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International Paper's Net Earnings Plummet to $288M in 2023 Amidst Demand Decline and Cost Inflation

IP10-KFiling Date: 2/16/2024
International Paper Company
Description

What this story covers

International Paper's 2023 net earnings fell to 288 million dollars from 1 point 5 billion dollars due to weak demand, lower prices, and cost inflation. The company is restructuring operations and projecting a "transitional year" in 2024 with anticipated market recovery.

Story snapshot

CompanyInternational Paper Company
TickerIP
VariantStandard detailed
Duration28:47
Filing type10-K
PeriodAnnual 2023
IndustryIndustrials & Manufacturing
Accession0000051434-24-000024

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