Norbord Inc (2)
SymbolNBD
Shares Issued43,173,195
Close 2009-10-29C$ 15.19
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Norbord loses $7-million (U.S.) in third quarter

2009-10-30 08:49 ET - News Release

Mr. Barrie Shineton reports

NORBORD REPORTS THIRD QUARTER 2009 RESULTS

Norbord Inc. had a loss of $7-million or 16 cents per share in the third quarter of 2009. Norbord recorded losses of $18-million or 42 cents per share in the prior quarter and $18-million or $1.21 per share in the third quarter of 2008.

Norbord recorded positive earnings before interest, taxes, depreciation and amortization (EBITDA) of $10-million in the third quarter of 2009 compared to negative $2-million in the second quarter of 2009 and negative $9-million in the same period last year. North American operations generated positive EBITDA of $9-million in the third quarter of 2009 compared with negative $6-million in the second quarter of 2009 and negative $2-million in the third quarter of 2008. Norbord's European mills generated positive EBITDA of $5-million in the third quarter of 2009 compared with positive $4-million in the second quarter of 2009 and negative $5-million in the third quarter of 2008.

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