Companies in the timber industry / Daily News / Global Trends / Wood Products / Wood-based panels / Europe / Global / North America
August 7, 2018
Norbord achieves highest Q2 results in history
Norbord Inc. reported Adjusted EBITDA of $273 million for the second quarter of 2018 versus $165 million in the second quarter of 2017 and $170 million in the first quarter of 2018. The 65% year-over-year improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes, as well as higher European panel prices. North American operations generated Adjusted EBITDA of $256 million compared to $157 million in the same quarter last year and $156 million in the prior quarter. European operations delivered Adjusted EBITDA of $21 million versus $9 million in same quarter ...
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