Financial Guidance from The Company for third quarter of 2024 and full year of 2024 is siding sales will be 16% to 18% higher for third quarter and 14% to 16% for Full Year 2024.  Guidance as you may know is based upon the companies current plans and expectations and subject to known and unknown uncertainties and risks.  

EBITDA (How much the corporation earned before interest, taxes, depreciation and amortization). As you may well know EBITDA is the abbreviation of the term; and for this company’s Second Quarter adjusted earnings EBITDA were $229 million, an increase of $135 million.  OSB (see below) net sales increased by 53% to $351 million. Net sales increased 33% to $814 million. Additionally, the company repurchased 1.2 million of its common shares.  Paid $19 in cash dividends in the second quarter.  Buy backs (companies repurchasing shares makes everyone happy!) .  According to ZACKS,  there was a notable surge in demand for Siding and OSB https://lpcorp.com/products/panels-sheathing/standard-osb

Net sales came in at $814 million for the 2nd quarter 2024. 

OSB (Oriented Strain Board) is a product used for wall, roof and flooring in 3/8 to 1 and 1/8 thickness.  According to Matt Risinger  of Youtube “houses used to be made with solid sheeting.  Around World War 2 plywood came not the scene. OSB was invented in the 1960’s but didn’t become popular until the 1980’s.  It is 3/4 of the market in America for custom homes that are using a solid sheeting on the outside of the house (2018 estimate)  It is made from small strands of natural fast growth wood that has been glued and pressed with heat to form the sheet. OSB is most used for the costs benefit and cheaper than plywood. “

Some history :  Older homes were built with solid sheeting that’s shiplap.  It was used as a sheeting product and used on the outside of the houses and super strong. But after WW2 plywood started to replace shiplap.    

Photo by Viacheslav bublyk.