International Paper (IP) Tops Q3 EPS by 4c
International Paper (NYSE: IP) reported Q3 EPS of $0.95, $0.04 better than the analyst estimate of $0.91. Revenue for the quarter came in at $6.1 billion versus the consensus estimate of $6 billion.
"International Paper delivered strong results in the quarter with record performance from our North America Industrial Packaging group and solid performance in other key businesses that resulted in records for both EBITDA and free cash flow," said Mark Sutton, Chief Executive Officer. "IP continues to focus on growing free cash flow, increasing our return on capital and returning cash to our shareholders."
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