Norbord’s European segment performs well in the 3Q/2018
Norbord Inc. reported Adjusted EBITDA of $211 million for the 3Q 2018 versus $200 million in the 3Q 2017 and $273 million in the 2Q 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 quarter. European operations delivered Adjusted EBITDA of $23 million versus $14 million ...
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