STAMFORD, Conn. – International Paper Co., the world’s largest paper company, has reported first-quarter net earnings of $65 million and said the company is well positioned to take advantage of an economic rebound.

The gain of 13 cents per share compared with a net loss of $44 million, or 9 cents per share, for the same period last year.

Excluding one-time charges, IP reported profits of $58 million, or 12 cents per share.