Loading...
•
Mar 31, 2024
International Paper Q1 2024 Earnings Report
Reported mixed results due to the negative impact of the January freeze and Ixtac, Mexico fire, but strategic initiatives showed progress.
Key Takeaways
International Paper reported first quarter net earnings of $56 million ($0.16 per diluted share) and adjusted operating earnings (non-GAAP) of $61 million ($0.17 per diluted share). Results were negatively impacted by approximately $52 million (pre-tax) due to the January freeze and Ixtac, Mexico fire. Cash provided by operations was $395 million, and $161 million was returned to shareholders in dividends.
Net earnings for the first quarter were $56 million ($0.16 per diluted share).
Adjusted operating earnings for the first quarter were $61 million ($0.17 per diluted share).
The first quarter results were negatively impacted by approximately $52 million (pre-tax) due to the January freeze and Ixtac, Mexico fire.
Cash provided by operations for the first quarter was $395 million, and $161 million was returned to shareholders in dividends.
Revenue by Segment
Forward Guidance
International Paper is positioning itself for future success with a new CEO, cost management, and strategic initiatives.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...