Oct 28, 2011. /Lesprom Network/. Norbord Inc. is reporting a loss of $1 million in the 3Q 2011 compared to earnings of $1 million in the 2Q 2011. In the 3Q 2010, Norbord reported a loss of $4 million. Norbord’s EBITDA was $12 million in the 3Q. North American operations generated EBITDA of $5 million this quarter versus break-even in the prior quarter and $4 million in the same quarter last year. European operations generated EBITDA of $10 million this quarter versus $13 million in the prior quarter and $11 million in the same quarter last year. “We delivered positive EBITDA results again this quarter in spite of persistently difficult markets,” said Barrie Shineton, President and CEO. “I am especially pleased that our Margin Improvement Program continues to deliver better mill productivity and lower raw materials usage. Both are key to offsetting the negative impact of higher raw material input prices. In addition, our European business delivered another solid quarter. Panel prices have held up in the face of ongoing economic uncertainty across Europe and slowing consumer discretionary spending in the UK.” “While I still expect panel markets in Europe to soften, we did not see any meaningful impact on our business in the third quarter. In North America, we continue to respond to the stagnant housing market by shifting more of our sales volume to alternate end-uses.” “I’m also pleased with the modified financing arrangements we put in place this month. This gives us the financial flexibiity we need to manage what is clearly becoming an extended timeline for a housing recovery.”