International Paper Reports Full-Year and Fourth Quarter 2022 Results

FULL-YEAR AND FOURTH QUARTER 2022 HIGHLIGHTS
*Full-year 2022 net earnings (loss) attributable to International Paper of $1.5 billion ($4.10 per diluted share) compared with $1.8 billion ($4.47 per diluted share) for full-year 2021
*Full-year 2022 adjusted operating earnings* (non-GAAP) of $1.2 billion ($3.18 per diluted share) compared with $944 million ($2.41 per diluted share) for full-year 2021
Fourth quarter net earnings (loss) attributable to International Paper of $(318) million ($(0.90) per diluted share) including a $533 million non-cash impairment of our Ilim joint venture investment; Fourth quarter adjusted operating earnings (non-GAAP) of $309 million ($0.87 per diluted share)
*9% full-year revenue growth; 24% full-year operating earnings growth
*Building a Better IP initiatives delivered $250 million of earnings benefit in 2022, including $75 million in fourth quarter
*$2.2 billion of full-year 2022 cash provided by operations, including $761 million of cash provided in fourth quarter
*Returned $1.93 billion to shareholders through $1.26 billion share repurchases and $673 million in dividends in full-year 2022; $355 million returned to shareholders in fourth quarter

“In 2022, International Paper grew revenue and earnings in a dynamic and challenging macro environment and returned $1.9 billion to our shareowners,” said Mark Sutton, Chairman and Chief Executive Officer. “Our commercial and mill operational performance was solid, while significant inflation and lower demand impacted margins. We also delivered $250 million of earnings benefits from our Building a Better IP initiatives, exceeding our target for the year and building solid momentum going forward.”

Sutton added, “As we enter 2023, International Paper is well-positioned to navigate various economic environments from a position of strength, given our strategic customer relationships, our highly talented teams, our track record of solid cash generation and our strong balance sheet. We also remain focused on creating value for all our stakeholders as we continue Building a Better IP.”

Related Posts

Huhtamaki invests in new fiber packaging capacity in South Africa

Huhtamaki is setting up a new manufacturing unit in KwaZulu-Natal in South Africa to serve its existing and new egg packaging customers in the KwaZulu-Natal area with a broad range of locally produced packaging solutions. The new facility will be located close to one of South Africa’s main export ports, enabling competitive exports of egg packaging for customers across East Africa. “The addition of a unit in KwaZulu-Natal is an important addition to our fiber packaging footprint in South Africa not only providing efficiencies in our service to customers in South Africa but an additional benefit in terms of proximity to a major port which will drive access to markets across East Africa. The new facility sets us up to better meet the growth of the fiber packaging sector and future demand for sustainable packaging. It also strengthens our position in the region significantly,” says Eric Le Lay, President, Fiber Foodservice Europe-Asia-Oceania.

UPM Specialty Papers and SN Maschinenbau co-create a recyclable fibre-based pouch ready to be displayed at Interpack 2023

With the packaging industry preparing to meet EU recyclability targets, the demand for innovative and sustainable solutions is growing fast. In a recent co-creation project with SN Maschinenbau GmbH, a leading manufacturer of horizontal pouch-packaging machines, UPM Specialty Papers tested a range of heat-sealable barrier papers on SN Maschinenbau’s packaging machines. The goal was to create a recyclable, renewable, fibre-based pouch ideal for dry, frozen, and greasy foods. The sample will be displayed at Interpack 2023. As a world-leading manufacturer of packaging machinery, SN Maschinenbau seeks to deliver the best pouch packaging technology to its customers. In the light of current trends, this includes the capability to produce and process the recyclable and renewable packaging materials that customers are looking for. Working closely with partners, SN Maschinenbau is searching for new types of materials that, at best, can be seamlessly integrated into existing pouch packaging machinery.

Pregis launches color-rich tissue paper void-fill portfolio; pairs it with high-speed automation system to create custom void-fill solutions

This custom branded tissue paper is dispensed from the Easypack Quantum™ on-demand, void-fill system. By using an automated packaging system that dispenses paper directly into the box, Inspyre paper offers the high throughput required by operations while delivering the branded unboxing experiences sought after by marketing. A study conducted by research firm Package InSight revealed custom branded paper had a significant impact on how participants valued both products and brands. Products packaged in branded tissue paper had a 24% higher perceived value than generic packaging. Brand impressions improved by 86%, brand recall increased by 40% and the likelihood of sharing on social media rose by 64% when participants unboxed products packed with custom branded tissue paper.
Back To Top
×Close search
Search