Oct 31, 2012. /Lesprom Network/. Acadian Timber Corp. reported financial and operating results1 for the 3Q ended September 29, 2012. Acadian generated net sales of $17.5 million during the 3Q 2012. While the sales volume during the quarter fell to 319 thousand cubic metres from 341 thousand cubic metres in the same quarter of 2011, a 3% year-over-year increase in the weighted average selling price across all log products kept net sales consistent with the 3Q 2011, as the company said in the press release received by Lesprom Network. Adjusted EBITDA of $4.4 million for the 3Q 2012 was $0.6 million higher than in the 3Q 2011, while Adjusted EBITDA margin increased to 25% from 22% in the same period of last year. "The markets for softwood and hardwood sawlogs and hardwood pulpwood were relatively stable during the 3Q", said Reid Carter, CEO of Acadian. "Acadian's major softwood sawmill and structural panel customers operated continuously throughout the quarter and most regional pulp and paper mills continued to run at full capacity." For the nine months ended September 29, 2012, Acadian generated net sales of $50.4 million on sales volume of 976 thousand cubic metres as compared to net sales of $51 million on sales volume of 1,010 thousand cubic metres in the comparable period of 2011. Adjusted EBITDA of $11.3 million during the nine months ended September 29, 2012 is $0.3 million lower than the comparable period of 2011. Acadian announced a dividend of $0.20625 per share, payable on January 15, 2013 to shareholders of record on December 31, 2012. 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 is the second largest timberland operator in New Brunswick and Maine.