Industry News, Printers News

International Paper Reports First Quarter 2014 Earnings

Solid results despite headwinds from unfavorable weather and high input costs

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By: DAVID SAVASTANO

Editor, Ink World Magazine

International Paper reported a first quarter 2014 net loss attributable to common shareholders of $95 million ($0.21 per share), including a pre-tax charge of $495 million associated with the Courtland mill shutdown, compared with net earnings of $436 million ($0.98 per share) in the fourth quarter of 2013 and $318 million ($0.71 per share) in the first quarter of 2013.   Quarterly net sales were $7.0 billion compared with $7.2 billion in the fourth quarter of 2013 and $7.1 billion in the first ...

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