International Paper (IP) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter decreased sharply compared to both the prior quarter and the same quarter last year. The decline reflects a continued downward trend observed throughout the fiscal year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter decreased sharply compared to both the prior quarter and the same quarter last year. The decline reflects a continued downward trend observed throughout the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
-62.8%
Change from the immediately preceding quarter.
Year-over-year
-66.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$16B
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 |
|---|---|---|
| Mar 31, 2023 | $5B | -4.1% |
| Jun 30, 2023 | $4.7B | -13.1% |
| Sep 30, 2023 | $4.6B | -14.6% |
| Dec 31, 2023 | $1.7B | -66.5% |
Revenue performance
The reported revenue was lower than the immediately preceding quarter, marking a sequential drop. The comparison with the same quarter one year earlier also showed a significant reduction.
Quarterly comparison
Revenue fell compared to the prior quarter and was substantially below the level reported in the same quarter of the previous year. The trailing twelve-month revenue reflects the cumulative impact of these declines.
What to watch
The revenue trajectory has been negative each quarter in fiscal year, with the steepest decline occurring in the current period.