International Paper reports Q1 adjusted EPS 15c, consensus 14c

Reports Q1 revenue $5.97B, consensus $6.01B. “This quarter, we delivered meaningful progress across the business. In North America, our commercial actions are gaining traction and helping us outgrow the market, while we advance cost-out efforts and make solid gains in mill and box plant productivity. In EMEA, we’re accelerating commercial and cost initiatives while a small core team is focusing on the planned separation,” said International Paper (IP) Chairman and CEO Andy Silvernail. “We still have work to do to improve consistency and reliability, but the primary pressures this quarter came from a tougher macro environment, including ongoing inflation and the severe winter storm.”