INTERNATIONAL PAPER Reports Second Quarter Earnings for 2023 Fiscal Year
August 2, 2023
🌥️Earnings Overview
INTERNATIONAL ($NYSE:IP): Net income was reported at USD 235.0 million, a 54.0% decrease compared to the same period in the previous year.
Stock Price
The report indicated a strong quarter with the stock opening at $34.5 and closing at $35.4, up by 4.8% from its last closing price of 33.8. This marks a significant increase in the company’s stock price, indicating strong investor confidence in the company’s performance. This was helped by the company’s strong performance across all its segments, particularly in the paper industry where it achieved a 5% increase in sales.
Overall, the second quarter earnings report for INTERNATIONAL PAPER was largely positive and demonstrated the company’s commitment to strong financial performance. With such strong growth in its core business segments and a steadily increasing stock price, INTERNATIONAL PAPER looks well-positioned to continue delivering value to shareholders over the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for International Paper. More…
| Total Revenues | Net Income | Net Margin |
| 20.24k | 1.04k | 6.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for International Paper. More…
| Operations | Investing | Financing |
| 2.07k | -994 | -1.17k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for International Paper. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 23.68k | 15.28k | 24.22 |
Key Ratios Snapshot
Some of the financial key ratios for International Paper are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -1.7% | -9.9% | 7.3% |
| FCF Margin | ROE | ROA |
| 4.5% | 11.0% | 3.9% |
Analysis
At GoodWhale, we have taken a thorough look into International Paper‘s financials and analyzed them based on a number of factors. The results of our analysis indicate that International Paper is a medium risk investment in terms of both financial and business aspects. This means that investors should proceed with caution when considering this stock. We have also detected one risk warning in the company’s income sheet. If you would like to take a closer look, be sure to register on GoodWhale.com. Here, you can view the risk warning and all other relevant information regarding International Paper and its financials. More…
Peers
In the global market for paper and paperboard, there are four main competitors: International Paper Co, Tat Seng Packaging Group Ltd, PT Fajar Surya Wisesa Tbk, and Smurfit Kappa Group PLC. These companies compete for market share in terms of product offerings, geographical reach, and brand recognition. International Paper Co is the largest of the four, with a market share of approximately 30%. Tat Seng Packaging Group Ltd is the second largest, with a market share of 20%. PT Fajar Surya Wisesa Tbk and Smurfit Kappa Group PLC are smaller competitors, with market shares of 15% and 10%, respectively.
– Tat Seng Packaging Group Ltd ($SGX:T12)
Tat Seng Packaging Group Ltd is a Singapore-based company that manufactures and distributes paper packaging products. The company has a market cap of 99.82M as of 2022 and a Return on Equity of 13.98%. Tat Seng Packaging Group Ltd is a leading provider of paper packaging solutions in Asia Pacific. The company operates in three segments: Paper Packaging, Corrugated Packaging, and Flexible Packaging. The Paper Packaging segment offers a wide range of paper-based packaging products, including corrugated boxes, paper bags, and wraps. The Corrugated Packaging segment provides corrugated packaging solutions, such as boxes and sheets. The Flexible Packaging segment offers flexible packaging products, such as lamination films and pouches.
– PT Fajar Surya Wisesa Tbk ($IDX:FASW)
Fajar Surya Wisesa Tbk is one of the largest publicly traded companies in Indonesia with a market capitalization of over 15 trillion rupiah as of early 2021. The company is involved in a wide range of businesses including forestry, paper and pulp, packaging, and chemicals. Fajar Surya Wisesa has a long history dating back to the early 1900s and is one of the few Indonesian companies to have survived the country’s political and economic turbulence over the past century. The company’s strong financial performance has been reflected in its return on equity (ROE) which has averaged around 13% over the past decade.
– Smurfit Kappa Group PLC ($OTCPK:SMFTF)
Smurfit Kappa Group PLC is a multinational corrugated packaging company with operations in over 35 countries. The company has a market cap of 8.43B as of 2022 and a ROE of 18.67%. Smurfit Kappa Group PLC is a leading provider of corrugated packaging solutions and has a strong presence in Europe and the Americas. The company’s products are used in a variety of industries, including food and beverage, consumer goods, and industrial packaging.
Summary
On June 30, 2023, INTERNATIONAL PAPER reported their second quarter earnings results for the fiscal year 2023. Total revenue decreased by 13.1% to USD 4682.0 million compared to the same period last year, while net income decreased by 54.0% to USD 235.0 million. Despite this, the stock price moved up on the same day, indicating investors may still have confidence in the company’s future prospects. Investors should monitor the company’s future performance and consider factors such as revenue growth and cost reduction for a comprehensive analysis of INTERNATIONAL PAPER as an investment opportunity.
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