Norbord reports 2Q 2020 earnings

Norbord Inc. reported Adjusted EBITDA of $84 million for 2Q 2020 compared to $75 million in 1Q 2020 and $36 million in 2Q 2019. The quarter-over-quarter increase was primarily due to lower manufacturing costs, partially offset by lower shipment volumes, while the year-over-year increase was primarily due to higher realized North American OSB prices, as well as lower manufacturing costs, partially offset by lower shipment volumes. North American operations generated Adjusted EBITDA of $84 million compared to $68 million in 1Q 2020 and $18 million in 2Q 2019, and European operations delivered Adjusted EBITDA of $2 million compared to $10 million in the prior quarter and $21 million in the same quarter last year.