Filing Flows › Louisiana-Pacific (LPX) › Q3 2025
Louisiana-Pacific (LPX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Louisiana-Pacific (LPX) reported revenue of $663M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -12% from the quarter before. Operating margin was 2.7%, net earnings $9.0M (1.4% of revenue).
Louisiana-Pacific, Q3 2025: revenue $663M (-8% year over year), operating margin 2.7%, net earnings $9.0M, operating cash flow $89.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $663M | -12% | -8% |
| Gross profit | $129M | -28% | -33% |
| Operating profit | $18.0M | -78% | -84% |
| Net earnings | $9.0M | -83% | -90% |
| Operating cash flow | $89.0M | -45% | -51% |
| Free cash flow | $5.0M | -95% | -96% |
What changed
Revenue was $663.0M in Q3 2025, down 8% year over year and down 12% from the previous quarter. Siding was the largest line at 67% of revenue. OSB lost $74.0M year over year (down 29%), 125% of the total change.
Gross margin was 19.5%, down 7.3 points from a year earlier. Operating profit was $18.0M, a 2.7% margin (down 13.4 points year over year). Operating expenses grew 44% against a revenue fall of 8%. The fastest-growing cost line was Other operating costs (+700%). Net earnings were $9.0M, down 90% year over year. The effective tax rate was 50.0%.
Operating cash flow was $89.0M (down 51% year over year), 989% of net earnings. Non-cash charges added back $36.0M of depreciation and amortization. Working capital and other items added $44.0M. Capital expenditures of $84.0M left free cash flow of $5.0M.
Questions
What was Louisiana-Pacific's revenue in the third quarter 2025?
Louisiana-Pacific (LPX) reported revenue of $663M for the third quarter 2025 (Q3 2025), -8% from a year earlier and -12% from the quarter before.
Was Louisiana-Pacific profitable in the third quarter 2025?
Operating profit was $18.0M (2.7% of revenue) and net earnings $9.0M.
Source: Louisiana-Pacific 10-Q on SEC EDGAR.