Feb 10, 2009. /Lesprom Network/. Wausau Paper Corp. has recorded narrower net loss of $1.8 million, or $0.04 per share for 4Q, compared to net loss of $27.6 million, or $0.55 per share last year, the company said in a statement received by Lesprom Network. Excluding items, the company posted an adjusted 4Q net earnings of $1.4 million, or $0.03 per share, compared to a net loss of $2.4 million, or $0.05 per share, last year. Wausau Paper reported a 9% decline in net sales to $275.7 million, while shipments declined 22% as result of closure of Printing & Writing's Groveton, New Hampshire paper mill and Specialty Products' roll wrap operations, and the impact of fourth-quarter demand weakness. For the full-year 2008, the company posted a net loss of $15.8 million, or $0.32 per share, compared to net loss of $1.8 million, or $0.04 per share a year ago. Excluding items net earnings were $0.5 million, or $0.01 per share, compared to net earnings of $7.3 million, or $0.14 per share. Net sales for the 12-month period decreased 4% to $1.19 billion, while shipments declined 15%. Looking ahead, Wausau expects 1Q results to approximate breakeven levels. The outlook excludes timberland sales gains and anticipated expenses of $0.05 per share for towel machine rebuild and Printing & Writing's converting and distribution project. Adjusted net losses in the 1Q 2008 were $0.06 per share. Wausau Paper produces and markets fine printing and writing papers, technical specialty papers, and "away-from-home" towel and tissue products.