Fri, Jul 26, 4:15 PM (43 days ago)
International Paper Company’s Q2 2024 10-Q report shows a slight increase in net sales to $4.7 billion from $4.68 billion in Q2 2023. The company reported a net income of $498 million, a significant rise from $235 million in Q2 2023, driven by higher sales prices and improved box demand. Adjusted operating earnings were $193 million, down from $204 million in Q2 2023, reflecting higher administrative and operational costs. Cash flow from operations was $760 million, down from $873 million in the same period last year. The report highlights ongoing integration costs and strategic investments, including the planned acquisition of DS Smith Plc, expected to close in Q4 2024.