Jan 29, 2008. /Lesprom Network/. Smurfit-Stone Container Corporation reported 4Q 2007 adjusted net income of $23 million, or $0.09 per diluted share. These results represent a $0.03 per share improvement compared to adjusted net income of $14 million, or $0.06 per share, in the prior year quarter. For full year 2007, adjusted net income was $44 million, or $0.17 per share, an increase of $0.32 per share compared to an adjusted net loss of $39 million, or $0.15 per share, in 2006. Adjusted net income (loss) reflects adjustments to net income (loss) available to common stockholders, as detailed above. Adjustments to the company's 2007 net loss of $0.45 per diluted share include a $0.38 per share loss related to the sale of assets in the 3Q 2007 and a $0.20 per share non-cash foreign currency translation loss. Sales were $1.84 billion for the 4Q 2007 compared to $1.82 billion in the prior year quarter. Full year 2007 sales were $7.42 billion representing a 3.7 percent increase over 2006 sales of $7.16 billion. The company said it expects 1Q earnings to rise year over year due to higher average prices and savings from its restructuring program, but that it expects profits in that quarter to be lower than 4Q earnings due to seasonal factors. Smurfit-Stone Container Corporation is the industry's leading integrated containerboard and corrugated packaging producer and is one of the world's largest paper recyclers.