International Paper tops quarterly sales on higher prices, demand rebound [Yahoo! Finance]
International Paper Company (IP)
Last international paper company earnings: 4/30 07:00 am
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Source: Yahoo! Finance
Initially buoyed by a surge in online shopping during the pandemic, paper and packaging firms faced a slowdown when economies reopened. However, demand is on the rise again and costs - notably for energy, input, freight and wood - have moderated from previous highs. Peer Packaging Corp of America reported a quarterly revenue beat on Tuesday from higher pricing, improved production and a recovery in demand for its corrugated packaging products. Earlier in the year, European packaging giant Smurfit Kappa , said the worst of the slowdown in terms of demand for paper and containerboard seemed behind it. International Paper's total net sales fell about 8%, to $4.61 billion in the first quarter, but topped analysts' estimate of $4.56 billion, according to LSEG data. On an adjusted basis, the company's operating earnings came in at 17 cents per share, missing an expectation of 22 cents per share, sending shares down 2% in premarket trading. The world's leading paper company by rev
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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