MEMPHIS, Tennessee — International Paper reported third quarter net earnings of $951 million compared with $511 million in the second quarter of 2022 and $864 million in the third quarter of 2021. Third quarter 2022 net earnings include a net after-tax benefit of $563 million related to the settlement of the previously announced timber monetization restructuring tax matter. Third quarter 2021 net earnings include a net after-tax gain of $350 million on the sale of our Kwidzyn, Poland mill. Third quarter adjusted operating earnings of $364 million compared with $459 million in the second quarter of 2022 and $431 million in the third quarter of 2021. …CEO Mark Sutton… “Lower consumer spending for goods and retail inventory destocking drove lower demand for packaging, and we also experienced significantly higher energy and distribution costs.”