07.30.21
International Paper reported second quarter 2021 financial results. Second quarter 2021 net sales were $5.616 billion, up from $5.363 billion in Q1 2021 and $4.866 billion in Q2 2020.
Second quarter 2021 business segment operating profit was $494 million, up from $445 million in Q1 2021 and $428 million in Q2 2020. Second quarter cash provided by operations of $766 million and year-to-date of $1.3 billion compared with $1.5 billion year-to-date in the same period of 2020.
"International Paper delivered solid earnings growth and strong cash generation in the second quarter," said Mark Sutton, chairman and CEO. "Commercially, we achieved strong revenue growth, while executing well in a very challenging supply chain and input cost environment. Looking ahead to the third quarter, we expect demand to remain strong and margins to expand meaningfully as realization of prior price movements outpaces input and transportation costs, and we step down from our highest maintenance outage quarter."
Second quarter 2021 business segment operating profit was $494 million, up from $445 million in Q1 2021 and $428 million in Q2 2020. Second quarter cash provided by operations of $766 million and year-to-date of $1.3 billion compared with $1.5 billion year-to-date in the same period of 2020.
"International Paper delivered solid earnings growth and strong cash generation in the second quarter," said Mark Sutton, chairman and CEO. "Commercially, we achieved strong revenue growth, while executing well in a very challenging supply chain and input cost environment. Looking ahead to the third quarter, we expect demand to remain strong and margins to expand meaningfully as realization of prior price movements outpaces input and transportation costs, and we step down from our highest maintenance outage quarter."
