Quarterly net sales were $5.7 billion in 2Q 2015 compared with $5.5 billion in the 1Q 2015 and $5.9 billion in the 2Q 2014. Revenues continue to be negatively impacted by foreign exchange translation.
Business segment operating profits before special items in the 2Q 2015 were $663 million, compared with $623 million in the 1Q 2015 and $686 million in the 2Q 2014.
"IP delivered another strong quarter of earnings and free cash flow" said Mark Sutton, Chairman and CEO. "Our North American Industrial Packaging business performed very well on seasonally higher sales and increased margins. Operations around the globe ran well and we executed our heaviest quarter of maintenance outages safely and effectively. As we look forward, we are confident in our ability to continue to deliver strong results and remain focused on long term value creation for our shareholders."
International Paper (IP) 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.
