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International Paper Co (IP)
NYSE:IP
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.07Last Year’s EPS
$0.41Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 11.97%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant strategic progress, including price improvements and successful deployment of the 80/20 strategy, which improved productivity and optimized plant operations. However, these positives were countered by reliability issues in the mill system, higher operating costs, and a significant expected decline in earnings for the Global Cellulose Fibers segment. Overall, while the company is making strides in strategic transformation and achieving early wins, operational challenges remain a concern.Company Guidance
During International Paper's Third Quarter 2024 earnings call, CEO Andrew Silvernail outlined strategic actions aiming to improve the company's performance. The company is leveraging a 80/20 approach to boost efficiency and profitability, focusing investment on key customers, reducing complexity, and optimizing resources. Silvernail highlighted productivity improvements of 20% to 30% in regional box plant pilots and discussed plant closures to address excess capacity, ensuring retention of strategic customers. Despite challenges like lower seasonal volumes and increased labor costs, the company exceeded its earnings outlook, reporting a $17 million benefit from its box go-to-market strategy. Looking forward, International Paper expects higher earnings in its packaging business and is committed to accelerating its strategic transformation to drive significant shareholder value.Strong Price Improvements
Third quarter earnings were driven by strong price improvements across the portfolio, including a $17 million benefit from the Box go-to-market strategy.
80/20 Strategy Implementation
The company is actively deploying the 80/20 methodology, which has led to early wins such as a 20% to 30% productivity improvement in regional optimization pilots.
Strategic Plant Closures
Announced 5 plant closures to optimize footprint, expecting to retain 100% of strategic customers while investing in remaining facilities for future growth.
DS Smith Acquisition Progress
Completion of DS Smith acquisition is anticipated in early first quarter, with strong shareholder support and integration planning underway.
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IP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $48.63 | $55.09 | +13.28% |
| Jul 24, 2024 | $45.09 | $45.44 | +0.78% |
| Apr 25, 2024 | $33.44 | $32.55 | -2.66% |
| Feb 01, 2024 | $34.34 | $32.94 | -4.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does International Paper Co (IP) report earnings?
International Paper Co (IP) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is International Paper Co (IP) earnings time?
International Paper Co (IP) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IP EPS forecast?
IP EPS forecast for the fiscal quarter 2024 (Q4) is -$0.07.
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