International Paper sees sales up in Q1 2021, to $5.4B April 30, 2021 April 30, 2021 Topics International Paper has released its results for the first quarter of 2021, citing sales of $5.4 billion, up slightly from the year-ago period and from the $5.2 billion in sales in Q4 2020. Net earnings (loss) were $349 million ($0.88 per diluted share), compared to $153 million ($0.39 per diluted share) in the fourth quarter of 2020 and $(141) million ($(0.36) per diluted share in the first quarter of 2020. First quarter 2020 net earnings included an after-tax charge of $337 million ($0.85 per diluted share) for the impairment of the net assets and write-off of foreign currency translation adjustment following the announcement of the sale of the Brazil Packaging business.