NYSE$IP

International Paper Co · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Solid earnings and strong cash from operations were delivered while navigating the COVID-19 pandemic and its significant economic impact.

International Paper reported second quarter net earnings attributable to International Paper of $266 million ($0.67 per diluted share). Adjusted operating earnings (non-GAAP) were $305 million ($0.77 per diluted share). The company's liquidity position was $3.6 billion at the end of the second quarter.

  • Second quarter net earnings attributable to International Paper of $266 million ($0.67 per diluted share), compared to $292 million ($0.73 per diluted share) in the second quarter of 2019.
  • Second quarter adjusted operating earnings (non-GAAP) of $305 million ($0.77 per diluted share) compared to $460 million ($1.15 per diluted share) in the second quarter of 2019
  • Second quarter cash provided by operations of $890 million.
  • Liquidity position of $3.6 billion at the end of the second quarter.

Headline financials

Total Revenue

$4.75B

Previous: $5.55B-14.3%
EPS (adj)

$0.77

Previous: $1.15-33.0%
Free Cash Flow

$638M

No prior period
Net Income

$266M

Previous: $292M-8.9%
Operating Income

$428M

Previous: $472M-9.3%
Gross Profit

$1.32B

Previous: $1.64B-19.5%
Cash & Equivalents

$847M

Previous: $787M+7.6%
Total Assets

$32.5B

Previous: $34.3B-5.3%

Revenue & EPS history

International Paper · Revenue · Quarterly

$4.75B

Q2 2020-14.3%vs Q2 2019
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Revenue by segment

International Paper · $45M total across 1 segment · Q2 2020

  • Corporate and Inter-segment Sales
    $45M

Forward guidance

No specific forward guidance provided in the release.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-0.2%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.0%

Avg return

30 days after

44%

31 / 70 earnings

Positive

+13.7%

Q3 2024

Best reaction

-12.3%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%-5.1%-0.4%
Q4 2025-5.1%+1.4%+5.0%
Q3 2025-12.3%-17.3%-10.7%
Q1 2025-4.1%-7.1%+0.4%
Q4 2024-1.6%-7.1%-2.8%
Q3 2024+13.7%+17.4%+20.0%
Q2 2024+0.7%+1.6%+6.5%
Q1 2024-1.7%+1.5%+32.0%
Q4 2023-6.6%-7.5%-2.2%
Q3 2023+0.1%+1.8%-0.6%
Q2 2023+5.8%+6.4%+0.5%
Q1 2023-4.2%-6.5%-11.4%
Q4 2022+8.1%+9.4%-0.7%
Q3 2022+1.8%+0.9%+10.5%
Q2 2022+0.4%-0.7%+0.0%
Q1 2022-2.3%-1.1%+4.1%
Q4 2021-0.3%+1.6%-4.0%
Q3 2021-6.3%-7.4%-10.4%
Q2 2021-1.3%+0.4%+2.8%
Q1 2021+0.6%+4.7%+9.4%
Q4 2020-7.1%-5.0%+7.0%
Q3 2020+1.7%+8.2%+17.9%
Q2 2020-5.3%-4.0%+0.5%
Q1 2020-7.1%-9.4%-6.8%
Q4 2019-6.1%-3.7%-14.8%
Q3 2019+3.1%+6.1%+8.7%
Q2 2019+2.7%+2.1%-15.2%
Q1 2019+3.8%+5.7%-3.4%
Q4 2018-2.1%-1.1%-2.3%
Q3 2018+13.0%+14.3%+13.2%
Q2 2018-1.9%+1.3%-2.3%
Q1 2018-1.7%-4.4%+1.2%
Q4 2017-1.1%-5.2%-7.0%
Q3 2017-1.1%-2.5%-6.4%
Q2 2017-2.9%-1.9%-3.2%
Q1 2017-0.2%-0.7%-3.1%
Q4 2016-6.2%-7.7%-4.4%
Q3 2016-2.5%-4.2%+5.8%
Q2 2016+0.5%-0.4%+7.2%
Q1 2016+0.5%
Q4 2015+3.6%
Q3 2015-0.1%
Q2 2015-2.6%
Q1 2015+0.5%
Q4 2014-0.5%
Q3 2014+3.5%
Q2 2014-3.5%
Q1 2014+0.3%
Q4 2013+1.7%
Q3 2013+2.7%
Q2 2013+4.0%
Q1 2013-0.6%
Q4 2012-0.8%
Q3 2012-2.0%
Q2 2012+6.4%
Q1 2012-1.3%
Q4 2011+5.2%
Q3 2011+1.9%
Q2 2011+4.1%
Q1 2011+2.3%
Q4 2010+0.9%
Q3 2010+1.2%
Q2 2010-3.8%
Q1 2009+6.2%
Q1 2010-0.1%
Q4 2007-3.0%
Q2 2009-3.0%
Q4 2009-3.0%
Q3 2009+4.8%
Q4 2008-4.1%

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