Higher OSB Price Environment Remains a Tailwind for Norbord, Raising FVE to CAD 38
Norbord managed a solid first quarter, growing adjusted EBITDA by roughly 70% year-over-year to $103 million. This was largely due to rising demand for structural panels in North America, as Random Lengths OSB Composite prices advanced roughly 40% over the course of the year. Although unit costs ticked higher, we expect them to fall from current levels over the remainder of the year. We've increased our North American OSB price outlook for 2017, to $305 from $290, given recent market prices. Add...
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