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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.
International Paper
International Paper
International Paper Revenue by Segment
Revenue by Segment
Global Cellulose Fibers Revenue
CapyFin.comCorporate & Inter-segment Revenue
CapyFin.com 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.
- Higher planned outage costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income