International Paper reported full-year net earnings of $557 million, or $1.57 per diluted share, and adjusted operating earnings (non-GAAP) of $400 million. Q4 net loss was $147 million, or $0.42 per diluted share, and adjusted operating loss (non-GAAP) was $7 million.

1. 01

   International Paper reported full-year net earnings of $557 million, or $1.57 per diluted share, and adjusted operating earnings (non-GAAP) of $400 million. Q4 net loss was $147 million, or $0.42 per diluted share, and adjusted operating loss (non-GAAP) was $7 million.

2. 02

   Full-year net sales were $18,619 million, lower than $18,916 million in the prior year. Q4 net sales were $4,580 million, compared with $4,601 million in the prior-year quarter.

3. 03

   The company said full-year and Q4 net earnings included a pre-tax charge of $395 million for accelerated depreciation and restructuring charges, including $334 million related to the previously announced closure of the company's Georgetown, S.C. pulp mill.

4. 04

   Full-year cash provided by operations was $1,678 million, and free cash flow (non-GAAP), which equals cash provided by operations less cash invested in capital projects of $921 million, was $757 million. Full-year free cash flow in the prior year was $692 million.

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

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