In the 4Q 2014, the Company reported net earnings of $134 million compared with $436 million in the 4Q 2013.
Full-year 2014 operating earnings were $1.3 billion compared with $1.4 billion in 2013. Operating earnings in the 4Q 2014 totaled $227 million compared with $359 million in the 4Q 2013.
Annual sales totaled $23.6 billion in 2014 compared with $23.5 billion in 2013. Quarterly net sales were $5.9 billion in the 4Q 2014 compared with $5.8 billion in the 4Q 2013.
Full-year 2014 business segment operating profits were $2.8 billion compared with $2.6 billion in 2013. Business segment operating profits in the 4Q 2014 were $694 million, compared with $661 million in the 4Q 2014.
"International Paper delivered record cash from operations through strong performance by the North American Industrial Packaging group," said Mark Sutton, Chairman and CEO. "As we enter 2015, a strengthening North American economy is helping to offset a global environment that remains challenged. With our focus on execution, IP expects to deliver another year of earnings growth and strong free cash flow."
International Paper is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging along with uncoated papers and pulp.
