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Dec 31, 2023
International Paper Q4 2023 Earnings Report
International Paper's financial performance was impacted by strategic actions and market conditions.
Key Takeaways
International Paper reported a net loss of $(284) million for Q4 2023, which includes a pre-tax charge of $540 million related to mill strategic actions. Adjusted operating earnings (non-GAAP) were $142 million ($0.41 per diluted share). The company navigated challenging market conditions, focusing on cost reduction and strategic investments.
Net loss of $(284) million, including pre-tax charges for mill strategic actions.
Adjusted operating earnings (non-GAAP) of $142 million.
Building a Better IP initiatives contributed $260 million to full-year earnings, exceeding the annual target.
Returned $839 million to shareholders through share repurchases and dividends for the full year.
Revenue by Segment
Forward Guidance
International Paper anticipates demand growth across its markets in 2024 and remains focused on commercial strategies and operational excellence to enhance profitability.
Positive Outlook
- Demand growth anticipated across markets.
- Focus on commercial strategies and operational excellence.
- Commitment to creating value for customers and shareholders.
- Building a Better IP mindset embedded in the company culture.
- Acceleration of cost reduction efforts across operations and supply chain.
Challenges Ahead
- Challenging market conditions.
- Impact on earnings due to lower demand and cost inflation.
- Pre-tax charge of $540 million related to mill strategic actions.
- Lower sales prices for containerboard and corrugated boxes.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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