Norbord: Lower revenues due to lower panel prices in Europe, falling N. American OSB prices
Norbord Inc. reported Adjusted EBITDA of $33 million in the third quarter of 2019 compared to $36 million in the second quarter of 2019 and $211 million in the third quarter of 2018. The quarter-over-quarter decrease was driven by lower panel prices and shipments in Europe, which more than offset improved manufacturing costs in North America, while the year-over-year decrease was primarily due to lower North American oriented strand board (OSB) prices. North American operations generated Adjusted EBITDA of $24 million compared to $18 million in the prior quarter and $190 million in the same ...
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