NYSE$IP
International Paper Co · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter earnings impacted by challenging macro environment.
International Paper reported third quarter 2022 financial results with net earnings of $951 million ($2.64 per diluted share) compared to $864 million ($2.20 per diluted share) in Q3 2021. Adjusted operating earnings were $364 million ($1.01 per diluted share) compared to $431 million ($1.10 per diluted share) in Q3 2021. Revenue increased 10% year-over-year due to strong price realization.
- Third quarter net earnings attributable to International Paper were $951 million ($2.64 per diluted share).
- Third quarter adjusted operating earnings (non-GAAP) were $364 million ($1.01 per diluted share).
- Revenue grew 10% year-over-year due to strong price realization.
- $70 million of earnings achieved from Building a Better IP initiatives, bringing year-to-date to $175 million.
Headline financials
Revenue & EPS history
International Paper · Revenue · Quarterly
$5.4B
Revenue by segment
International Paper · $130M total across 1 segment · Q3 2022
- Corporate and Inter-segment Sales$130M+150.0%100.0%
Forward guidance
As we enter the fourth quarter, we see packaging demand stabilizing at these lower levels and input costs providing some relief; however, we also expect seasonally higher operating costs. And for the year, we expect to exceed our $225 million target related to our Building a Better IP initiatives.
Tailwinds
- Packaging demand stabilizing at lower levels.
- Input costs providing some relief.
- Expect to exceed $225 million target related to Building a Better IP initiatives.
- Great team.
- Large system of mills and box plants.
Headwinds
- Seasonally higher operating costs.
- Challenging macro environment.
- Lower consumer spending for goods.
- Retail inventory destocking drove lower demand for packaging.
- Significantly higher energy and distribution costs.
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 Q3 2022
-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
| Quarter | Report date | Reaction (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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