May 03, 2010. /Lesprom Network/. Acadian Timber Corp. announced financial and operating results for the three-month period ended March 27, 2010. "We are pleased to report our operating and financial results for the 1Q," said Reid Carter, President and CEO of Acadian. "These results were in line with our expectations and demonstrate the continuing recovery of the North American wood products industry." "Increases in our operating activity are very apparent among Acadian's customers with most anticipating improved operating rates throughout the summer. Demand for spruce-fir sawlogs has been very strong with the majority of regional mills adding shifts and rebuilding log inventories," added Mr. Carter. Acadian Timber generated net sales of $20.4 million on consolidated volumes of 401 thousand cubic metres during the 1Q as compared to net sales of $26.2 million on consolidated volumes of 427 thousand cubic metres during the same period last year. EBITDA for the 1Q was $5.8 million or 28% of net sales, compared with EBITDA of $10.8 million or 41% of net sales for the comparable period in 2009. Acadian Timber announced a dividend of $0.05 per share, payable on July 15, 2010 to shareholders of record on June 30, 2010. Acadian Timber Corp. is a leading supplier of primary forest products in Eastern Canada and the Northeastern U.S. With a total of 2.4 million acres of land under management, Acadian Timber is the second largest timberland operator in New Brunswick and Maine.