GREY:ANSBF - Post by User
Post by
Tobuyornoton Jan 31, 2013 9:28am
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Post# 20916537
Norbord shows big profit jump in final quarter
Norbord shows big profit jump in final quarter Norbord shows big profit jump in final quarter of 2012 as U.S. builders rev up
TORONTO - Norbord Inc. (TSX:NBD) says it earned $72 million in 2012, more than half of it in the fourth quarter.
The wood panel manufacturer's net income in the three months ended Dec. 31 was US$38 million — beating analyst estimates by about $1 million.
The profit amounted to 86 cents US per basic share or 76 cents per share on a diluted basis.
Analysts had been looking for profit of 70 cents per share, or $37 million in total, according to estimates compiled by Thomson Reuters.
A year earlier, Toronto-based Norbord lost US$9 million in the fourth quarter and $11 million for the full financial year ended Dec. 31, 2011.
Let's see if ANS gets some reflected love...