Feb 2 (Reuters) - Norbord Inc:
* NORBORD REPORTS RECORD 2017 EARNINGS; DECLARES QUARTERLY DIVIDEND
* Q4 ADJUSTED EARNINGS PER SHARE $1.41
* “DEMAND IN ALL OUR CORE MARKETS REMAINS STRONG”
* IN NORTH AMERICA, EXPECT NEW HOME CONSTRUCTION ACTIVITY AND OTHER OSB END USES TO SUPPORT FURTHER DEMAND GROWTH
* FUNDAMENTALS IN KEY MARKETS REMAIN FAVOURABLE AND LOOK FORWARD TO FURTHER GROWTH FROM ALL SEGMENTS OF BUSINESS
* REPORTED Q4 AND FULL-YEAR 2017 INCOME TAX EXPENSE INCLUDES NON-RECURRING $35 MILLION NET RECOVERY
* EUROPEAN BUSINESS IS “POISED FOR IMPROVED EARNINGS” NEXT YEAR AS OSB SUBSTITUTION FOR PLYWOOD DRIVES ACCELERATED DEMAND GROWTH
* PRODUCTION FROM EXPANDED INVERNESS MILL WILL NOT INCREASE MARKEDLY FROM 2017
* NORBORD’S 2018 CAPITAL EXPENDITURE BUDGET IS $175 MILLION FOR PROJECTS
* Q4 EARNINGS PER SHARE VIEW $1.26, REVENUE VIEW $617.7 MILLION -- THOMSON REUTERS I/B/E/S
* BELIEVE WILL SEE FURTHER PRICE MOMENTUM IN 2018 IN RELATION TO EXPANDED INVERNESS MILL Source text for Eikon: Further company coverage:
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