.July 24, 2024 10:00:04 PM

International Paper (NYSE:IP), a global producer of packaging and paper products, reported second-quarter earnings for 2024. The company exceeded EPS expectations with $1.41, surpassing the estimated $0.4. Revenue for the quarter was $4.73 billion, slightly below the expected $4.78 billion. Strategic acquisitions, like DS Smith, aim to enhance product offerings and market reach. Despite challenges in key segments, International Paper showed resilience with a 1% increase in net sales. The company’s focus on operational efficiency and strategic initiatives contributed to its strong performance in a challenging market.