, value-added products through the addition of new plants, additional conversion of existing Oriented Strand Board plants to Siding manufacturing plants, expansion of its capacity at existing Siding facilities, and expansion of its prefinished capacity and offerings. The company will also seek to drive continued product innovation by utilizing its technological and engineering expertise in wood composites, overlays, chemical treatments, and durable and beautiful paints to better address the needs of its customers. Oriented Strand Board (OSB) OSB is a structural building panel product made from wood strands, arranged in layers, and bonded with resin and wax. Developed as a less expensive and more sustainable alternative to plywood, OSB is used as roof decking, sidewall sheathing and floor underlayment. The company’s OSB segment manufactures and distributes OSB structural panel products, including the innovative value-added OSB product portfolio known as LP Structural Solutions (which includes LP TechShield Radiant Barrier, LP WeatherLogic Air & Water Barrier, LP Legacy Premium Sub-Flooring, LP NovaCore Thermal Insulated Sheathing, LP FlameBlock Fire-Rated Sheathing, and LP TopNotch 350 Durable Sub-Flooring). The company’s LP Structural Solutions products are engineered to provide a variety of features, such as superior fire resistance, enhanced water and moisture protection and greater weight-bearing capacity. LP South America (LPSA) The company is a leading producer of OSB and siding products in South America and that it is positioned to capitalize on the growing demand for materials used in wood-based residential construction in South America. The company’s LPSA segment manufactures and distributes LP OSB structural panel and Siding Solutions products in South America and certain export markets. This segment also sells and distributes a variety of companion products to support the region’s transition to wood frame construction. The LPSA segment carries out manufacturing operations in Chile and Brazil and operates sales offices in Argentina, Brazil, Chile, Colombia, Mexico, Paraguay, and Peru. Strategy The key elements of the company’s strategy are to grow its Siding Business; generate value-added sales growth through customer focus and innovation; pursue selected strategic transactions; and expand internationally. Markets The company’s sales and marketing efforts are primarily focused on traditional distribution, professional building products dealers, home centers, third-party wholesale buying groups, and end users, particularly home builders, industrial manufacturers, and repair and remodel contractors. The wholesale distribution channel includes a variety of specialized and broad-line wholesale distributors and dealers focused primarily on the supply of products for use by professional builders and contractors. The retail distribution channel includes large retail chains catering to the do-it-yourself (DIY) and repair and remodeling markets, as well as smaller independent retailers. Customers The company seeks to maintain a broad customer base and a balanced approach to national distribution through both wholesale and retail channels. In 2023, the company’s top ten customers accounted for approximately 50% of its sales. The company’s principal customers include the following: Wholesale distribution companies, which supply building materials to retailers on a regional, state, or local basis; Distributors, who provide building materials to smaller retailers, contractors, and others; Building materials professional dealers that specialize in sales to professional builders, remodeling firms, and trade contractors that are involved in residential home construction and light commercial building; Retail home centers that provide access to consumer markets with a broad selection of home improvement materials and increasingly serve professional builders, DIY remodelers, and trade contractors; and Off-site structure producers that design, construct, and distribute prefabricated residential and light commercial structures, including fully manufactured, modular, and panelized structures, for consumer and professional markets. Seasonality The company’s business is subject to seasonal variances, with demand for many of its products tending to be higher during the building season, which generally occurs in the second and third calendar quarters (year ended December 31, 2023) in North America and the fourth and first calendar quarters in South America. History Louisiana-Pacific Corporation was founded in 1972. The company was incorporated in 1972.