LP Building Solutions CEO Brad Southern Named 2025 Legends Honoree
- Leadership Recognition: LP Building Solutions' Chair and CEO Brad Southern has been honored as a 2025 Legends honoree by Pro Builder, acknowledging his significant contributions to the high-performance building products sector since joining in 1999, which further solidifies the company's leadership position in the industry.
- Innovation Drive: Under Southern's leadership, the company has launched value-added products and returned over $4 billion to shareholders through dividends and share repurchases, enhancing investor confidence and demonstrating the company's ongoing commitment to innovation and customer satisfaction.
- Emerging Talent: LP Building Science Manager Neil Freidberg has been named a 2025 Young Guns honoree, influencing the future of residential construction with his contributions to building science and four U.S. patents, helping builders navigate evolving codes.
- Industry Engagement: Freidberg actively participates in multiple technical committees to enhance building standards and encourages interest in STEM among youth through community outreach, showcasing LP's commitment to nurturing future talent.
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- Coverage Initiation: Oppenheimer initiated coverage of Louisiana-Pacific Corp. (LPX) with an Outperform rating and a $115 price target, indicating the market's undervaluation of its growth potential.
- Growth Outlook: Analyst Tyler Batory highlighted that LPX's engineered wood siding segment represents a sustained growth opportunity within a traditionally cyclical industry, with siding revenue expected to grow about 8% in fiscal 2026 despite challenging macro conditions.
- Margin Expansion: The segment's EBITDA margins are projected to expand to approximately 26% by 2027, driven by improved capacity utilization and the introduction of new offerings, thereby enhancing the company's profitability.
- Valuation Approach: Oppenheimer employs a sum-of-the-parts valuation, applying a 15x multiple on its 2026 siding EBITDA estimate and a 6x multiple on normalized OSB EBITDA, indicating potential for excess cash flow for dividends and share repurchases once market conditions stabilize.

- Retirement Announcement: W. Bradley Southern has announced his retirement from his roles as board and chairperson.
- Impact on Organization: His departure may lead to significant changes in leadership and direction for the organization.
- New Investment Position: Elwood Capital Partners initiated a new position in Louisiana-Pacific Corporation (LPX) by acquiring 40,000 shares valued at approximately $3.55 million during Q3, indicating confidence in the stock's future potential.
- Asset Management Status: This acquisition brings Elwood's total U.S. equity positions to 19, with an AUM of $163.77 million, demonstrating its ongoing expansion in a diversified investment portfolio.
- Market Performance Analysis: As of Wednesday, LPX shares were priced at $82.55, down 21% over the past year, significantly underperforming the S&P 500's approximately 15% gain during the same period, reflecting market concerns about the company's future profitability.
- Financial Health Status: Despite a drop in adjusted EBITDA from $153 million to $82 million in Q3, the company maintains $1.1 billion in liquidity and positive operating cash flow of $89 million, showcasing the robustness of its financial foundation.

- New Investment Position: Elwood Capital Partners initiated a new stake in Louisiana-Pacific Corporation by acquiring 40,000 shares valued at approximately $3.55 million, marking its first investment in the company and enhancing its market presence in the building materials sector.
- Assets Under Management: This acquisition brings Elwood Capital's total reportable 13F assets under management to $163.77 million, indicating a strategic diversification in its investment portfolio, particularly in the potential growth opportunities within the construction industry.
- Market Performance Analysis: Louisiana-Pacific's shares are currently priced at $82.55, reflecting a 21% decline over the past year, which underperforms the S&P 500, suggesting market caution regarding its future profitability.
- Financial Health Status: Despite facing pricing pressures, Louisiana-Pacific maintains $1.1 billion in liquidity and positive operating cash flow of $89 million, demonstrating resilience and ongoing investment capability in a challenging market environment.

U.S. Stock Market Performance: U.S. stocks rose on Friday, driven by optimism in the AI sector, with the Nasdaq-100 leading gains, particularly in tech and chipmaker stocks like Micron Technology and Nvidia, which saw significant increases following strong earnings reports.
Earnings Reports Impact: Carnival Corp's shares surged 8% after exceeding quarterly earnings expectations, while Nike Inc. saw a 10% drop despite beating profit estimates due to concerns over margin pressure and slowing sales.
Commodity Market Trends: Commodities experienced gains, with silver reaching record highs and gold trading near its peak, while crude oil prices rose for the third consecutive session after recent lows.
Cryptocurrency and Equities: Crypto-linked stocks advanced alongside digital assets, with Bitcoin trading above $87,000 and notable gains in companies like Strategy Inc., reflecting a positive trend in the cryptocurrency market.

- Growing Charitable Contributions: LP Building Solutions announced charitable donations exceeding $1.6 million in 2025, marking the sixth consecutive year of increased contributions and the second year in a row surpassing $1 million, demonstrating the company's strong commitment to community support.
- Diverse Funding Programs: Since 1985, the LP Foundation has contributed over $23 million to more than 120 nonprofits and public schools, focusing on affordable housing, environmental stewardship, and future workforce development, thereby reinforcing the company's leadership in corporate social responsibility.
- Disaster Relief Initiatives: The LP Foundation activated its disaster relief program in response to wildfires in Minnesota and flooding in North Carolina this year, showcasing the company's sense of responsibility and proactive approach to community support during crises.
- Educational and Environmental Partnerships: LP partnered with the National Forest Foundation to support reforestation efforts and provided product donations to several universities, helping students gain hands-on experience, which reflects the company's strategic investment in sustainable development and education.







