International Paper (IP) Q2 Earnings Beat, Dip Y/Y on Low Prices
IPInternational Paper(IP) ZACKS·2024-07-25 02:16

International Paper Company (IP) reported second-quarter 2024 adjusted earnings of 55 cents per share, which surpassed the Zacks Consensus Estimate of 40 cents by 38%. The bottom line declined 7% year over year due to lower year-over-year prices in both the Industrial Packaging and Global Cellulose Fibers segments.Including one-time items, such as an environmental remediation adjustment, combination costs related to the acquisition of DS Smith (DITHF) , strategic advisory fees and a tax benefit resulting fr ...