International Paper Posts Narrower Loss In Q4

(RTTNews) - International Paper (IP) reported a fourth quarter net loss of $147 million, or $0.42 per share, compared to a loss of $284 million or $0.82 per share, prior year. The company's results include a pre-tax charge of $395 million for accelerated depreciation and restructuring charges, including $334 million related to the closure of the Georgetown, S.C. pulp mill. Adjusted operating loss was $7 million, or $0.02 per share. Fourth quarter net sales were $4.6 billion, flat with prior year.

CEO Andy Silvernail said: "In the quarter, our earnings have stabilized and we intend to accelerate earnings improvement in 2025."

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