Norbord (OSB) Tops Q4 EPS by 13c

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Go back to Norbord (OSB) Tops Q4 EPS by 13c

Norbord Reports 2016 Results; Declares Quarterly Dividend

February 3, 2017 6:00 AM EST

Note:  Financial references in US dollars unless otherwise indicated.

2016 HIGHLIGHTS

Adjusted earnings of $2.03 per diluted share, a $2.20 improvement over 2015 Adjusted EBITDA of $383 million, a more than threefold increase over 2015 North Central benchmark OSB price averaged $269 per Msf, up 29% over 2015 Record annual production at seven mills North American operating mills produced at 94% of capacity, up from 88% in 2015 Merger synergies target of $45 million (cumulative, annualized) fully captured within 18 months of closing Exchanged Quebec mills with Louisiana-Pacific, swapping Val-d'Or for... More