Jul 26, 2012. /Lesprom Network/. Norbord Inc. reported EBITDA of $31 million in the second quarter of 2012 compared to $10 million in the same quarter last year and $21 million in the first quarter of 2012. North American operations generated EBITDA of $26 million in the quarter versus break-even last year and $14 million in the prior quarter. European operations generated EBITDA of $9 million in the quarter versus $13 million last year and $11 million in the prior quarter, as the company said in the press release received by Lesprom Network. Norbord recorded earnings of $6 million or $0.14 per share in the second quarter of 2012 compared to earnings of $1 million or $0.03 per share in the same quarter last year and break-even earnings in the prior quarter. Earnings in the second quarter of 2011 included a $7 million or $0.16 per share income tax recovery due to the recognition of a non-recurring income tax benefit. Excluding the impact of this non-recurring item, the loss in the second quarter of 2011 was $6 million or $0.14 per share. “We are finally seeing a more sustainableUShousing market recovery and this is flowing through to our bottom line,” said Barrie Shineton, President and CEO. “North American benchmark OSB prices moved steadily higher through the quarter and we more than tripled our EBITDA result compared to the same quarter last year. Improving US housing activity, strong homebuilder backlogs and the lean supply chain suggest a positive OSB pricing environment through the rest of the year.” “In Europe, our business has continued to perform well in spite of increasing economic uncertainty and I believe we will continue to generate solid results through the second half of the year.”