International Paper reported 1Q 2016 net earnings of $334 million, compared with net earnings of $178 million in the 4Q 2015 and net earnings of $313 million in the 1Q 2015. Quarterly net sales were $5.1 billion in the 1Q 2016 compared with $5.4 billion in the 4Q 2015 and $5.5 billion in the 1Q 2015.

Packaging

International Paper reports 1Q net sales of $5.1 billion

Apr 27, 2016. /Lesprom Network/. International Paper reported 1Q 2016 net earnings of $334 million, compared with net earnings of $178 million in the 4Q 2015 and net earnings of $313 million in the 1Q 2015.

Operating earnings in the 1Q 2016 totaled $330 million, compared with $361 million in the 4Q 2015 and $357 million in the 1Q 2015.
Quarterly net sales were $5.1 billion in the 1Q 2016 compared with $5.4 billion in the 4Q 2015 and $5.5 billion in the 1Q 2015. Year-over-year revenues declined primarily due to the sale of the IP-Sun joint venture in the early 4Q 2015.

Free cash flow was $311 million in the 1Q 2016. Cash from operations was $620 million.

"International Paper delivered a solid 1Q driven by continued strong results from North American Industrial Packaging and improving performance in our papers businesses around the globe," said Mark Sutton, Chairman and CEO. "Demand outlook is positive and we remain focused on productivity improvements, allocating capital to high return investments and generating 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.