Apr 30, 2009. /Lesprom Network/. International Paper Co. reported preliminary 1Q net earnings of $257 million or $0.61 per share compared to earnings of $133 million or $0.31 per share in the 1Q 2008. Earnings from continuing operations and before special items in the 1Q totaled $34 million or $0.08 per share, compared to $175 million or $0.41 per share in the 1Q 2008. Quarterly net sales were $5.7 billion compared to $5.7 billion in the 1Q 2008. International Paper is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company.