International Paper (IP) Q1 Earnings Miss on Lower Prices [Yahoo! Finance]
International Paper Company (IP)
Last international paper company earnings: 4/30 07:00 am
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internationalpaper.com/performance
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Source: Yahoo! Finance
by a margin of 26%. The bottom line slumped 68% year over year due to a decline in volumes in corrugated packaging, as well as lower prices in both Industrial Packaging and Global Cellulose Fibers segments. Including one-time items, the company posted earnings per share of 16 cents from continuing operations in first-quarter 2024 compared with 49 cents in the year-ago quarter. Results were negatively impacted by approximately $52 million (pre-tax) due to the January freeze and the Ixtac, Mexico box plant fire. Net sales were $4.6 billion in the quarter under review, down 8% from the year-ago quarter mainly due to lower prices. The top line beat the Zacks Consensus Estimate of $4.4 billion. The cost of sales was $3.4 billion in the quarter under review, down 6% from the year-ago quarter's $3.6 billion. Gross profit declined 13% year over year to $1.2 billion. International Paper Company Price, Consensus and EPS Surprise International Paper Company price-consensus-eps-surprise
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News
- Kuehn Law Encourages IP, SWAV, NX, and UNIT Investors to Contact Law FirmGlobeNewswire
- Form 8.3 - International Paper Company [Yahoo! Finance]Yahoo! Finance
- International Paper Company (NYSE:IP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- After Plunging -13.3% in 4 Weeks, Here's Why the Trend Might Reverse for International Paper (IP) [Yahoo! Finance]Yahoo! Finance
- M&A Scales Up [Seeking Alpha]Seeking Alpha
IP
Earnings
- 4/25/24 - Miss
IP
Sec Filings
- 5/1/24 - Form 4
- 4/30/24 - Form 4
- 4/26/24 - Form DEFA14A
- IP's page on the SEC website