Third quarter net earnings attributable to International Paper were $344 million ($0.87 per diluted share) compared with $292 million ($0.73 per diluted share) in the second quarter of 2019 and $562 million ($1.37 per diluted share) in the third quarter of 2018. Third quarter adjusted operating earnings (non-GAAP) of $431 million ($1.09 per diluted share) compared with $460 million ($1.15 per diluted share) in the second quarter of 2019 and $641 million ($1.56 per diluted share) in the third quarter of 2018
Third quarter cash provided by operations were $882 million and year-to-date of $2.7 billion compared with $2.4 billion year-to-date in the same period of 2018. The company made third quarter debt repayment of $383 million.
“International Paper delivered another quarter of solid earnings and strong cash generation,” said Mark Sutton, chairman and CEO. “We continue to demonstrate the strength and resilience of our cash engine and our ability to perform well in a challenging global environment. Looking ahead to the fourth quarter, we will continue to maximize performance by optimizing our full value chain from fiber to the customer.”