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November 3, 2016

Norbord improves earnings on higher OSB prices and demand

Norbord improves earnings on higher OSB prices and demand

High demand and prices for OSB have allowed Norbord to post its seventh consecutive quarter of improvement. The company reports adjusted EBITDA of $114 million for the third quarter of 2016 versus $30 million in the third quarter of 2015 and $94 million in the second quarter of 2016.

The improvement versus both comparative periods is primarily due to higher North American oriented strand board (OSB) prices. North American operations generated adjusted EBITDA of $106 million in the quarter compared to $22 million in the same quarter last year and $85 million in the prior quarter. European operations delivered adjusted EBITDA of $10 million compared to $11 million in both comparative quarters.

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