Reports Q4 revenue $4.6B, consensus $4.67B. “In 2023, the International Paper team demonstrated our agility by navigating through challenging market conditions,” said Mark Sutton, chairman and CEO. “We executed well and delivered $260 million of Building a Better IP benefits, while accelerating cost reduction efforts across our operations and supply chain. Although earnings were impacted by lower demand and cost inflation, we executed strategic actions to further optimize our mill system and invest in the future growth of our packaging business. We also returned $839 million to our shareowners.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on IP:
- International Paper Reports Full-Year and Fourth Quarter 2023 Results
- IP Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- International Paper Declares Quarterly Dividend
- International Paper price target raised to $46 from $40 at Truist
- International Paper put volume heavy and directionally bearish
