earnings
confidence high
sentiment negative
materiality 0.65
International Paper reports Q3 2024 net earnings of $150M; adjusted EPS $0.44, above outlook
INTERNATIONAL PAPER CO /NEW/
2024-Q3 EPS reported
$1.99
revenue$14,039,000,000
- Net earnings $150M ($0.42 diluted EPS); adjusted operating EPS $0.44, above company outlook.
- Cash from operations $521M; returned $161M to shareholders as dividends.
- Higher prices partially offset by higher costs and lower volumes; box demand moderately improving.
- Exploring strategic options for Global Cellulose Fibers business; DS Smith deal expected close in early Q1 2025.
- Organizational restructuring, corporate cost reductions, and facility closures underway to reduce costs.