International Paper Q2 2024 net earnings $1.41/shr on tax benefit; adjusted EPS $0.55

INTERNATIONAL PAPER CO /NEW/

2024-Q2 EPS reported $1.57 revenue$9,353,000,000

Net earnings of $498M ($1.41/shr) includes $338M tax benefit from legal entity restructuring.
Adjusted operating earnings $193M ($0.55/shr) vs $0.59/shr a year ago; sequential improvement.
Cash from operations $365M; returned $160M to shareholders in dividends during Q2.
CEO cites sequential improvement but expects near-term challenges; deploying 80/20 process.
Looks forward to DS Smith combination to create significant shareholder value.

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