International Paper Exceeds Earnings Estimates Despite Revenue Miss
International Paper (NYSE:IP) reported second-quarter earnings that beat analyst expectations despite a revenue shortfall. The company posted adjusted earnings of $0.04 per share, surpassing the expected loss of $0.04 per share. However, revenue came in at $6 billion, below the projected $6.23 billion and down 2.2% year-over-year. Looking ahead, International Paper expects stronger performance in Q3 with adjusted EBITDA guidance between $780 million and $830 million—despite a temporary mill closure impacting results by an estimated $85 million. The company maintained its full-year adjusted EBITDA outlook of $3.2 billion to $3.4 billion. North America's Packaging Solutions segment generated strong operating profit, while the European division reported losses due to weak market conditions and geopolitical uncertainty.
Tickers: $IP
Topics: Earnings EBITDA Guidance Revenue