TORONTO, ON -- Norbord Inc. (TSX: NBD, NBD.WT) reported positive earnings of $37 million in the second quarter of 2010, as compared to losses of $5 million in the prior quarter and $18 million in the same quarter last year.
"All our operating mills ran full out this quarter and we benefitted from the run-up in North American OSB prices," said Barrie Shineton, Norbord president and CEO.As we have said for some time, the recovery in both U.S. housing starts and OSB demand is fragile. Economic news continues to be mixed, however, a housing recovery is taking hold and we remain confident that our financial performance will continue to improve on the prior year."
Read Norbord's press release.
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