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International Paper reports Q2 adjusted EPS 55c, consensus 41c

Reports Q2 revenue $4.73B, consensus $4.78B. “Reflecting on my first 90 days, I am confident in our teams’ ability to unlock substantial value at IP,” said Andy Silvernail, CEO. “While our Q2 financial results increased sequentially on better price and seasonally higher volumes, we expect near-term performance to be challenged. In order to accelerate improvement, we are deploying an 80/20 business process. We will make the changes needed to focus our portfolio, become excellent with our customers and optimize our cost to deliver profitable growth. In North America, our investments will center on providing customers with the most reliable and innovative packaging solutions. We also look forward to the combination with DS Smith and together creating significant value for our shareholders.”

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