International Paper Company reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 4,601 million compared to USD 5,133 million a year ago. Net loss was USD 284 million compared to USD 318 million a year ago. Basic loss per share from continuing operations was USD 0.82 compared to basic earnings per share from continuing operations of USD 0.48 a year ago. Diluted loss per share from continuing operations was USD 0.82 compared to diluted earnings per share from continuing operations of USD 0.48 a year ago. Basic loss per share was USD 0.82 compared to USD 0.9 a year ago. Diluted loss per share was USD 0.82 compared to USD 0.9 a year ago.
For the full year, sales was USD 18,916 million compared to USD 21,161 million a year ago. Net income was USD 288 million compared to USD 1,504 million a year ago. Basic earnings per share from continuing operations was USD 0.87 compared to USD 4.79 a year ago. Diluted earnings per share from continuing operations was USD 0.86 compared to USD 4.74 a year ago. Basic earnings per share was USD 0.83 compared to USD 4.14 a year ago. Diluted earnings per share was USD 0.82 compared to USD 4.1 a year ago.