The company said net earnings for Q2 2024 were $498 million ($1.41 per diluted share), and adjusted operating earnings, a non-GAAP measure, were $193 million ($0.55 per share). For Q1 2024, net earnings were $56 million and adjusted operating earnings were $61 million.

10-QQuarterly reportFiled Jul 26, 2024Period of report Jun 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said net earnings for Q2 2024 were $498 million ($1.41 per diluted share), and adjusted operating earnings, a non-GAAP measure, were $193 million ($0.55 per share). For Q1 2024, net earnings were $56 million and adjusted operating earnings were $61 million.
International Paper said net special items for Q2 2024 were a gain of $297 million, and its reported effective tax rate was (142)%. It cited a tax benefit from an internal legal entity restructuring as the reason the rate was lower than in Q1. The operational effective tax rate, after adjustments, was 21%.
The company said on April 16, 2024 it announced a recommended all-stock offer to acquire the entire issued and to be issued share capital of DS Smith Plc. It said it expects the transaction to close in Q4 2024 and expects the related public disclosure documents to be published, and the related meetings to be held, in late summer or early autumn.
The company said operating cash flow for the first six months of 2024 was $760 million, compared with $873 million for the first six months of 2023, and capital spending was $449 million, compared with $608 million for the first six months of 2023. It said it expects full-year 2024 capital spending of about $800 million to $1.0 billion.

Key figures

Quarter ended June 30, 2024

Revenue: $4.7B
Operating income: $322M
Net income: $498M
EPS: $1.41

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Net Earnings and Adjusted Operating Earnings for Q2 2024

The company said net earnings for Q2 2024 were $498 million ($1.41 per diluted share), and adjusted operating earnings, a non-GAAP measure, were $193 million ($0.55 per share). For Q1 2024, net earnings were $56 million and adjusted operating earnings were $61 million.

Source · Based on the MD&A text of the filing

Net Special Items Gain and Restructuring-Related Tax Benefit in Q2

International Paper said net special items for Q2 2024 were a gain of $297 million, and its reported effective tax rate was (142)%. It cited a tax benefit from an internal legal entity restructuring as the reason the rate was lower than in Q1. The operational effective tax rate, after adjustments, was 21%.

Source · Based on the MD&A text of the filing

Progress on DS Smith acquisition and closing timing

The company said on April 16, 2024 it announced a recommended all-stock offer to acquire the entire issued and to be issued share capital of DS Smith Plc. It said it expects the transaction to close in Q4 2024 and expects the related public disclosure documents to be published, and the related meetings to be held, in late summer or early autumn.

Source · Based on the MD&A text of the filing

Cash Flow for the First 6 Months, Capital Spending and Full-Year Outlook

The company said operating cash flow for the first six months of 2024 was $760 million, compared with $873 million for the first six months of 2023, and capital spending was $449 million, compared with $608 million for the first six months of 2023. It said it expects full-year 2024 capital spending of about $800 million to $1.0 billion.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.