secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000051434-23-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IP posts Q4 net loss $318M on $533M Ilim impairment; adjusted EPS $0.87, up 43% YoY
--------------------------------------------------------------------------------

- Full-year 2022 revenue $21.16B (+9% YoY); adjusted operating earnings $1.17B (+24%).
- Q4 adjusted operating earnings $309M ($0.87/diluted share) vs $235M ($0.61) in Q4 2021.
- Q4 net loss ($318M) includes $533M non-cash Ilim impairment; agreement to sell Ilim stake announced.
- Industrial Packaging op profit $416M in Q4, up from $369M Q3; Global Cellulose Fibers $35M, down from $95M.
- Returned $1.93B to shareholders in 2022 via buybacks ($1.26B) and dividends ($673M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000005143423000003/0000051434-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000005143423000003/ip-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000051434-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer