Louisiana-Pacific Corporation

A new round of layoffs and facility closures is rippling through the U.S. freight economy, with 15 companies across nine states announcing cuts affecting about 1,850 workers. The reductions span delivery contractors, logistics providers, food manufacturers and packaging companies in Texas, California, Georgia, Pennsylvania, Maryland, Ohio, Alabama, Indiana and Massachusetts. Among the largest, Amazon Delivery Service Partner 4XH Logistics LLC is shutting down its San Antonio-area operation and eliminating 230 jobs after its contract with Amazon ended, while Ardor Delivery Services filed a WARN notice affecting 179 employees in Centerville, Ohio, and FPL Food LLC is cutting 179 positions in Augusta, Georgia. Ruiz Foods announced 176 layoffs at its Dinuba, California, operation, and Louisiana-Pacific Corp. is indefinitely curtailing oriented strand board production at its Jasper, Texas, facility, affecting 150 workers and expecting approximately $4 million to $6 million in severance and other one-time costs during 2026. Other cuts include 151 employees at Postal Center International in Brownsburg, Indiana, 143 at Pepsi Beverages in Hyattsville, Maryland, and 115 at Eagles Delivery LLC in Roanoke, Texas.

LP Building Solutions announced it will indefinitely curtail oriented strand board production at its Jasper, Texas facility starting in October 2026 due to soft demand. The facility has an annual capacity of approximately 475 million square feet on a 3/8-inch basis. The decision follows a review of production needs across LP's network, considering operating costs, capital requirements, logistics, and long-term asset utilization. CEO Jason Ringblom stated that aligning production with demand is necessary for efficient operation through the cycle, while maintaining flexibility to restart capacity when conditions improve. LP will provide job search and career transition support to affected employees.

Louisiana-Pacific reported second-quarter net sales of $664 million, down $90 million year over year, while EBITDA dropped $63 million to $79 million, driven by lower oriented strand board prices and volumes. The Siding segment maintained a 26% EBITDA margin despite a 4% sales decline, and the company expects Siding revenue of $460 million to $470 million and EBITDA of $110 million to $120 million in the third quarter. LP cut its 2026 capital-expenditure outlook by $70 million to approximately $320 million, delaying OSB maintenance projects while directing about three-quarters of spending toward Siding capacity expansions. The company expects OSB EBITDA of approximately negative $45 million in the third quarter and negative $120 million for the full year if prices remain flat. CFO Alan Haughie will retire on September 1, with Aaron Howald set to succeed him.

Louisiana-Pacific closed at $73.61, down 3.84% from the prior day, underperforming the S&P 500's 1.52% decline. The company is scheduled to report earnings on August 5, 2026, with the Zacks Consensus Estimate projecting earnings per share of $0.61, a 38.38% decrease from the same quarter last year, and net sales of $683 million, down 9.54%. Full-year estimates call for earnings of $1.93 per share and revenue of $2.57 billion, representing year-over-year declines of 27.17% and 5%, respectively. The Zacks Consensus EPS estimate has moved 3.5% lower over the past month, and the stock currently carries a Zacks Rank of #4, or Sell. Louisiana-Pacific trades at a forward price-to-earnings ratio of 39.66, a premium to the industry average of 26.65, and its PEG ratio stands at 2.41 compared to the industry average of 1.5.