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Sep 30, 2020
International Paper Q3 2020 Earnings Report
Reported solid results and generated strong cash from operations in a dynamic environment.
Key Takeaways
International Paper reported third quarter net earnings attributable to International Paper of $204 million ($0.52 per diluted share) compared with $266 million ($0.67 per diluted share) in the second quarter of 2020 and $344 million ($0.87 per diluted share) in the third quarter of 2019. Third quarter adjusted operating earnings (non-GAAP) were $280 million ($0.71 per diluted share) compared with $305 million ($0.77 per diluted share) in the second quarter of 2020 and $431 million ($1.09 per diluted share) in the third quarter of 2019. Third quarter cash provided by operations was $735 million.
Third quarter net earnings attributable to International Paper of $204 million ($0.52 per diluted share) compared with $266 million ($0.67 per diluted share) in the second quarter of 2020 and $344 million ($0.87 per diluted share) in the third quarter of 2019
Third quarter adjusted operating earnings (non-GAAP) of $280 million ($0.71 per diluted share) compared with $305 million ($0.77 per diluted share) in the second quarter of 2020 and $431 million ($1.09 per diluted share) in the third quarter of 2019
Third quarter cash provided by operations of $735 million and year-to-date of $2.3 billion compared with $2.7 billion year-to-date in the same period of 2019
Third quarter debt reduction of $760 million, bringing year-to-date 2020 to $1.1 billion
Revenue by Segment
Forward Guidance
As we enter the fourth quarter, we see continued momentum in demand for corrugated packaging, and we will again leverage the commercial and operating strengths of International Paper with a focus on cash generation and maintaining a strong balance sheet.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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