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Sep 30, 2024

International Paper Q3 2024 Earnings Report

Reported third quarter earnings above outlook due to higher prices and moderately improving box demand.

Key Takeaways

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.

Total Revenue
$4.69B
Previous year: $4.61B
+1.6%
EPS
$0.44
Previous year: $0.64
-31.3%
Gross Profit
$1.08B
Previous year: $1.27B
-15.1%
Cash and Equivalents
$1.16B
Previous year: $1.15B
+0.9%
Free Cash Flow
$309M
Previous year: $240M
+28.7%
Total Assets
$23.2B
Previous year: $24B
-3.3%

International Paper

International Paper

International Paper Revenue by Segment

Forward Guidance

International Paper expects the combination with DS Smith to close early in the first quarter of 2025.

Revenue & Expenses

Visualization of income flow from segment revenue to net income