Anika Zylakia

Anika Zylakia asked about the implied step-up in LP siding revenue guidance to reach $1.7 billion, inquiring if shed normalization is the primary driver for the year-over-year comps and seeking details on the expected revenue cadence. She also inquired about affordability pressure, asking if LP is observing any risk of customers mixing down to lower-cost siding materials like vinyl, what contractors are reporting, and if there are differences in affordability trends across builder or R&R channels.

Answer

CFO Alan Haughie confirmed that improvement in shed is the dominant piece, but they expect improvement across the board as housing normalizes. CEO Jason Ringblom acknowledged affordability as a primary headwind, noting some movement to vinyl but emphasized the value of SmartSide's broad offering and LP's low share position as growth opportunities.