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Cash provided by operations was $468 million, bringing year-to-date to $1.3 billion.
October 27, 2023
By: DAVID SAVASTANO
Editor, Ink World Magazine
International Paper reported third quarter 2023 financial results. Net sales in 3Q 2023 were $4.613 billion, down slightly from $4.68 billion in 2Q 2023 and $5.4 billion in 3Q 2022. Free cash flow was $240 million in 3Q 2023, down from $261 million in 2Q 2022 and up from $197 million in 3Q 2022. Net earnings were $165 million ($0.47 per diluted share), with adjusted operating earnings (non-GAAP) of $224 million ($0.64 per diluted share). International Paper reported $75 million of earnings...
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