MEMPHIS, Tennessee — International Paper reported third quarter 2023 financial results. Highlights include: Net earnings of $165 million; Adjusted operating earnings (non-GAAP) of $224 million; Returned $160 million to shareholders in dividends; Industrial Packaging operating profits were $325 million compared with $304 million in the second quarter of 2023. …Global Cellulose Fibers operating profits of 2023 were $27 million compared with $30 million in the second quarter of 2023. …Mark Sutton, CEO, “Our operations continue to perform reliably with a focus on controlling costs. However, in this challenging macro environment, we are not satisfied with our absolute results. We are taking actions to structurally reduce fixed costs in our mill system, while optimizing our supply chain and investing in our box capabilities to grow with customers.”