CANADA – Norbord Inc. reported adjusted EBITDA of USD 30 million in the 3Q/2015 compared to USD 19 million in both the 2Q 2015 and the 3Q/2014. 

The increase versus the two comparative periods is primarily due to higher shipment volumes and a number of cost improvements.

“Our improved financial results reflect the excellent operational performance of our North American and European mills,” said Peter Wijnbergen, Norbord’s President and CEO. “Our continued focus on controllables has generated USD 24 million more EBITDA year-to-date from increased productivity and lower raw materials usage. These improvements are positively impacting our manufacturing costs along with lower resin prices and the weaker Canadian dollar. North American housing demand continues to grow and sales to our home construction, home improvement and industrial customers are all increasing. While the recent increase in North American OSB prices is not yet visible in our financial results due to the lag effect of maintaining an order file, we will see this benefit in the 4Q.”