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Net sales were $5.8 billion in 2Q 2018, with business segment operating profits of $697 million.
July 27, 2018
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
International Paper reported second quarter 2018 net earnings attributable to International Paper of $405 million ($0.97 per diluted share) compared with $729 million ($1.74 per diluted share) in the first quarter of 2018 and net earnings of $80 million ($0.19 per diluted share) in the second quarter of 2017. Net sales were $5.8 billion in the second quarter of 2018 compared with $5.6 billion in the first quarter of 2018 and $5.4 billion in the second quarter of 2017. Business segment operating profits were $697 million in the second quarter of 2018 compared with $512 million in the first quarter of 2018 and $157 million in the second quarter of 2017. Adjusted operating earnings in the second quarter of 2018 were $498 million ($1.19 per diluted share) compared with $395 million ($0.94 per diluted share) in the first quarter of 2018, and $274 million ($0.66 per diluted share) in the second quarter of 2017. Cash provided by (used for) operations was $801 million in the second quarter of 2018 and $645 million in the second quarter of 2017. Free cash flow (non-GAAP) was $361 million in the second quarter of 2018 and $355 million in the second quarter of 2017. “International Paper delivered a very strong second quarter and year-over-year earnings growth,” said Mark Sutton, chairman and CEO. “We had outstanding commercial performance, with sequential volume growth and price realization across our three businesses.”
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