secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000051434-24-000029
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Paper Q1 adj EPS $0.17 vs $0.53 YoY; revenue $4.62B; DS Smith deal on track
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- Q1 net earnings $56M ($0.16 diluted EPS); adjusted EPS $0.17 vs $0.53 YoY.
- Revenue $4.62B, down 8% YoY from $5.02B; cash from ops $395M; free cash flow $144M.
- Results hit by ~$52M pre-tax from winter freeze and Ixtac, Mexico fire.
- Industrial Packaging op profit $216M (down from $315M Q4); Global Cellulose Fibers loss $47M.
- CEO transition: Sutton retires May 1, Silvernail becomes CEO; DS Smith acquisition ($9.9B EV) expected Q4 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000005143424000029/0000051434-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000005143424000029/ip-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000051434-24-000029

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