Record Year for Siding Segment
In 2024, siding set records for net sales and EBITDA, with siding sales growing by 17% to $1.56 billion, contributing to a 14% increase in overall sales to $2.9 billion and a 44% increase in EBITDA to $688 million.
Strong Financial Performance
The company achieved $681 million in sales, $125 million in EBITDA, and $105 million in operating cash flow in Q4. For the full year, operating cash flow was $605 million, enabling continued investment and shareholder returns.
Operational Efficiency and Safety
The company improved operating efficiency and achieved a total incident rate (TIR) of 0.67, considered world-class, and continues to focus on safety improvements.
Capacity Expansion Plans
Plans are in place for significant investments in capacity expansion in 2025 and 2026 to meet demand, including a second manufacturing line at Holton and increased pre-finishing capacity.
Strong Order File for 2025
Encouraging evidence of growth in 2025 with a healthy siding order file, indicating continued strong demand.