International Paper (NYSE: IP) announced on Friday that it will release its earnings for the third quarter of 2023 on October 26, before the opening of the New York Stock Exchange. The Memphis-based global producer of planet-friendly packaging, pulp, and other fiber-based products will host a webcast to discuss these earnings and current market conditions at 10 a.m. ET.
According to InvestingPro data, the company has a market cap of 12.35B USD and a P/E ratio of 12.03. The company's revenue for the last twelve months was reported at 20.24B USD, with a gross profit of 5737M USD. The company's dividend yield as of 2023 was 5.23%, reflecting a strong return to shareholders.
InvestingPro Tips reveals that International Paper has a high shareholder yield and has maintained dividend payments for 53 consecutive years. This stability in dividend payments is a testament to the company's financial health and commitment to rewarding its shareholders. Additionally, the company's management has been aggressively buying back shares, another positive sign for investors.
Interested parties are invited to listen to the webcast via the company's website. A replay of the webcast will be available on the website approximately two hours after the call. For those who wish to participate in the webcast via teleconference, they may dial +1 234-720-6995 or, within the U.S. only, 844-291-6362 and ask to be connected to the International Paper third-quarter earnings call. The conference ID number is 266985.
An audio-only replay will be available for ninety days following the call. To access the replay, participants can dial +1 402-970-0847 or, within the U.S. only, 866-207-1041, and when prompted for the conference ID, enter 7315213.
International Paper is one of North America's largest recyclers and employs approximately 39,000 colleagues globally. The company serves customers worldwide with manufacturing operations in North America, Latin America, North Africa, and Europe. Net sales for 2022 were reported at $21.2 billion. For more insights and investment tips, consider checking out InvestingPro, which offers numerous additional tips for informed investing.
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