International Paper Reports Mixed Q4 Results

by Shivani Kumaresan, Benzinga Staff Writer

January 27, 2022 2:27 PM | 1 min read | Make a Comment

International Paper Co IP reported a fourth-quarter FY21 sales growth of 14.5% year-on-year, to $5.09 billion, beating the analyst consensus of $5.07 billion.
Net sales from Industrial Packaging rose 12.8% Y/Y, Global Cellulose Fibres grew 19.7%, and Corporate and Inter-segment increased 62.8%.
Adjusted EPS of $0.78 missed the analyst consensus of $0.90.
Business segment operating income for the quarter rose 33.9% to $415 million, with the margin at 8.2%.
The company held $1.3 billion in cash and equivalents as of December 31, 2021. The cash provided by operating activities totaled $2 billion.
Price Action: IP shares traded lower by 2.77% at $46.00 on the last check Thursday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.