Nov 05, 2010. /Lesprom Network/. Ainsworth Lumber Co. Ltd. recorded adjusted EBITDA of $8.8 million in the 3Q 2010, an increase of $6.2 million compared to $2.6 million recorded in the 3Q 2009. Adjusted EBITDA margin on sales was 10.9% compared to 3.3% in the 3Q 2009. This improvement was primarily the result of a $6 million improvement in gross profit, company said in a statement received by Lesprom Network. Ainsworth recorded net income from continuing operations of $10.1 million in the 3Q 2010, compared to net income of $22.3 million in the 3Q 2009, despite an increase in gross profit of $6 million. This reduction is primarily due to a $30 million decrease in the unrealized foreign exchange gain on long-term debt. Ainsworth President and CEO Rick Huff said, "We are pleased to report another quarter of strong performance for Ainsworth in terms of sales and EBITDA margins, despite a sharp decline in OSB prices. While macro economic trends in the U.S. indicate that a recovery in home building will be protracted, Ainsworth, as evidenced by its performance in the third quarter, is continuing to build a solid foundation for the business. Our aim is to have the flexibility to capitalize on near-term opportunities as well as the financial strength and incremental capacity to take full advantage of a return to normalized building over the longer-term." "As we look ahead to the 4Q and the end of 2010, we will continue to fine tune our operations, capitalize on opportunities to grow our share in international markets, and further expand the mix of value-added product sales," added Mr. Huff. Sales of $81.1 million in the 3Q 2010 were $2.3 million higher than sales of $78.8 million for the same period in 2009. The increase in sales was due to an 8.3% increase in realized sales price offset by a 5.0% decrease in volume as compared to the high production rates achieved in the 3Q 2009. Ainsworth is a leading Canadian forest products company, headquartered in Vancouver, Canada, with a reputation for the highest quality in engineered wood products.