Mar 07, 2012. /Lesprom Network/. Verso Paper’s net sales for the 4Q 2011 increased $42.6 million, or 10.4%, compared to the 4Q 2010, reflecting a 6.2% increase in sales volume and a 4% increase in the average sales price for all of products, as the company said in a press release received by Lesprom Network. During the 4Q 2011, Verso recorded special items totaling $51.5 million primarily related to restructuring costs associated with the shutdown of three paper machines, goodwill impairment, and the negative impact of de-designating certain hedges. In the 4Q 2011, Verso reported a net loss of $67.9 million, and an operating loss of $36 million including special items. Excluding special items, net loss was $16.4 million, or adjusted diluted loss per share of $0.31, and operating income was $15.6 million for the 4Q 2011. Adjusted EBITDA before pro forma effects of profitability program was $47.7 million for the 4Q 2011 compared to $50.5 million for the 4Q 2010. “The 4Q 2011 was one of significant activity for Verso driven by the execution of previously announced strategies relative to the machine closures at two of our facilities, said Mike Jackson, President and CEO of Verso. “These closures were accomplished in a timely and professional manner through the coordinated efforts of our employees. We expect these closures to have a favorable EBITDA impact during 2012. “Market conditions in the 4Q were challenged by the seasonal slow-down as well as the tepid economic recovery. However, our sales volumes for the quarter were favorable compared to the 4Q 2010. Our outlook for 2012 continues to see a balance of supply and demand which should support favorable operating rates.” Verso’s net sales for 2011 increased $117.2 million, or 7.3%, compared to 2010, reflecting a 9.4% increase in the average sales price for all of products while sales volume decreased 2% compared to 2010. Verso’s gross margin was 15.2% in 2011 compared to 12.1% in 2010. For the year ended December 31, 2011, Verso recorded special items totaling $82.8 million primarily related to restructuring costs associated with the shutdown of three paper machines, losses related to debt refinancing, goodwill impairment, and the negative impact of de-designating certain hedges. In 2011, Verso reported a net loss of $137.1 million, and operating income of $15.7 million including special items. Excluding special items, net loss was $54.3 million, or adjusted diluted loss per share of $1.02, for the year ended December 31, 2011. Verso Paper Corp. is a leading North American producer of coated papers, including coated groundwood and coated freesheet, and specialty products.