International Paper reported third quarter net earnings of $150 million ($0.42 per diluted share) and adjusted operating earnings (non-GAAP) of $153 million ($0.44 per diluted share). Higher prices across the portfolio and a moderately improving box demand environment supported these results.
Third quarter net earnings were $150 million ($0.42 per diluted share).
Third quarter adjusted operating earnings (non-GAAP) were $153 million ($0.44 per diluted share).
Cash provided by operations was $521 million, and $161 million was returned to shareholders in dividends.
The company is exploring strategic options for its Global Cellulose Fibers business.
International Paper expects the combination with DS Smith to close early in the first quarter of 2025.
Visualization of income flow from segment revenue to net income