---
schema_version: "secwatch.filing_event.v1"
accession: "0000051434-23-000047"
form_type: "8-K"
ticker: "IP"
cik: "0000051434"
company_name: "INTERNATIONAL PAPER CO /NEW/"
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T09:05:48.635202+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000051434-23-000047
- form_type: 8-K
- ticker: IP
- cik: 0000051434
- company_name: INTERNATIONAL PAPER CO /NEW/
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/51434/000005143423000047/0000051434-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/51434/000005143423000047/ip-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000051434-23-000047
- JSON: https://secwatch.observer/filing/0000051434-23-000047.json
- Plain text: https://secwatch.observer/filing/0000051434-23-000047.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/51434/000005143423000047/0000051434-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.