International Paper(IP) - 2024 Q2 - Quarterly Results

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 ...