International Paper reports Q4, 2024 net loss of $147 million

International Paper
PR Newswire
January 30, 2025
Category: Finance & Economics
Region: United States, US East

MEMPHIS, Tennessee — International Paper reported reported fourth quarter net loss was $147 million and adjusted operating loss (non-GAAP) was $7 million. Fourth quarter net sales were $4.6 billion in 2024 and 2023. Full-year 2024 net earnings were $557 million and adjusted operating earnings (non-GAAP) of $400 million. Full-year net sales were $18.6 billion in 2024 and $18.9 billion in 2023. Full-year and fourth quarter net earnings include a pre-tax charge of $395 million for accelerated depreciation and restructuring charges, including $334 million related to the previously announced closure of the Company’s Georgetown, South Carolina pulp mill. …Chairman and CEO Andy Silvernail said, “Through a disciplined 80/20 approach, we have restructured our corporate organization, added resources to the business, reduced structural costs through footprint actions and successfully piloted regional box plant optimization.”

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