Filing Flows › Louisiana-Pacific (LPX) › Q1 2026
Louisiana-Pacific (LPX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Louisiana-Pacific (LPX) reported revenue of $574M for the first quarter 2026 (Q1 2026), -21% from a year earlier and +1% from the quarter before. Operating margin was 5.9%, net earnings $27.0M (4.7% of revenue).
Louisiana-Pacific, Q1 2026: revenue $574M (-21% year over year), operating margin 5.9%, net earnings $27.0M, operating cash flow −$38.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $574M | +1% | -21% |
| Gross profit | $115M | +35% | -42% |
| Operating profit | $34.0M | — | -72% |
| Net earnings | $27.0M | — | -70% |
| Operating cash flow | −$38.0M | -157% | -159% |
What changed
Revenue was $574.0M in Q1 2026, down 21% year over year and up 1% from the previous quarter. Siding was the largest line at 63% of revenue. OSB lost $99.0M year over year (down 37%), 66% of the total change.
Gross margin was 20.0%, down 7.2 points from Q1 2025. Operating profit was $34.0M, a 5.9% margin (down 10.7 points year over year). Operating expenses grew 5% against a revenue fall of 21%. The fastest-growing cost line was Other operating costs (+50%). Net earnings were $27.0M, down 70% year over year. The effective tax rate was 25.0%.
Operating cash flow was −$38.0M. Non-cash charges added back $38.0M of depreciation and amortization. Working capital and other items used $103.0M. Capital expenditures of $61.0M exceeded it, leaving free cash flow of −$99.0M.
Questions
What was Louisiana-Pacific's revenue in the first quarter 2026?
Louisiana-Pacific (LPX) reported revenue of $574M for the first quarter 2026 (Q1 2026), -21% from a year earlier and +1% from the quarter before.
Was Louisiana-Pacific profitable in the first quarter 2026?
Operating profit was $34.0M (5.9% of revenue) and net earnings $27.0M.
Source: Louisiana-Pacific 10-Q on SEC EDGAR.