International Paper Co (IP) has released an update.
International Paper Co has released its second-quarter 2024 financial results, foreseeing lower earnings in Q3 due to a decline in volume and rising costs, despite previous price increases. The company expects the downturn to be partially offset by improvements in price and mix, with varied impacts across its Industrial Packaging and Global Cellulose Fibers segments. This forecast, considered an ordinary course profit forecast, has been compiled based on consistent accounting policies and a set of assumptions regarding market conditions, macroeconomic factors, and operational stability.
For further insights into IP stock, check out TipRanks’ Stock Analysis page.
