Norbord Reports Record 2018 Earnings; 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.2018 HIGHLIGHTSGenerated record Adjusted EBITDA of $724 million, an 8% increase year-over-year Adjusted earnings of $4.74 per diluted share, a 6% increase over 2017 European EBITDA more than doubled year-over-year to $86 million Record annual production at seven mills Returned over $500 million in cash to shareholders through dividends and share repurchases Delivered strong safety performance with OSHA recordable injury rate of 0.78 Declared quarterly variable dividend of C $0.40 per share for shareholders of record on March 1, 2019 TORONTO, Feb. 1, 2019 /PRNewswire/ - Norbord Inc. (TSX and NYSE: OSB) today reported Adjusted EBITDA of $724 million for the full-year 2018 compared to $672 million in 2017 on higher realized North American oriented strand board (OSB) prices and shipment volumes, as well as higher European panel prices. North American operations generated Adjusted EBITDA of $652 million compared to $638
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