International Paper Reports 2015 Third-Quarter Earnings

Time:2015-10-30 From:

MEMPHIS, Tenn., Oct. 28, 2015 /PRNewswire/ -- International Paper (NYSE: IP) today reported third quarter 2015 net earnings attributable to common shareholders of $220 million ($0.53 per share) compared with net earnings of $227 million ($0.54 per share) in the second quarter of 2015 and $355 million ($0.83 per share) in the third quarter of 2014. Operating Earnings were $407 million($0.97 per share) in the third quarter of 2015, compared with $409 million ($0.97 per share) in the second quarter of 2015 and $409 million ($0.95 per share) in the third quarter of 2014. Net earnings in all periods include the impact of special items, if any, non-operating pension expense and discontinued operations.

 

Diluted Earnings Per Share Attributable to International Paper Shareholders

             
   

Third 
Quarter 
2015

 

Second 
Quarter 
2015

 

Third 
Quarter 
2014

Net Earnings

 

$

0.53

   

$

0.54

   

$

0.83

 

Less – Discontinued Operations (Gain) Loss

 

   

   

(0.04)

 

Net Earnings (Loss) from Continuing Operations

 

0.53

   

0.54

   

0.79

 

Add Back – Net Special Items Expense

 

0.33

   

0.36

   

0.08

 

Add Back – Non-Operating Pension Expense

 

0.11

   

0.07

   

0.08

 

Operating Earnings*

 

$

0.97

   

$

All in Print
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