Oct 25, 2012. /Lesprom Network/. Norbord Inc. reported EBITDA of $66 million in the third quarter of 2012 compared to $31 million in the second quarter of 2012 and $12 million in the third quarter of 2011. North American operations generated EBITDA of $58 million in the quarter versus $26 million in the prior quarter and $5 million in the same quarter last year. European operations generated EBITDA of $10 million in the third quarters of 2012 and 2011 versus $9 million in the prior quarter, as the company said in the press release received by Lesprom Network. Norbord recorded earnings of $28 million or $0.64 per share ($0.61 per share diluted) in the third quarter of 2012. This compares to earnings of $6 million or $0.14 per share in the prior quarter and a loss of $1 million or $0.02 per share in the same quarter last year. “This is our best sustained quarterly EBITDA result since the second quarter of 2006,” said Barrie Shineton, President and CEO. “This positive trend is due entirely to stronger demand from US new home construction that pushed North American OSB prices sharply higher this quarter. While prices have declined recently, they are still at very robust levels. The housing recovery is accelerating, consumer spending is picking up and both are key to a US economic recovery. All of this suggests that OSB demand will continue to improve over the next several years.” “In Europe, our panel business delivered another positive quarterly result. The UK housing market remains stable and our construction panel business is holding up in spite of the economic challenges on the Continent. Our strong market position and ongoing currency advantage point to another solid result next year from our European operations.”