Mar 02, 2012. /Lesprom Network/. For the 4Q 2011, Ainsworth Lumber recorded net income from continuing operations of $1.7 million, compared to $2.8 million in the 4Q 2010, as the company said in a press release received by Lesprom Network. Sales increased 26% from the 4Q 2010, to $69.5 million in the 4Q 2011, due to a reduction in downtime taken by three active mills from eleven weeks in 2010 to five weeks in 2011. Adjusted EBITDA for the 4Q was $2.7 million compared to adjusted EBITDA of negative $1.8 million in the same quarter last year. For the year ended December 31, 2011, Ainsworth recorded net income from continuing operations of $7.6 million, compared to net income of $12.7 million in 2010. Sales decreased 11% to $293.3 million due to a significant drop in OSB pricing, most notably in Western Canada. Adjusted EBITDA for 2011 was $12.5 million compared to adjusted EBITDA of $59.3 million in 2010. Ainsworth President and COO Jim Lake said, "2011 was clearly another challenging year for our industry. However, I am pleased that Ainsworth posted positive adjusted EBITDA and net income results for the year ending December 31, 2011. Although we are not satisfied with these results, we take some measure of pride in achieving positive results in a year that hit an all-time low of 420,000 single-family housing starts in the United States and a strong Canadian dollar." Ainsworth is a leading Canadian forest products company, headquartered in Vancouver, Canada, with a reputation for the highest quality in engineered wood products.