Norbord (OSB) Misses Q1 EPS by 75c, Revenues Miss
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Norbord Reports First Quarter 2020 Earnings; Provides COVID-19 Update; Declares Quarterly Dividend
May 6, 2020 6:00 AM EDTNote: Financial references in US dollars unless otherwise indicated.
Q1 2020 HIGHLIGHTS
Adjusted EBITDA of $75 million and Adjusted earnings of $0.26 per diluted share Reduced North American unit manufacturing costs by 2% quarter-over-quarter and 4%year-over-year Liquidity of $247 million at quarter-end, after $69 million seasonal investment in working capital Declared quarterly variable dividend of C $0.05 per share for shareholders of record on June 1, 2020 Implemented COVID-19 Response Plan and related adjustments to operating configuration and cash conservation measuresTORONTO, May 6, 2020 /PRNewswire/... More
