International Paper (IP) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined sharply compared with both the immediately preceding quarter and the same quarter one year earlier. The drop reflects a reversal from the sequential growth seen in the prior period.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined sharply compared with both the immediately preceding quarter and the same quarter one year earlier. The drop reflects a reversal from the sequential growth seen in the prior period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
-52.9%
Change from the immediately preceding quarter.
Year-over-year
-44.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.6B
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 |
|---|---|---|
| Dec 31, 2023 | $1.7B | -66.5% |
| Mar 31, 2024 | $3.9B | -22.0% |
| Jun 30, 2024 | $5.4B | +16.1% |
| Sep 30, 2024 | $2.6B | -44.5% |
Revenue performance
The reported revenue came in significantly lower than both the prior quarter and the year-ago quarter. The trajectory moved from sequential expansion to a steep contraction.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell sharply, reversing the prior period's growth. Against the same quarter one year earlier, revenue also posted a substantial decline.
What to watch
The filing context shows restructuring charges and a net income tax benefit in the current quarter, both of which may warrant attention.