International Paper reported solid earnings and outstanding cash generation in Q4 2019. The company demonstrated flexibility in navigating challenging market conditions by optimizing the full value chain. They returned $1.3 billion to shareholders and reduced debt by $1.0 billion in 2019.
Net earnings attributable to International Paper of $165 million ($0.42 per diluted share).
Adjusted operating earnings (non-GAAP) of $430 million ($1.09 per diluted share).
Cash provided by operations of $928 million.
Debt reduction of $582 million.
International Paper will continue to tightly manage costs, capital spending and working capital to generate strong cash flows in 2020, despite earnings headwinds. Additionally, they will continue to make choices consistent with their capital allocation framework to drive long-term value creation.
Visualization of income flow from segment revenue to net income