Last C$25.88 CAD
Change Today +0.12 / 0.47%
Volume 28.2K
NBD On Other Exchanges
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As of 10:14 AM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

norbord inc (NBD) Snapshot

Open
C$25.62
Previous Close
C$25.76
Day High
C$26.05
Day Low
C$25.62
52 Week High
03/7/14 - C$31.19
52 Week Low
10/10/14 - C$20.14
Market Cap
1.4B
Average Volume 10 Days
416.0K
EPS TTM
C$0.35
Shares Outstanding
53.5M
EX-Date
02/25/15
P/E TM
59.8x
Dividend
C$1.00
Dividend Yield
7.92%
Current Stock Chart for NORBORD INC (NBD)

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norbord inc (NBD) Details

Norbord Inc., together with its subsidiaries, manufactures, sells, markets, and distributes wood-based panels for retail chains, contractor supply yards, and industrial customers primarily in North America and Europe. The company offers oriented strand board for use in sheathing, flooring, and roofing in home construction applications; particleboard that is used in flooring and other construction applications; and medium density fiberboard for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures. It markets its products under the Pinnacle, Stabledge, Truflor, Tallwall, Trubord, Windstorm, SolarBoard, SterlingOSB, Caberwood MDF, Conti, and Caberboard brand names. The company was formerly known as Nexfor Inc. and changed its name to Norbord Inc. in June 2004. Norbord Inc. was founded in 1987 and is headquartered in Toronto, Canada. As of January 27, 2015, Norbord Inc. operates as a subsidiary of Brookfield Asset Management Inc.

1,900 Employees
Last Reported Date: 01/28/15
Founded in 1987

norbord inc (NBD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$317.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$302.5K
Senior Vice President of European Operations
Total Annual Compensation: C$280.0K
Vice President of Sales, Marketing & Logistic...
Total Annual Compensation: C$225.3K
Compensation as of Fiscal Year 2013.

norbord inc (NBD) Key Developments

Norbord, Inc. Reports Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides CapEx Guidance for 2015

Norbord, Inc. reported audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the year, the company reported adjusted EBITDA of $90 million in 2014 compared to $287 million in 2013. The company generated earnings of $26 million or $0.48 per share diluted compared to $149 million or $2.79 per share diluted in 2013. The company reported sales of $1,198 million compared to $1,343 million, earnings before finance costs, costs related to Ainsworth combination, costs on early debt extinguishment, income tax and depreciation of $90 million compared to $287 million, earnings before income tax and depreciation of $55 million compared to $230 million, cash provided by operating activities of $29 million compared to $244 million and investment in property, plant and equipment activities of $81 million compared to $79 million for the last year. Significantly lower North American OSB prices and higher key input prices were the key drivers of the year-over-year adjusted EBITDA decrease. Operating activities generated $0.54 per share in cash in 2014 compared to $4.78 per share in 2013. The lower 2014 cash generation was driven by the lower adjusted EBITDA. Capital investments totaled $78 million in 2014, down slightly from the $83 million invested the previous year. The company recorded earnings of $3 million or $0.06 per share basic and diluted in the fourth quarter of 2014 versus $2 million or $0.04 per share basic and diluted in the same quarter of 2013. Sales for the three months ended Dec. 31, 2014 $282 million, down from $302 million in both the year-earlier period and the third quarter of 2014. The company said the strengthening of the U.S. dollar reduced sales compared with the previous quarter, while the main reason for the $20 million reduction in sales year-over year was soft prices for oriented strand board. Adjusted EBITDA was $15 million against $29 million last year. The quarter-over-quarter annual year-over-year decrease was primarily driven by the lower North American OSB prices. After 2 years of significant capital investment, the company has reduced 2015 CapEx target to $50 million, as the company will be focused on the integration with Ainsworth. This year's program will include the ongoing rollout of fine-tuning technology at several mills as well as maintenance and several smaller strategic investments. These are all part of multiyear strategy to de-bottleneck and lower manufacturing cost across mills. The work at Huguley also continues but at a slower pace given the gradual recovery in U.S. housing. At this point, the company doesn't expect to restart the mill in 2015.

Norbord, Inc. Declares a Dividend, Payable on March 21, 2015

On January 27, 2015, Norbord's Board declared a quarterly dividend of CAD 0.25 per common share, payable on March 21, 2015 to shareholders of record on March 1, 2015.

Norbord, Inc., Board Meeting, Jan 27, 2015

Norbord, Inc., Board Meeting, Jan 27, 2015.

 

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Industry Analysis

NBD

Industry Average

Valuation NBD Industry Range
Price/Earnings 43.0x
Price/Sales 0.9x
Price/Book 3.1x
Price/Cash Flow 12.9x
TEV/Sales 0.5x
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