International Paper Q3 2011 results: operating profit falls 24% to $571M

It has been reported that John Faraci, Chairman and Chief Executive Officer commented "IP delivered a strong quarter in a tough environment. We are consistently generating higher profits and cash flow from our transformed portfolio with an international footprint that has strengthened our earnings power. Even as some expected challenges persisted in the third quarter, including weak economic growth in developed markets and input cost inflation, we look ahead with confidence as we continue to capitalize on our balanced portfolio and realize gains from recent investments."

 

International Paper
  results		      
       
  Q3 2011 $m Q2 2011 $m Variance
       
net sales 6600 6600 0.0%
operating
  profits		 571 483 18.2%
*Industrial
  Packaging		 301 269 11.9%
Printing
  Papers		 328 222 47.7%
Consumer
  packaging		 103 98 5.1%
Xpedx 27 14 92.9%
**Net
  corporate expenses		 34 36 -5.6%

 

Posted Date: 09th Nov 2011