LP Building Solutions’ net income soars in Q1
LP Building Solutions Siding

LP Building Solutions' siding revenue increased $30 million or 9% in the first quarter.

NASHVILLE, Tenn. – LP Building Solutions, a manufacturer of engineered wood products for building construction and renovation, posted first-quarter net income of $108 million, a 370% year-over-year increase.

LP’s Q1 net sales of $724 million represented a 24% increase over the same period last year. Year-over-year net sales of OSB increased $124 million of 65% while siding revenue increased $30 million or 9%.

“The first quarter saw robust demand for siding and OSB, with increased volume, including record ExpertFinish and BuilderSeries volume, higher commodity prices, and improved operating efficiency driving margin expansion,” said LP Chairperson and Chief Executive Officer Brad Southern. "While macro uncertainties remain, strong demand for SmartSide and Structural Solutions has continued in the second quarter. As such, we are increasing our second quarter and full-year outlook.”


Have something to say? Share your thoughts with us in the comments below.

Profile picture for user richchristianson
About the author
Rich Christianson | President/Owner/C-Level

Rich Christianson is the owner of Richson Media LLC, a Chicago-based communications firm focused on the industrial woodworking sector. Rich is the former long-time editorial director and associate publisher of Woodworking Network. During his nearly 35-year career, Rich has toured more than 250 woodworking operations throughout North America, Europe and Asia and has written extensively on woodworking technology, design and supply trends. He has also directed and promoted dozens of woodworking trade shows, conferences and seminars including the Cabinets & Closets Conference & Expo and the Woodworking Machinery & Supply Conference & Expo, Canada’s largest woodworking show.