International Paper Company reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 5,402 million compared to USD 4,914 million a year ago. Net income was USD 951 million compared to USD 864 million a year ago. Basic earnings per share from continuing operations was USD 2.66 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 2.64 compared to USD 1.1 a year ago. Basic earnings per share was USD 2.66 compared to USD 2.22 a year ago. Diluted earnings per share was USD 2.64 compared to USD 2.2 a year ago.
For the nine months, sales was USD 16,028 million compared to USD 14,277 million a year ago. Net income was USD 1,822 million compared to USD 1,645 million a year ago. Basic earnings per share from continuing operations was USD 4.97 compared to USD 2.58 a year ago. Diluted earnings per share from continuing operations was USD 4.92 compared to USD 2.55 a year ago. Basic earnings per share was USD 4.97 compared to USD 4.21 a year ago. Diluted earnings per share was USD 4.92 compared to USD 4.16 a year ago.