Filing Flows › Louisiana-Pacific (LPX) › Q2 2025
Louisiana-Pacific (LPX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Louisiana-Pacific (LPX) reported revenue of $755M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +4% from the quarter before. Operating margin was 10.6%, net earnings $54.0M (7.2% of revenue).
Louisiana-Pacific, Q2 2025: revenue $755M (-7% year over year), operating margin 10.6%, net earnings $54.0M, operating cash flow $162M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $755M | +4% | -7% |
| Gross profit | $178M | -10% | -32% |
| Operating profit | $80.0M | -33% | -59% |
| Net earnings | $54.0M | -41% | -66% |
| Operating cash flow | $162M | +153% | -24% |
| Free cash flow | $94.0M | — | -47% |
What changed
Revenue was $755.0M in Q2 2025, down 7% year over year and up 4% from the previous quarter. Siding was the largest line at 61% of revenue. OSB lost $101.0M year over year (down 29%), 171% of the total change.
Gross margin was 23.6%, down 8.7 points from a year earlier. Operating profit was $80.0M, a 10.6% margin (down 13.2 points year over year). Operating expenses grew 42% against a revenue fall of 7%. Net earnings were $54.0M, down 66% year over year. The effective tax rate was 26.0%.
Operating cash flow was $162.0M (down 24% year over year), 300% of net earnings. Non-cash charges added back $36.0M of depreciation and amortization. Working capital and other items added $72.0M. Capital expenditures of $68.0M left free cash flow of $94.0M.
Questions
What was Louisiana-Pacific's revenue in the second quarter 2025?
Louisiana-Pacific (LPX) reported revenue of $755M for the second quarter 2025 (Q2 2025), -7% from a year earlier and +4% from the quarter before.
Was Louisiana-Pacific profitable in the second quarter 2025?
Operating profit was $80.0M (10.6% of revenue) and net earnings $54.0M.
Source: Louisiana-Pacific 10-Q on SEC EDGAR.