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Stock impact report

Norbord Reports First Quarter 2019 Results; Declares Quarterly Dividend

NORBORD INC (OSB) 
US:NYSE Investor Relations: norbord.com/investors
Company Research Source: PR Newswire
Note: Financial references in US dollars unless otherwise indicated.Q1 2019 HIGHLIGHTSAdjusted EBITDA of $42 million Earnings of $0.01 per diluted share; Adjusted loss of $0.02 per diluted share European EBITDA increased 17% year-over-year to $21 million Repurchased $39 million of shares, exhausting Normal Course Issuer Bid limit Declared quarterly variable dividend of C $0.40 per share for shareholders of record on June 1, 2019 TORONTO, May 2, 2019 /PRNewswire/ - Norbord Inc. (TSX and NYSE: OSB) today reported Adjusted EBITDA of $42 million in the first quarter of 2019 compared to $70 million in the fourth quarter of 2018 and $170 million in the first quarter of 2018. The decrease versus both comparative periods was primarily due to lower North American oriented strand board (OSB) prices. North American operations generated Adjusted EBITDA of $23 million compared to $50 million in the prior quarter and $156 million in the same quarter last year. European operations delivered Adjust Show less Read more
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