Norbord Inc. (NBD.TO), a producer of wood-based panels, Tuesday reported a profit for the first quarter reflecting higher revenues, a rise from break-even earnings last year.
For the first quarter, the company reported net earnings of $67 million or $1.26 per share, compared with the break-even earnings during the corresponding quarter last year.
On average, nine analysts polled by Thomson Reuters expected earnings per share of $1.37 for the first quarter. Analysts' estimates typically exclude one-time items.
The firm generated revenues of $365 million, compared with $253 million reported during the comparable quarter. The Street expected the company to report revenues of $356.60 million.
The company reported EBITDA of $111 million, a $90 million improvement over the first quarter of 2012.
Under the new dividend policy, the Board declared a quarterly dividend of CAD $0.60 per common share, payable on June 21 to shareholders of record on June 1.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.