Feb 22, 2012. /Lesprom Network/. Clearwater Paper Corporation reported net earnings of $11.5 million, for the 4Q 2011, compared to net earnings of $37.8 million for the 4Q 2010. Excluding $1.8 million in after-tax charges related to the sale of Lewiston, Idaho sawmill on November 28, 2011, 4Q 2011 net earnings were $13.3 million, as the company said in a press release received by Lesprom Network. 4Q 2011 earnings before interest, taxes, depreciation and amortization, or EBITDA, was $52.2 million, compared to $34.6 million in the 4Q 2010. 4Q 2011 adjusted EBITDA, which excludes $2.9 million in pre-tax adjustments associated with the sale of the sawmill, was $55.1 million. 4Q 2010 adjusted EBITDA, which excludes $17.2 million in pre-tax Cellu Tissue acquisition related expenses, was $51.9 million. "We reported record net sales of nearly $2 billion in 2011 and remain excited about our growing tissue business,” said Gordon Jones, Chairman and CEO. “Our new tissue machine and additional converting lines at Shelby, North Carolina are on budget and scheduled for start-up in December 2012.” Clearwater Paper manufactures quality consumer tissue, away-from-home tissue, parent roll tissue, machine glazed tissue, bleached paperboard and pulp at 15 manufacturing locations in the U.S. and Canada.