OSB - Norbord Inc.

NYSE - NYSE Delayed Price. Currency in USD
23.88
-0.08 (-0.33%)
At close: 4:02PM EDT
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Previous Close23.96
Open23.61
Bid23.85 x 800
Ask0.00 x 1100
Day's Range23.58 - 24.04
52 Week Range19.46 - 35.83
Volume72,937
Avg. Volume159,060
Market Cap1.958B
Beta (3Y Monthly)1.72
PE Ratio (TTM)22.59
EPS (TTM)1.06
Earnings DateN/A
Forward Dividend & Yield1.20 (4.82%)
Ex-Dividend Date2019-08-29
1y Target Est35.18
Trade prices are not sourced from all markets
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  • CNW Group

    Norbord Announces Reduced Production Schedule for Line 1 At Cordele, Georgia OSB Mill

    TORONTO , Aug. 29, 2019 /CNW/ - Norbord Inc. (TSX and NYSE: OSB) today announced that effective September 5th , Line 1 of its two-line oriented strand board (OSB) mill in Cordele, Georgia will operate on a reduced 10/4 schedule until further notice due to continued poor market conditions. US homebuilding activity has been pulling back since the fall of last year, resulting in lower-than-anticipated OSB demand to-date. The reduced production schedule at Cordele Line 1 will ensure Norbord continues to only produce what the company can sell as the market approaches the seasonally slower winter months.

  • CNW Group

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  • Norbord (OSB) Reports Q2 Loss, Lags Revenue Estimates
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  • CNW Group

    Norbord Reports Second Quarter 2019 Results; Declares Quarterly Dividend

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  • Analysts Estimate Norbord (OSB) to Report a Decline in Earnings: What to Look Out for
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  • CNW Group

    Norbord's High Level, Alberta OSB Mill Resumes Production

    TORONTO , June 24, 2019 /CNW/ - Norbord Inc. (TSX and NYSE: OSB) today reported that its OSB mill in High Level, Alberta was cleared to restart, and safely resumed normal operations over the weekend. The MacKenzie County mandatory evacuation order and town of High Level evacuation alert were both lifted this afternoon and MacKenzie County remains under an evacuation alert.

  • PR Newswire

    Norbord Announces Pricing of Senior Secured Notes Offering

    TORONTO, June 19, 2019 /PRNewswire/ - Norbord Inc. ("Norbord" or the "Company") (TSX and NYSE: OSB) today announced that it has priced its offering of US$350 million in aggregate principal amount of senior secured notes (the "Notes") at par.  The Notes will be due 2027 and will bear interest at an annual rate of 5.750%.  The Company expects to close the offering of the Notes on June 24, 2019, subject to the satisfaction of customary closing conditions. As previously announced, the Notes will rank pari passu with the Company's existing 5.375% Senior Secured Notes due 2020 (the "2020 Notes") and 6.250% Senior Secured Notes due 2023 and committed revolving bank lines. The Notes were offered by a syndicate of initial purchasers by way of a private placement under applicable securities laws.

  • Reuters

    Norbord temporarily halts production at Alberta's High Level mill

    The company said the move was in accordance with an evacuation order on Monday in MacKenzie County due to wildfire. All mill employees have been safely evacuated and no injuries have been reported so far, Norbord said, adding that it also expects an evacuation order for the town of High Level.

  • Moody's

    Norbord Inc. -- Moody's rates Norbord's new notes Ba1; outlook stable

    Moody's Investors Service, (Moody's) assigned a Ba1 rating to Norbord Inc.'s ("Norbord") new $350 million senior secured notes offering. Norbord intends to use the net proceeds of this offering to redeem the $240 million 5.375% senior secured notes that mature in 2020 and the remaining proceeds will be used for general corporate purposes. Norbord Inc. (Ba1 stable) benefits from its leading market share (29%) in North American oriented strand board (OSB) manufacturing, an increasing presence in the more stable European OSB market (third largest producer with 10% market share), strong liquidity, low cost assets and normalized leverage (adjusted debt to EBITDA) of 1.8x using 6 year average EBITDA and current debt levels.

  • CNW Group

    Norbord Reports Fire Near High Level, Alberta OSB Mill

    TORONTO , June 18, 2019 /CNW/ - Norbord Inc. (TSX and NYSE: OSB) today reported that its OSB mill in High Level, Alberta has temporarily suspended production due to the wild fires burning nearby in the region and in order to comply with an evacuation order in MacKenzie County.  The Company also anticipates an evacuation order being issued for the town of High Level . All non-essential mill employees have been safely evacuated and no injuries have been reported. At this time, Norbord is assessing the impact to its production schedule.

  • CNW Group

    Norbord Announces Proposed Senior Secured Notes Offering

    TORONTO , June 18, 2019 /CNW/ - Norbord Inc. ("Norbord" or the "Company") (TSX and NYSE: OSB) today announced its intention, subject to market and other conditions, to launch an offering of approximately US$350 million in aggregate principal amount of senior secured notes (the "Notes"). The Notes will rank pari passu with the Company's existing 5.375% Senior Secured Notes due 2020 (the "2020 Notes") and 6.250% Senior Secured Notes due 2023 and committed revolving bank lines.  The Notes will be offered by a syndicate of initial purchasers by way of a private placement under applicable securities laws. Norbord intends to use the net proceeds from this offering to redeem for cash all of the outstanding 2020 Notes, including the associated "make-whole" premium required for such redemption, issued pursuant to a trust indenture ("2020 Note Indenture") in accordance with the terms and conditions of the 2020 Note Indenture.

  • PR Newswire

    Norbord Announces Indefinite Curtailment of 100 Mile House OSB Mill in British Columbia

    TORONTO, June 11, 2019 /PRNewswire/ - Norbord Inc. (TSX and NYSE: OSB) today announced its intention to indefinitely curtail production at its oriented strand board (OSB) mill in 100 Mile House, British Columbia starting in August 2019. Norbord will continue to supply its current customers and meet expected future customer demand with production from its 11 other operating North American OSB mills, including High Level and Grande Prairie, Alberta.