The company said net earnings for Q1 2024 were $56 million ($0.16 per diluted share), and adjusted operating earnings (non-GAAP) were $61 million ($0.17 per share). It had a net loss of $(284) million in the prior quarter, and net earnings of $172 million in Q1 2023.

1. 01

   The company said net earnings for Q1 2024 were $56 million ($0.16 per diluted share), and adjusted operating earnings (non-GAAP) were $61 million ($0.17 per share). It had a net loss of $(284) million in the prior quarter, and net earnings of $172 million in Q1 2023.

2. 02

   International Paper said first-quarter results for Q1 were negatively affected by the January freeze and the Ixtac, Mexico fire, with an approximate pre-tax impact of $52 million. Operating profit was $216 million for Industrial Packaging and $(47) million for Global Cellulose Fibers.

3. 03

   The company said cash provided by operations was $395 million in Q1, and free cash flow, after capital project investments of $251 million, was $144 million. It also paid $161 million in dividends in the same quarter.

4. 04

   International Paper announced on April 16, 2024 a recommended all-stock offer to acquire DS Smith Plc. The company said each DS Smith share would be exchanged for 0.1285 IP shares, implying an enterprise value of about $9.9 billion. The transaction is expected to close in Q4 2024, subject to shareholder and regulatory approvals.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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