Norbord (OSB) Misses Q2 EPS by 78c, Revenues Miss

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Go back to Norbord (OSB) Misses Q2 EPS by 78c, Revenues Miss

Norbord Reports Second Quarter 2020 Earnings; Declares Quarterly Dividend

August 5, 2020 6:00 AM EDT

Note: Financial references in US dollars unless otherwise indicated.

Q2 2020 HIGHLIGHTS

Adjusted EBITDA of $84 million and Adjusted earnings of $0.38 per diluted share Reduced North American unit manufacturing costs by 9% quarter-over-quarter and 7% year-over-year Extended maturity of committed revolving bank lines to May 2022 and increased aggregate commitment from $245 million to $300 million Liquidity of $378 million at quarter-end Declared quarterly variable dividend of C $0.30 per share for shareholders of record on September 1, 2020 Resuming limited production at Line 1 of Cordele, Georgia OSB mill to... More