International Paper registers sales growth
| 25 October, 2018
International Paper reported revenues of $5,901 million in the fiscal third quarter, up from 5,517 million in the same period last year.
Printing Papers operating profits were driven by further price realization and lower planned maintenance outage costs.
"International Paper delivered very strong performance and significant year-over-year earnings growth in the third quarter," said Mark Sutton, Chairman and Chief Executive Officer. "We had solid commercial performance and continued momentum across the businesses, and we continue to work aggressively to offset higher distribution and input costs. I'm proud of the outstanding work to safely prepare, secure and restart the facilities affected by Hurricane Florence. Looking ahead to the fourth quarter, we see continued healthy demand for our products and remain confident in our commitment to deliver strong full-year earnings growth in 2018."