International Paper (IP) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to both the preceding quarter and the same quarter one year earlier. The quarter's top line was substantially higher than the previous period and also exceeded the prior year's level.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to both the preceding quarter and the same quarter one year earlier. The quarter's top line was substantially higher than the previous period and also exceeded the prior year's level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.4B
Revenue reported for this quarter.
Quarter-over-quarter
+38.9%
Change from the immediately preceding quarter.
Year-over-year
+16.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.7B
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, 2023 | $4.6B | -14.6% |
| Dec 31, 2023 | $1.7B | -66.5% |
| Mar 31, 2024 | $3.9B | -22.0% |
| Jun 30, 2024 | $5.4B | +16.1% |
Revenue performance
The reported revenue for the quarter was higher than the immediately preceding quarter and also higher than the same quarter a year ago. The sequential and year-over-year comparisons both show positive growth.
Quarterly comparison
Sequentially, revenue rose sharply from the prior quarter, while the year-over-year gain was more moderate. The quarter's performance reflects an improvement from the preceding period and a continued increase from the same period last year.
What to watch
The company noted that cash provided by operations for the first half of the year declined, influenced by the timing of mill outage spending and input pricing.