McDonnell Douglas said it earned $91.7 million...

McDonnell Douglas said it earned $91.7 million on sales of $2.7 billion in the first three months of 1985, a 36% increase from the previous year. The results include a one-time gain of $10 million from the sale of land in El Segundo. The St. Louis-based company said its combat aircraft and transport aircraft segments both had higher earnings in the 1985 first quarter compared to the same period a year ago. Order backlog on March 31 was $14.9 billion, compared to $14.5 billion a year earlier, company officials said. Total backlog was about $24.5 billion, compared to $22.6 billion.

Wheeling-Pittsburgh Steel, which filed April 16 for reorganization under Chapter 11 after failing to win concessions from its lenders and production employees, reported a net loss of $59.3 million in 1984, up from $54 million the year before, on sales that rose 36% to $1.04 billion over the comparable period. The 1984 net loss included $49.8 million for the fourth quarter, when sales increased by 14% over the year-earlier period to $251 million but operating losses reached $36.9 million. Chairman Dennis J. Carney blamed a surge of imported steel and “severe price erosion from industrywide discounting.”

For detailed data and results of other companies, please see accompanying tables.