May 15, 2009. /Lesprom Network/. Ainsworth Lumber Co. Ltd. has posted a quarterly net loss of $54.2 million. Last year, in the 1Q 2008, Ainsworth posted a net loss of $88.2 million, as ForestTalk informed Lesprom Network. Ainsworth's primary market for their structural panels in the U.S. - a market that is experiencing a severe recession. Ainsworth does not expect U.S. market conditions to improve in the near term. Canadian housing market conditions also weakened in 2008 and the outlook is uncertain for 2009 and beyond. On July 29, 2008 Ainsorth completed a recapitalization plan that resulted in a realignment of equity and non-equity interests. The outcome of the recapitalization was a significant de-leveraging of their balance sheet. Total debt and cash interest expense was reduced, leading Ainsworth to believe they are in a significantly better position to meet future market challenges.