Nov 04, 2014. /Lesprom Network/. International Paper reported 3Q 2014 net earnings attributable to common shareholders totaling $355 million compared with net earnings of $161 million in the 2Q 2014 and net earnings of $382 million in the 3Q 2013. Amounts in all periods include the impact of special items, non-operating pension expense and discontinued operations, as the company said in the press release received by Lesprom Network.

Operating earnings were $409 million in the 3Q 2014, compared with $400 million in the 2Q 2014 and $455 million in the 3Q 2013.

Quarterly net sales were $6.1 billion compared with $5.9 billion in the 2Q 2014 and $6 billion in the 3Q 2013.

Business segment operating profits before special items in the 3Q 2014 were $840 million, compared with $686 million in the 2Q 2014.

"International Paper delivered strong results in the quarter with record performance from our North America Industrial Packaging group and solid performance in other key businesses that resulted in records for both EBITDA and free cash flow," said Mark Sutton, CEO. "IP continues to focus on growing free cash flow, increasing our return on capital and returning cash to our shareholders."

Industrial Packaging segment’s operating profits in the 3Q 2014 were $569 million ($527 million including special items) compared with $534 million ($537 million including special items) in the 2Q 2014.

Printing Papers segment’s operating profits were $192 million ($177 million including special items) in the 3Q 2014 versus $118 million ($69 million including special items) in the 2Q 2014.

Consumer Packaging segment’s operating profits were $79 million ($77 million including special items) in the 3Q 2014 compared with $34 million ($33 million including special items) in the 2Q 2014.

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 and uncoated papers.