International Paper Co.’s first-quarter profit nearly doubled, as lower spending and a big tax credit for alternative fuel use offset falling sales of paper and timberlands.

WINCHESTER, Va.—-Trex Company, Inc. , manufacturer and distributor of Trex® decking, railing, fencing and trim, today announced financial results for the first quarter ended March 31, 2009.

POULSBO, Wash.—-Pope Resources reported a net loss attributable to unitholders of 3,000, or 3 cents per diluted ownership unit, on revenue of .0 million for the quarter ended March 31, 2009.

POULSBO, Wash.—-Pope Resources reported a net loss attributable to unitholders of 3,000, or 3 cents per diluted ownership unit, on revenue of .0 million for the quarter ended March 31, 2009.

Shares of Masco Corp. fell sharply Tuesday, a day after the building-products maker posted a first-quarter loss and cut its 2009 profit estimate.

An analyst downgraded Weyerhaeuser Co. late Monday, saying the timber and wood products company’s shares are fairly valued following a recent rally in stock price.

Building-products maker Masco Corp. on Monday posted a loss for its first quarter as sales of new home construction products fell and consumer spending on home improvement products declined.