I believe it would yes. I'm using it on a phenolic deck that's designed for the surfacing of outdoor skate park ramps though. One thing to keep in mind with using pressure treated plywood though if I remember correctly, is that the copper they use in the process (since the EPA outlawed the use of arsenic) will have a galvonic reaction with your fasteners and they will corrode badly and quickly. Hope this helps.
We will not share your email address or the recipient's email
address. We make no use of the email address or information contained in
these greetings except to complete the service as you have requested.