v3.25.2
Selected Segment Data (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Information regarding the Company's business segments is presented below (dollar amounts in millions):
Three Months Ended June 30, 2025
SidingOSBLPSASegment TotalOtherConsolidated
Net sales$460 $250 $43 $753 $2 $755 
Cost of sales(314)(229)(31)(573)(3)(577)
Selling, general, and administrative expenses(44)(18)(6)(67)(13)(79)
Adjustments to Adjusted EBITDA:
Depreciation and amortization
20 13 2 36 — 36 
Other charges1
2 2 1 4 4 8 
Adjusted EBITDA$125 $19 $9 $153 $(10)$142 
Three Months Ended June 30, 2024
SidingOSBLPSASegment TotalOtherConsolidated
Net sales$415 $351 $46 $812 $2 $814 
Cost of sales(291)(222)(34)(548)(3)(551)
Selling, general, and administrative expenses(39)(15)(4)(58)(13)(71)
Adjustments to Adjusted EBITDA:
Depreciation and amortization
19 11 2 31 — 31 
Other charges1
1 1 — 2 3 5 
Adjusted EBITDA$105 $125 $10 $240 $(11)$229 
Six Months Ended June 30, 2025
SidingOSBLPSASegment TotalOtherConsolidated
Net sales$862 $517 $95 $1,474 $4 $1,478 
Cost of sales(590)(440)(68)(1,097)(6)(1,103)
Selling, general, and administrative expenses(85)(34)(12)(131)(24)(154)
Adjustments to Adjusted EBITDA:
Depreciation and amortization
40 26 4 70 — 70 
Other charges1
3 3 1 7 6 13 
Adjusted EBITDA$230 $73 $21 $324 $(20)$304 
Six Months Ended June 30, 2024
SidingOSBLPSASegment TotalOtherConsolidated
Net sales$776 $664 $93 $1,533 $5 $1,539 
Cost of sales(546)(441)(69)(1,056)(6)(1,062)
Selling, general, and administrative expenses(75)(31)(8)(114)(26)(140)
Adjustments to Adjusted EBITDA:
Depreciation and amortization
37 22 3 62 — 62 
Other charges1
3 1 — 4 8 12 
Adjusted EBITDA$195 $215 $20 $429 $(19)$411 
1 Other charges includes stock compensation and income from equity in unconsolidated affiliates.
 Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
NET INCOME TO ADJUSTED EBITDA RECONCILIATION
Net income$54 $160 $145 $267 
Add (deduct):
Provision for income taxes19 53 45 94 
Depreciation and amortization36 31 70 62 
Stock-based compensation expense7 4 12 11 
Loss on impairment17 — 17 — 
Other operating credits and charges, net2 1 4 1 
Business exit credits and charges— (14)— (15)
Interest expense4 4 7 8 
Investment income(4)(6)(8)(11)
Other non-operating items7 (5)12 (6)
Adjusted EBITDA$142 $229 $304 $411 
Information concerning identifiable assets by segment is as follows (dollar amounts in millions):
June 30, 2025December 31, 2024
Identifiable Assets
Siding$1,351 $1,319 
OSB556 554 
LPSA165 145 
Other584 551 
Total assets$2,656 $2,569