CANADA – Norbord Inc. reported EBITDA of USD 287 million in 2013 compared to $188 million in 2012.

Shipment volumes and higher OSB prices in North America explain in great part this noteworthy result. “2013 was an excellent year for Norbord on several fronts,” said Peter Wijnbergen, Norbord’s newly appointed President and CEO. “The US housing recovery continued to gain traction, which positively impacted our OSB market through increased customer demand. This enabled us to run more of our capacity, including our Jefferson, Texas mill which safely resumed operations mid-year.”

Norbord generated earnings of $149 million or $2.92 per share ($2.79 per share diluted) for the full year 2013 compared to $71 million or $1.63 per share ($1.56 per share diluted) in 2012.

“Looking ahead, I remain positive about the unfolding housing recoveries in all our core markets. In North America, we expect new home construction activity to support further OSB demand growth, keeping pace with the additional capacity that was brought back on-line in 2013. Meanwhile, our European business is poised for another year of improved earnings.”