International Paper (IP) Revenue — Quarter Ended Mar 31, 2024
Revenue for the reported quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential improvement followed a decline in the prior period.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the reported quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential improvement followed a decline in the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.9B
Revenue reported for this quarter.
Quarter-over-quarter
+127.9%
Change from the immediately preceding quarter.
Year-over-year
-22.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.9B
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 |
|---|---|---|
| Jun 30, 2023 | $4.7B | -13.1% |
| Sep 30, 2023 | $4.6B | -14.6% |
| Dec 31, 2023 | $1.7B | -66.5% |
| Mar 31, 2024 | $3.9B | -22.0% |
Revenue performance
Net sales were higher than in the immediately preceding quarter, reversing the prior period's downward trend.
Quarterly comparison
Compared to the same quarter one year earlier, net sales were lower. The year-over-year decrease contrasts with the sequential increase.
What to watch
The company's cash provided by operations improved year-over-year, partly driven by working capital changes; monitor how revenue trends continue to influence operating cash flow.