"Our improved financial results reflect the excellent operational performance of our North American and European mills," said Peter Wijnbergen, Norbord’s president and ceo.
"Our continued focus on controllables has generated US$24m more EBITDA year-to-date from increased productivity and lower raw materials usage," he said.
"While the recent increase in North American OSB prices is not yet visible in our financial results due to the lag effect of maintaining an order file, we will see this benefit in Q4,"added Mr Wijnbergen.
Norbord recorded an adjusted loss of US$4m in Q3, 2015 compared to an adjusted loss of US$12m in the prior quarter and US$11m in Q3, 2014. North American OSB shipments increased 2% quarter-over-quarter and year-to-date and 3% year-over-year, primarily due to increased mill productivity and fewer maintenance shuts.
