International Paper Company reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 4,734 million compared to USD 4,682 million a year ago. Net income was USD 498 million compared to USD 235 million a year ago. Basic earnings per share from continuing operations was USD 1.43 compared to USD 0.64 a year ago. Diluted earnings per share from continuing operations was USD 1.41 compared to USD 0.64 a year ago. Basic earnings per share was USD 1.43 compared to USD 0.68 a year ago. Diluted earnings per share was USD 1.41 compared to USD 0.68 a year ago.
For the six months, sales was USD 9,353 million compared to USD 9,702 million a year ago. Net income was USD 554 million compared to USD 407 million a year ago. Basic earnings per share from continuing operations was USD 1.59 compared to USD 1.13 a year ago. Diluted earnings per share from continuing operations was USD 1.57 compared to USD 1.12 a year ago. Basic earnings per share was USD 1.59 compared to USD 1.17 a year ago. Diluted earnings per share was USD 1.57 compared to USD 1.16 a year ago.