Louisiana-Pacific Corporation (NYSE:LPX) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET

Company Participants

Aaron Howald - Vice President, Investor Relations
Brad Southern - Chief Executive Officer
Alan Haughie - Chief Financial Officer

Conference Call Participants

Susan Maklari - Goldman Sachs
Michael Roxland - Truist Securities
Sean Steuart - TD Cowen
Steven Ramsey - Thompson Research Group
Matthew McKellar - RBC Capital Markets
Mark Weintraub - Seaport Research Partners
Ketan Mamtora - BMO Capital Markets
Kurt Yinger - D.A. Davidson

Operator

Good day, and thank you for standing by. Welcome to the Q3 2024 Louisiana-Pacific Corporation Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a Q&A session. [Operator Instructions] Please be advised today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Aaron Howald, Vice President, Investor Relations. Please go ahead.

Aaron Howald

Thank you, operator, and good morning, everyone. Thank you for joining us to discuss LP's results for the third quarter of 2024 as well as our updated outlook for the fourth quarter and full year.

Hosting the call with me this morning are Brad Southern, LP's Chief Executive Officer; and Alan Haughie, LP's Chief Financial Officer. After prepared remarks, we will take one round of questions.

During this morning's call, we will refer to a presentation that has been posted to LP's IR webpage, which is investor.lpcorp.com. Our 8-K filing, earnings press release and other materials are also available there.

As always, I will caution you that today's discussion may contain forward-looking statements and non-GAAP financial metrics as described on slides 2 and 3 of the earnings presentation. The appendix of the presentation also contains reconciliations that are further supplemented by this morning's 8-K filing. Rather than reading those statements, I will incorporate them by reference.

And with that, I will turn the call over to Brad.

Brad Southern

Thanks, Aaron, and thank you all again for joining us today. LP's teams continue to execute our strategy effectively in the third quarter. As a result, Siding net sales grew by 22%, well above the underlying markets we serve. Siding set new records for sales and EBITDA, helped by ongoing improvements in export finished margins. Our OSB business operated safely and efficiently with strong price realization to make the most of a sequentially softer price environment.