Jul 29, 2014. /Lesprom Network/. International Paper reported 2Q 2014 net earnings attributable to common shareholders totaling $161 million compared with a net loss of $95 million in the 1Q 2014, which included a pre-tax charge of $495 million associated with the Courtland mill shutdown, and net earnings of $259 million in the 2Q 2013. Quarterly net sales were $7.2 billion compared with $7 billion in the 1Q 2014 and $7.3 billion in the 2Q 2013, as the company said in the press release received by Lesprom Network.

Operating earnings were $409 million in the 2Q 2014, compared with $265 million in the 1Q 2014 and $288 million in the 2Q 2013.

Business segment operating profits before special items in the 2Q 2014 were $697 million, compared with $577 million in the 1Q 2014.

"International Paper delivered strong results with increased volume and expanded margins in the face of relatively high input costs," said John Faraci, Chairman and CEO. "As we move into the second half of the year, the company is well positioned to improve earnings and free cash flow generation for the balance of 2014, despite a challenging global environment."

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.