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Free cash flow (non-GAAP) is $265 million year-to-date in 2023.
July 31, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
International Paper reported second quarter 2023 financial results. Net sales in 2Q 2023 were $4.682 billion, down from $5.02 billion in 4Q 2022 and $5.389 billion in 1Q 2022. Free cash flow was $261 million in 2Q 2023, up from $4 million in 4Q 2022 and up from $204 million in 1Q 2022. Net earnings were $235 million ($0.68 per diluted share); adjusted operating earnings (non-GAAP) were $204 million ($0.59 per diluted share). The company reported $55 million of earnings achieved from Buildi...
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