International Paper Q3 net earnings $165M ($0.47 EPS); adjusted EPS $0.64, revenue down 15% YoY to $4.6B

INTERNATIONAL PAPER CO /NEW/

2023-Q3 EPS reported $1.64 revenue$14,315,000,000

Adjusted operating earnings $224M ($0.64 per diluted share) vs $300M ($0.83) in Q3 2022.
Industrial Packaging operating profit $325M; Global Cellulose Fibers $27M; total segment profit $352M.
Completed sale of Ilim JV for $508M proceeds; Ilim reported as discontinued operations.
Returned $160M to shareholders in dividends; YTD total shareholder returns $679M including buybacks.
Cash from ops $468M; free cash flow $240M; Building a Better IP initiatives delivered $75M in Q3.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

INTERNATIONAL PAPER CO /NEW/ reported the fiscal quarter ended September 30, 2023 results: revenue $4,613, net income $165 million, EPS $0.47 per diluted share.

Period: the fiscal quarter ended September 30, 2023
Revenue: $4,613
Net income: $165 million
EPS: $0.47 per diluted share
Result: reported results

Exact text from the filing

to adjusted operating earnings is included later in this release. Select Financial Measures (In millions) Third Quarter 2023 Second Quarter 2023 Third Quarter 2022 Net Sales $ 4,613 $ 4,682 $ 5,402 Net Earnings (Loss) 165 235 951 Business Segment Operating Profit (Loss) 352 334 464 Adjusted Operating Earnings 224 204 300 Cash Provided By (Used For) Operations

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18 earnings releases filed in the last 30 days. Browse all earnings releases →

INTERNATIONAL PAPER CO /NEW/ filing history →

Source: SEC EDGAR

accession 0000051434-23-000047

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