(RTTNews) - Louisiana-Pacific Corporation (LPX) on Wednesday reported a sharp decline in profit for the third quarter ended September 30, 2025, as sales weakened and impairment losses weighed on results. Earnings missed analysts' expectations.
Net income fell to $9 million, or $0.13 per share, from $90 million, or $1.28 per share, in the same period of 2024, reflecting impairment losses of $13 million.
Excluding one-time items, the company posted earnings of $25 million or $0.36 per share, that missed the average analysts' estimate of $0.38 per share. Analysts' estimates typically exclude special items.
Operating income dropped to $18 million from $116 million a year earlier.
Net sales decreased 8.2% to $663 million,from $722 million in the prior-year quarter. The consensus estimate was for $660.99 million.
For the fourth quarter, the company expects Siding net sales of around $370 million, representing approximately 3% year-over-year growth.
For the full year 2025, LP anticipates Siding net sales of about $1.68 billion, reflecting around 8% growth from 2024.
Louisiana-Pacific shares closed Tuesday's trading at $85.33, down 0.86%.
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