Norbord reports better earnings on North American OSB prices
Norbord Inc. reported Adjusted EBITDA of $103 million for the first quarter of 2017 versus $61 million in the first quarter of 2016 and $115 million in the fourth quarter of 2016. The year-over-year improvement is primarily due to higher North American OSB prices and shipment volumes, while the quarter-over-quarter decrease is due to higher resin prices and the timing of annual maintenance shuts and related costs. North American operations generated Adjusted EBITDA of $102 million compared to $53 million in the same quarter last year and $108 million in the prior ...
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