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International Paper (IP) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-07-24 14:35
For the quarter ended June 2024, International Paper (IP) reported revenue of $4.73 billion, up 1.1% over the same period last year. EPS came in at $0.55, compared to $0.59 in the year-ago quarter.The reported revenue represents a surprise of -0.79% over the Zacks Consensus Estimate of $4.77 billion. With the consensus EPS estimate being $0.40, the EPS surprise was +37.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...
International Paper (IP) Q2 Earnings Surpass Estimates
ZACKS· 2024-07-24 13:10
International Paper (IP) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 37.50%. A quarter ago, it was expected that this global paper and packaging company would post earnings of $0.23 per share when it actually produced earnings of $0.17, delivering a surprise of -26.09%.Over the la ...
International Paper(IP) - 2024 Q2 - Quarterly Results
2024-07-24 11:17
Exhibit 99.1 News Release International Paper Reports Second Quarter 2024 Results MEMPHIS, Tenn. – July 24, 2024 – International Paper (NYSE: IP) today reported second quarter 2024 financial results. SECOND QUARTER 2024 HIGHLIGHTS • Second quarter net earnings of $498 million ($1.41 per diluted share); includes a tax benefit of $338 million ($0.96 per diluted share) related to internal legal entity restructuring • Second quarter adjusted operating earnings (non-GAAP) of $193 million ($0.55 per diluted share ...
Will Lower Prices Hurt International Paper's (IP) Q2 Earnings?
ZACKS· 2024-07-17 16:17
International Paper Company (IP) is scheduled to report second-quarter 2024 results before the opening bell on Jul 24.The Zacks Consensus Estimate for IP’s second-quarter revenues is pegged at $4.76 billion, indicating 1.7% growth from the year-ago reported figure.The consensus estimate for earnings is pegged at 40 cents per share. Of the four analysts providing estimates for the second quarter, three have lowered their estimates, while one has kept the same unchanged over the past 60 days. The Zacks Consen ...
Is International Paper (IP) Outperforming Other Basic Materials Stocks This Year?
ZACKS· 2024-07-15 14:42
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is International Paper (IP) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.International Paper is a member of the Basic Materials sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #9. The Zacks ...
International Paper Declares Quarterly Dividend
Prnewswire· 2024-07-09 21:00
MEMPHIS, Tenn., July 9, 2024 /PRNewswire/ -- International Paper (NYSE: IP) today declared a quarterly dividend of $0.4625 per share for the period from July 1, 2024 to September 30, 2024, inclusive, on the common stock, par value $1.00, of the Company, payable on September 16, 2024 to holders of record at the close of business on August 15, 2024.Today, the company also declared a quarterly dividend of $1.00 per share for the period from July 1, 2024 to September 30, 2024, inclusive, on the cumulative $4.00 ...
What Makes International Paper (IP) a New Strong Buy Stock
ZACKS· 2024-06-28 17:01
International Paper (IP) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Indi ...
International Paper to Release Second-Quarter 2024 Earnings on July 24, 2024
Prnewswire· 2024-06-28 12:30
MEMPHIS, Tenn., June 28, 2024 /PRNewswire/ -- International Paper (NYSE: IP) will release second-quarter 2024 earnings on July 24, 2024, before the opening of the New York Stock Exchange.The company will host a webcast to discuss earnings and current market conditions, beginning at 10 a.m. ET (9 a.m. CT). All interested parties are invited to listen to the webcast via the company's website by clicking on the Investors tab and going to the Events & Presentations page at https://www.internationalpaper.com/inv ...
Why International Paper Stock Is Falling Today
The Motley Fool· 2024-06-27 17:17
The company's Brazilian suitor is walking away.A potential Brazilian acquirer is walking away from its bid for International Paper (IP -8.48%) after the target rebuffed its overtures.Investors hoping for a big premium are disappointed, sending IP shares down 8% as of 1 p.m. ET.IP chooses independenceInternational Paper is already part of a wave of consolidation sweeping the paper and packaging industry, with a deal in place to buy British rival DS Smith. But in early May, IP switched from hunter to hunted w ...
International Paper (IP) Moves Closer to Acquiring DS Smith
ZACKS· 2024-06-26 17:06
International Paper Company (IP) has cleared a milestone in its acquisition process for DS Smith (DITHF) , with the expiration of the mandatory 30-day waiting period under the Hart-Scott-Rodino Act. This brings the companies closer to finalizing the deal, which will strengthen IP’s corrugated packaging business in Europe and prioritize sustainable packaging. The buyout is expected to be accretive to IP’s earnings in the first year of closure and provide at least $514 million of pre-tax cash synergies on an ...