Strong OSB Pricing and Volumes Drive Solid 2017 Performance for Norbord
Norbord's fourth-quarter results remained strong on the back of strong demand for wood products and elevated panel prices. During the year, adjusted EBITDA rose 75%, with sales up 23%. Single-family home construction rose 9%, a meaningful improvement in one of the largest demand drivers for panels. We've modestly increased our medium-term expectations for panel prices, as the pace of supply increase has proven more measured than we originally expected. We've reduced our long-term tax rate assump...
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