International Paper reports positive Q2, 2024 results

By International Paper
Cision Newswire
July 24, 2024
Category: Finance & Economics
Region: United States, US East

MEMPHIS, Tennessee — International Paper reported second quarter 2024 financial results. Highlights include: Q2 net earnings of $498 million; adjusted operating earnings (non-GAAP) of $193 million; cash provided by operations of $365 million and returned $160 million to shareholders in dividends. …Andy Silvernail, Chief Executive Officer said, “While our second quarter financial results increased sequentially on better price and seasonally higher volumes, we expect near-term performance to be challenged. In order to accelerate improvement, we are deploying an 80/20 business process. …In North America, our investments will center on providing customers with the most reliable and innovative packaging solutions. We also look forward to the combination with DS Smith and together creating significant value for our shareholders.”

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