International Paper Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 4,613 million compared to USD 5,402 million a year ago. Net income was USD 165 million compared to USD 951 million a year ago. Basic earnings per share from continuing operations was USD 0.55 compared to USD 2.48 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 2.46 a year ago. Basic earnings per share was USD 0.47 compared to USD 2.66 a year ago. Diluted earnings per share was USD 0.47 compared to USD 2.64 a year ago.
For the nine months, sales was USD 14,315 million compared to USD 16,028 million a year ago. Net income was USD 572 million compared to USD 1,822 million a year ago. Basic earnings per share from continuing operations was USD 1.69 compared to USD 4.28 a year ago. Diluted earnings per share from continuing operations was USD 1.68 compared to USD 4.24 a year ago. Basic earnings per share was USD 1.65 compared to USD 4.97 a year ago. Diluted earnings per share was USD 1.64 compared to USD 4.92 a year ago.