Norbord Reports Record Second Quarter 2018 Results; Declares C $4.50 Per Share 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.Q2 2018 HIGHLIGHTSRecord Adjusted EBITDA of $273 million on higher North American shipment volumes and OSB pricesAdjusted earnings increased 75% year-over-year to $1.92 per diluted shareEuropean EBITDA more than doubled year-over-year to $21 million, reflecting robust marketsDeclared dividend of C $4.50 per share for shareholders of record on September 1, 2018TORONTO, Aug. 2, 2018 /PRNewswire/ - Norbord Inc. (TSX and NYSE: OSB) today reported Adjusted EBITDA of $273 million for the second quarter of 2018 versus $165 million in the second quarter of 2017 and $170 million in the first quarter of 2018. The 65% year-over-year improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes, as well as higher European panel prices. North American operations generated Adjusted EBITDA of $256 million compared to $157 million in the same quarter last year and $156 million in the pr
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