International Paper (IP) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter decreased. The decline was evident when compared to the immediately preceding quarter and the same period one year earlier.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter decreased. The decline was evident when compared to the immediately preceding quarter and the same period one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.7B
Revenue reported for this quarter.
Quarter-over-quarter
-6.7%
Change from the immediately preceding quarter.
Year-over-year
-13.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $5.4B | +9.9% |
| Dec 31, 2022 | $5.1B | +0.9% |
| Mar 31, 2023 | $5B | -4.1% |
| Jun 30, 2023 | $4.7B | -13.1% |
Revenue performance
The reported net sales were lower than the prior quarter, continuing a downward trend observed over recent quarters. The year-over-year comparison also showed a significant decline.
Quarterly comparison
Sequentially, revenue fell from the first quarter of the current fiscal year. On an annual basis, revenue was down compared to the second quarter of the previous year.
What to watch
The filing context notes a decrease in cash from operations and an increase in capital spending year-to-date, which may merit attention in upcoming reports.