International Paper has released its figures fro Q2 2023.
Sales reached $4,682m, down from $5,389m in the same period last year. Profit was $334m ($585m).
“In the second quarter, the operations of International Paper continued to run well and we managed our businesses effectively in a challenging demand environment,” said Mark Sutton, Chairman and CEO. “We continued to advance our Building a Better IP initiatives, including our commercial improvement and cost management opportunities. The benefits of that work and our strong financial foundation position International Paper well as we navigate the current economic environment.”