International Paper Scheduled to Release Q3 2023 Earnings on October 26

International Paper (NYSE: IP) announced on Friday that it will report its earnings for the third quarter of 2023 on October 26, prior to the opening of the New York Stock Exchange. The Memphis-based global manufacturer of sustainable packaging, pulp, and other fiber-based products will host a webcast at 10 a.m. ET to discuss these earnings and the current market landscape.

According to recent data, the company has a market capitalization of approximately $12.35 billion and a price-to-earnings (P/E) ratio of 12.03. Over the past twelve months, International Paper reported revenue of $20.24 billion and a gross profit of $5.737 billion. The company’s dividend yield stands at 5.23% in 2023, indicating a strong return for shareholders.

Insights indicate that International Paper boasts a high shareholder yield and has consistently paid dividends for 53 consecutive years, demonstrating its financial stability and commitment to shareholders. Furthermore, the company’s management has been actively buying back shares, which is another encouraging sign for investors.

Those interested can listen to the webcast on the company’s site, with a replay expected to be available about two hours after the call concludes. Participants wishing to join via teleconference can do so by dialing +1 234-720-6995 or, within the U.S., 844-291-6362 and requesting to be connected to the earnings call. The conference ID number for this call is 266985.

An audio-only replay will be accessible for ninety days after the call. To access the replay, participants can dial +1 402-970-0847 or, within the U.S., 866-207-1041, entering conference ID 7315213 when prompted.

As one of North America’s largest recyclers, International Paper employs around 39,000 people worldwide, serving customers through various manufacturing operations in North America, Latin America, North Africa, and Europe. The company reported net sales of $21.2 billion for 2022. For more insights and investment tips, looking into resources that provide additional information may be beneficial.

This article was generated with the support of AI and reviewed by an editor.