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Mar 31, 2020
International Paper Q1 2020 Earnings Report
Reported a net loss due to Brazil Packaging business sale announcement and COVID-19 impacts, but took actions to strengthen liquidity.
Key Takeaways
International Paper reported a net loss of $(141) million for Q1 2020, impacted by a charge related to the sale of its Brazil Packaging business and the COVID-19 pandemic. Adjusted operating earnings were $226 million. The company is taking steps to strengthen liquidity amidst the uncertain environment.
First quarter net loss attributable to International Paper was $(141) million ($(0.36) per diluted share).
First quarter adjusted operating earnings (non-GAAP) were $226 million ($0.57 per diluted share).
Cash provided by operations was $649 million.
The company monetized $250 million of ownership position in Graphic Packaging.
Revenue by Segment
Forward Guidance
Given the unprecedented uncertainty regarding the ultimate economic impact of COVID-19, we are taking prudent steps to further strengthen the company’s liquidity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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