NEW YORK - International Paper (NYSE:IP) reported fourth-quarter results that missed analyst expectations on revenue, sending shares down 2.4% in early trading Thursday. The company's adjusted loss per share beat estimates, but weak revenue overshadowed the earnings beat.
The paper and packaging company posted an adjusted loss of $0.02 per share for Q4, better than the $0.07 loss analysts expected. However, revenue of $4.58 billion fell short of the $4.73 billion consensus estimate and was flat compared to $4.6 billion in the same quarter last year.
For the full year 2024, International Paper reported net earnings of $557 million, or $1.57 per diluted share, on revenue of $18.6 billion. This compares to net earnings of $288 million, or $0.82 per share, on revenue of $18.9 billion in 2023.
The company's Industrial Packaging (NYSE:PKG) segment saw operating profit improve to $247 million in Q4, up from a $32 million loss in the year-ago quarter. However, the Global Cellulose Fibers segment swung to a $250 million operating loss, compared to a $133 million loss last year.
"2025 will be a transformational year with disciplined execution to further reduce costs and balance our capacity to our demand," said Chairman and CEO Andy Silvernail. He added that the company will "continue to optimize and invest in our box plant system to deliver service excellence for our customers while actively exploring strategic options for our Global Cellulose Fibers business."
(This article is for informational purposes only and should not be considered financial advice. Always consult with a professional advisor before making investment decisions.)
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