International Paper Q1 2023 Earnings Report
Key Takeaways
International Paper reported first quarter net earnings of $172 million, or $0.49 per diluted share. Adjusted operating earnings were $185 million, or $0.53 per diluted share. The company saw benefits from its 'Building a Better IP' initiatives and lower input costs, and returned $319 million to shareholders.
Net earnings were $172 million ($0.49 per diluted share); adjusted operating earnings (non-GAAP) were $185 million ($0.53 per diluted share).
'Building a Better IP' initiatives delivered $65 million of incremental year-over-year earnings benefit.
Cash provided by operations was $345 million; free cash flow was $4 million, including a $193 million final payment to the IRS for the timber monetization restructuring settlement.
$319 million was returned to shareholders through $157 million in share repurchases and $162 million in dividends.
International Paper
International Paper
International Paper Revenue by Segment
Forward Guidance
The company expects the demand environment to improve throughout the year as customer inventory destocking runs its course. They remain focused on serving customers' needs, while optimizing their system to drive out high marginal costs and maximizing value for stakeholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income