secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000051434-23-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000005143423000047/0000051434-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000005143423000047/ip-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000051434-23-000047

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