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
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.
Visualization of income flow from segment revenue to net income