Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Products / Wood-based panels / Europe / Global / North America
August 7, 2019
Norbord’s Q2/2019 results negatively impacted by lower OSB prices
Norbord Inc., the world’s largest producer of oriented strand board (OSB), reported Adjusted EBITDA of USD 36 million in the second quarter of 2019, a sharp drop compared to USD 273 million in the second quarter of 2018. The decrease was primarily due to lower North American OSB prices. North American operations generated Adjusted EBITDA of USD 18 million compared to USD 256 million in the same quarter last year. European operations delivered Adjusted EBITDA of USD 21 million, unchanged versus same quarter last year.   ...
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