International Paper (IP) Reports Q2 Earnings: What Key Metrics Have to Say

Core Viewpoint - International Paper reported a revenue of $4.73 billion for the quarter ended June 2024, reflecting a year-over-year increase of 1.1% but a slight miss against the Zacks Consensus Estimate of$ 4.77 billion, while EPS was $0.55, down from$ 0.59 a year ago, but exceeded the consensus estimate of $0.40 by 37.50% [1] Group 1: Financial Performance - Net Sales for Global Cellulose Fibers reached$ 717 million, surpassing the average estimate of $712.46 million, with a year-over-year increase of 2.7% [2] - Net Sales for Industrial Packaging amounted to$ 3.93 billion, slightly below the average estimate of $3.98 billion, showing a year-over-year change of 1.2% [2] - Net Sales for Corporate and Inter-segment was reported at$ 86 million, falling short of the average estimate of $92 million, representing a year-over-year decline of 14% [2] - Operating Profit for Global Cellulose Fibers was$ 31 million, significantly higher than the average estimate of $6.41 million [2] - Operating Profit for Industrial Packaging was$ 291 million, exceeding the average estimate of $257.51 million [2] Group 2: Stock Performance - Over the past month, shares of International Paper have returned -1.4%, contrasting with the Zacks S&P 500 composite's increase of +1.8% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential outperformance against the broader market in the near term [3]