International Paper Reports Full-Year and Fourth Quarter 2022 Results
FULL-YEAR AND FOURTH QUARTER 2022 HIGHLIGHTS *Full-year 2022 net earnings (loss) attributable to International Paper of $1.5 billion ($4.10 per diluted share) compared with $1.8 billion ($4.47 per diluted share) for full-year 2021 *Full-year 2022 adjusted operating earnings* (non-GAAP) of $1.2 billion ($3.18 per diluted share) compared with $944 million ($2.41 per diluted share) for full-year 2021 *Fourth quarter net earnings (loss) attributable to International Paper of $(318) million ($(0.90) per diluted share) including a $533 million non-cash impairment of our Ilim joint venture investment; Fourth quarter adjusted operating earnings* *9% full-year revenue growth; 24% full-year operating earnings growth *Building a Better IP initiatives delivered $250 million of earnings benefit in 2022, including $75 million in fourth quarter *$2.2 billion of full-year 2022 cash provided by operations, including $761 million of cash provided in fourth quarter