Q4 24 EPS
$-0.02
MISS 166.67%
Est. $0.03
Q4 24 Revenue
$4.58B
MISS 3.78%
Est. $4.76B
vs S&P Since Q4 24
-61.4%
TRAILING MARKET
IP -41.6% vs S&P +19.7%
Full Year 2024 Results
FY 24 EPS
$1.13
MISS 9.85%
Est. $1.25
FY 24 Revenue
$18.62B
MISS 0.96%
Est. $18.80B
Market Reaction
Did IP Beat Earnings? Q4 2024 Results
International Paper closed out 2024 with a disappointing fourth quarter, posting an adjusted loss of $0.02 per share against a consensus estimate of $0.03 and revenue of $4.58 billion that fell 3.78% short of the $4.76 billion analysts had expected, … Read more International Paper closed out 2024 with a disappointing fourth quarter, posting an adjusted loss of $0.02 per share against a consensus estimate of $0.03 and revenue of $4.58 billion that fell 3.78% short of the $4.76 billion analysts had expected, with full-year net sales slipping 0.5% to roughly $18.62 billion. The headline miss was driven largely by a brutal quarter in Global Cellulose Fibers, where $215 million in accelerated depreciation tied to the closure of the Georgetown, South Carolina pulp mill helped swing that segment to an operating loss of $250 million from a $40 million profit just one quarter prior. The restructuring pain is far from over; the company subsequently announced the permanent closure of four additional U.S. Facilities, cutting roughly 800,000 tons of annual containerboard capacity and affecting 674 employees. Yet management characterized 2025 as a transformational year, pointing to the pending DS Smith integration, continued cost reductions, and strategic alternatives for Global Cellulose Fibers as catalysts intended to accelerate earnings improvement.
Key Takeaways
- • Industrial Packaging profit improved sequentially due to lower recovered fiber costs, lower planned outage costs, and insurance reimbursement from Ixtac, Mexico box plant fire
- • Global Cellulose Fibers significantly impacted by $215 million accelerated depreciation from Georgetown, SC pulp mill closure
- • Lower volumes and lower average sales prices in Global Cellulose Fibers
- • Mill reliability incidents drove higher operating costs in Global Cellulose Fibers
- • EMEA Packaging benefited from seasonally higher volumes, improved product mix, and energy subsidy
IP YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
IP Revenue by Segment
With YoY comparisons, source: SEC Filings
“During 2024, we initiated our strategy to deliver profitable growth as the low-cost, most reliable and innovative sustainable packaging solutions provider for our customers. Through a disciplined 80/20 approach, we have restructured our corporate organization, added resources to the business, reduced structural costs through footprint actions and successfully piloted regional box plant optimization. In the quarter, our earnings have stabilized and we intend to accelerate earnings improvement in 2025.”
— Andy Silvernail, Q4 2024 Earnings Press Release
IP Earnings Trends
IP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IP EPS Trend
Earnings per share: estimate vs actual
IP Revenue Trend
Quarterly revenue: estimate vs actual
IP Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q3 25 MISS | $0.56 | $-0.43 | -177.28% | $6.22B | -3.63% |
| Q2 25 MISS | $0.41 | $0.20 | -51.09% | $6.77B | +0.97% |
| Q1 25 MISS | $0.36 | $0.23 | -36.11% | $5.90B | -5.61% |
| Q4 24 MISS FY | $0.03 | $-0.02 | -166.67% | $4.58B | -3.78% |
| FY Full Year | $1.25 | $1.13 | -9.85% | $18.62B | -0.96% |