OSB Prices Help Norbord Earnings

Norbord Inc. had an adjusted EBITDA of $322 million for the third quarter of 2020 compared to $84 million in the second quarter of this year and $33 million in the third quarter of 2019. The increase was primarily driven by significantly higher realized North American oriented strand board (OSB) prices partially offset by higher North American profit share attributed to higher earnings. North American operations generated adjusted EBITDA of $310 million compared to $84 million in the second quarter of 2020 and $24 million in the third quarter of 2019 and European operations delivered adjusted EBITDA of $16 million compared to $2 million in the prior quarter and $11 million in the same quarter last year.