International Paper Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 4,682 million compared to USD 5,389 million a year ago. Net income was USD 235 million compared to USD 511 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to USD 1.13 a year ago. Diluted earnings per share from continuing operations was USD 0.64 compared to USD 1.13 a year ago. Basic earnings per share was USD 0.68 compared to USD 1.39 a year ago. Diluted earnings per share was USD 0.68 compared to USD 1.38 a year ago.
For the six months, sales was USD 9,702 million compared to USD 10,626 million a year ago. Net income was USD 407 million compared to USD 871 million a year ago. Basic earnings per share from continuing operations was USD 1.13 compared to USD 1.83 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 1.82 a year ago. Basic earnings per share was USD 1.17 compared to USD 2.34 a year ago. Diluted earnings per share was USD 1.16 compared to USD 2.32 a year ago.