Norbord Inc. reported adjusted EBITDA of $61 million for the first quarter of 2016 versus $16 million in the first quarter of 2015 and $57 million in the fourth quarter of 2015. Norbord says that the year-over-year improvement is primarily due to higher North American oriented strand board (OSB) prices and shipment volumes as well as lower resin prices and the weaker Canadian dollar.
Norbord's North American operations generated adjusted EBITDA of $53 million in the quarter compared to $11 million in the same quarter last year and $51 million in the prior quarter.
European operations delivered adjusted EBITDA of $10 million, $3 million higher than the same quarter last year and in line with the prior quarter.
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