Welcome to our dedicated page for International Paper Co news (Ticker: IP), a resource for investors and traders seeking the latest updates and insights on International Paper Co stock.
International Paper (IP) is a global leader in renewable fiber-based packaging, pulp, and paper solutions serving industries worldwide. This news hub provides investors and stakeholders with authoritative updates on corporate developments directly impacting the packaging sector.
Access timely announcements including quarterly earnings, sustainability initiatives, operational expansions, and leadership updates. Our curated collection features press releases on product innovations, recycling advancements, and strategic partnerships that shape IP's market position.
Key coverage areas: financial performance disclosures, manufacturing capacity changes, environmental stewardship programs, and supply chain developments. Bookmark this page for verified updates on IP's progress in sustainable packaging solutions and global market strategies.
International Paper reported its first quarter 2023 financial results, showing net earnings of $172 million ($0.49 per diluted share) and adjusted operating earnings of $185 million ($0.53 per diluted share). Notably, the company's Building a Better IP initiatives contributed $65 million in incremental earnings. Cash provided by operations reached $345 million, while free cash flow was a modest $4 million due to a $193 million payment to the IRS related to timber monetization. Shareholder returns for the quarter totaled $319 million, comprising $157 million in share repurchases and $162 million in dividends. International Paper remains optimistic for improved demand as inventory destocking completes.
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