LONDON, UK / ACCESSWIRE / February 22, 2018 / Active-Investors.com has just released a free earnings report on International Paper Co. (NYSE: IP). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=IP. International Paper reported its fourth quarter and fiscal 2017 operating and financial results on February 01, 2018. The global paper and packaging Company exceeded earnings expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, International Paper most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
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Earnings Highlights and Summary
International Paper's net sales were $5.71 billion in the fourth quarter of 2017, up 14.2% compared to net sales of $5.00 billion in Q4 2016. The Company's reported numbers fell short of analysts' estimates of $5.94 billion.
International Paper's annual net sales totaled $21.7 billion in FY17 compared to $19.5 billion in FY16, reflecting growth of 11.3%. The y-o-y revenue increase was primarily due to the pulp business that was acquired from Weyerhaeuser in late 2016.
During Q4 2017, International Paper's business segment's operating profits were $824 million compared to $442 million in the fourth quarter of 2016.
For Q4 2017, International Paper reported net earnings of $1.5 billion, or $3.50 per diluted share, compared to earnings of $218 million, or $0.53 per diluted share, in Q4 2016. The Company's reported quarter results included a provisional net tax benefit of $1.2 billion, or $2.93 per diluted share, related to the US enactment of the Tax Cuts and Jobs Act of 2017. Special items in Q4 2017 also included a pre-tax charge of $83 million for debt extinguishment cost, pre-tax charges of $18 million for integration costs associated with the 2016 acquisition of the Weyerhaeuser pulp business, pre-tax charges of $6 million related to removal of abandoned property at the Company's mills and a gain of $1 million for interest income associated with amended tax returns.
International Paper's adjusted operating earnings totaled $530 million, or $1.27 per diluted share, in Q4 2017 compared to $279 million, or $0.67 per diluted share, in Q4 2016. The Company's earnings beat Wall Street's estimates of $1.19 per share.
International Paper reported net earnings attributable to the Company of $2.1 billion, or $5.13 per diluted share, in FY17 compared to net earnings of $904 million, or $2.18 per diluted share, for FY16. The Company's adjusted operating earnings were $1.5 billion, or $3.49 per diluted share, in FY17 compared to $1.3 billion, or $3.09 per diluted share, in FY16.
International Paper's Segment Results
During Q4 2017, the Industrial Packaging segment recorded sales of $3.89 billion compared to sales of $3.56 billion in Q4 2016, reflecting growth of 9.3% on a y-o-y basis. The segment recorded operating profits of $609 million in the reported quarter versus $391 million in the year earlier comparable quarter.
For Q4 2017, the Global Cellulose Fibers division's sales soared 90.2% to $721 million compared to $379 million in Q4 2016. The segment's operating profit were $79 million in the reported quarter compared to operating loss of $70 million in the prior year's corresponding quarter.
The Printing Papers segment's sales totaled $1.11 billion in Q4 2017, up 4.7% compared to $1.06 billion in Q4 2016. The segment's operating profit in the reported quarter were $136 million versus $121 million in the year ago same period.
Cash Matters
International Paper's cash provided by operations was $1.8 billion for FY17 and $1.2 billion in Q4 2017. The Company's free cash flow was $2.0 billion for FY17 and $732 million in the reported quarter.
Stock Performance Snapshot
February 21, 2018 - At Wednesday's closing bell, International Paper's stock was marginally up 0.69%, ending the trading session at $58.40.
Volume traded for the day: 2.28 million shares.
Stock performance in the last three-month - up 7.73%; previous six-month period - up 9.82%; past twelve-month period - up 10.69%; and year-to-date - up 0.79%
After yesterday's close, International Paper's market cap was at $23.97 billion.
Price to Earnings (P/E) ratio was at 11.56.
The stock has a dividend yield of 3.25%.
The stock is part of the Consumer Goods sector, categorized under the Packaging & Containers industry.
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