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Third quarter debt reduction was $760 million, bringing year-to-date 2020 to $1.1 billion.
October 30, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
International Paper reported third quarter 2020 financial results. Net sales were $5.123 billion, up from $4,866 in 2Q 2020 but down from $5,568 in 3Q 2019. Third quarter net earnings (loss) attributable to International Paper was $204 million ($0.52 per diluted share), compared with $266 million ($0.67 per diluted share) in the second quarter of 2020 and $344 million ($0.87 per diluted share) in the third quarter of 2019 Third quarter adjusted operating earnings (non-GAAP) wer...
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