Norbord Rides Higher OSB Pricing to Wider Margins in 3Q
Amid gradually improving residential construction, Norbord enjoyed another strong quarter. While Norbord is already running near nameplate capacity, higher panel prices boosted adjusted EBITDA to $200 million, up from $165 million in the second quarter. We've slightly increased our North American oriented strand board price forecast for 2017 and 2018, but have left our long-run outlook unchanged. This has led us to raise our Norbord fair value estimate to CAD 39 from CAD 38. We've left our no-mo...Norbord is a producer of wood-based panels with 17 plant locations in the U.S., Europe and Canada.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.