Companies in the timber industry / Daily News / Statistics / Wood Products / Wood-based panels / Europe / Global / North America
November 5, 2018
Norbord reports rising EBITDA on higher European panel prices and N. American shipment volumes
Norbord Inc. reported Adjusted EBITDA of $211 million for the 3Q 2018 versus $200 million in the 3Q 2017 and $273 million in the 2Q 2018. The year-over-year improvement is primarily due to higher European panel prices and North American shipment volumes, while the quarter-over-quarter decrease is due to lower North American oriented strand board (OSB) prices. North American operations generated Adjusted EBITDA of $190 million compared to $184 million in the same quarter last year and $256 million in the prior quarter. European operations delivered Adjusted EBITDA of $23 million versus ...
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