Norbord's business strategy is focused entirely on the wood panels sector - in particular OSB - in North America and Europe. Our strategy is composed of the following six key components:
  1. Develop world class safety culture.
  2. Pursue growth in OSB.
  3. Own high-quality assets with low-cost positions.
  4. Maintain a margin-focused operating culture.
  5. Focus on growth customers.
  6. Allocate capital with discipline.
Norbord is of the view that the successful execution of this strategy will provide real value for our shareholders over the cycle.
 
The information posted on this section of the website was accurate at the time of posting but may have been superseded by subsequent disclosures.
 

Summary of Financial Performance


$US millions, unless otherwise noted

Three Months Ended

Year End
  1st Qtr
2010		   1st Qtr
2009		   Dec 31
2009		   Dec 31
2008		  
Key Performance Metrics
Return on Capital Employed 4 % (7) % 0 % (6) %
Return on Equity (ROE) (6) % (29) % (19) % (37) %
Cash provided by (used for) operating activities $2   $(105)   (35)   $(13)  
Cash provided by (used for) operating activities, per share $0.05 (2.49) $(0.82) $(0.86)
 
Net Sales and Earnings
Net Sales and Earnings $184 $156 $718 $943
EBITDA 9 (14) 0 (60)
Earnings (5) (22) (58) (115)
Earnings per common share - diluted $(0.12) $(0.52) $(1.35) $(7.62)
 
Select Balance Sheet Data
Operating working capital $13 $25 $(42) $(53)
Total Working Capital 27 51 36 (20)
Total assets 1,002 1,064 1,043 1,044
Net debt 444 501 446 477
Common shareholders' equity 322 363 334 268
 
Key Statistics
OSB Shipments (MMsf 3/8") 769 688 3,218 4,088
Average OSB price – North Central ($/Msf 7/16") $212 $154 $163 $172
Average OSB price – South East ($/Msf 7/16") $197 $139 $148 $143
Average OSB price – Europe (€/m3) € 180 € 183 € 168 € 203
 
Net debt to total capitalization, market basis 43 % 31 % 48 % 32 %
Net debt to total capitalization, book basis 58 % 58 % 58 % 61 %