Norbord Reports Third Quarter 2018 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.Q3 2018 HIGHLIGHTSAdjusted EBITDA of $211 million, a 6% increase year-over-year Adjusted earnings of $1.41 per diluted share European EBITDA increased 64% year-over-year to $23 million Declared dividend of C $0.60 per share for shareholders of record on December 1, 2018 Renewed Normal Course Issuer Bid TORONTO, Nov. 1, 2018 /PRNewswire/ - Norbord Inc. (TSX and NYSE: OSB) today reported Adjusted EBITDA of $211 million for the third quarter of 2018 versus $200 million in the third quarter of 2017 and $273 million in the second quarter of 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 quart
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