International Paper Sets Sights on Streamlined Success: Beats Q2 EPS Estimates Amid Sales Challenges
International Paper Sets Sights on Streamlined Success: Beats Q2 EPS Estimates Amid Sales Challenges
International Paper Co (NYSE:IP) shares are trading lower after the company reported second-quarter FY24 sales growth of 1.1% year-on-year to $4.73 billion, missing the analyst consensus estimate of $4.78 billion.
国际纸业股份有限公司（NYSE: IP）股票下跌，此前公司报告FY24第二季度销售增长率为1.1%，同比达到$4.73亿，未能达到分析师共识预期的$4.78亿。
Net sales from Industrial Packaging rose 1.2% Y/Y to $3.9 billion, Global Cellulose Fibres grew 2.7% to $717 million, and Corporate and Inter-segment declined 14%.
工业包装净销售额同比增长1.2%至3.9亿美元，全球纤维素纤维净销售额增长2.7%至7170万美元，企业及区间净销售额下降14%。
Selling and administrative expenses rose 34.8% to $453 million. Adjusted EPS of $0.55 beat the analyst consensus of $0.41.
销售及管理费用同比增长34.8%至4530万美元。调整后的EPS为0.55美元，超出分析师预期的0.41美元。
Business segment operating income for the quarter was $322 million, with the margin at 6.8%.
本季度业务部门营业收入为3,220万美元，毛利率为6.8%。
The company held $1.04 billion in cash and equivalents as of June-end. Cash provided by operating activities during the quarter totaled $365 million, with a free cash flow of $167 million.
公司截至6月底持有10.4亿美元的现金及等价物。本季度经营活动提供的现金流量为3,650万美元，自由现金流为1,670万美元。
Andy Silvernail, CEO, said, "While our second quarter financial results increased sequentially on better price and seasonally higher volumes, we expect near-term performance to be challenged."
首席执行官Andy Silvernail表示：“尽管我们的第二季度财务业绩因价格改善和季节性需求增加而环比上升，但我们预计短期业绩将面临挑战。”
"In order to accelerate improvement, we are deploying an 80/20 business process. We will make the changes needed to focus our portfolio, become excellent with our customers and optimize our cost to deliver profitable growth."
“为了加速改进，我们正在实施80/20的业务流程。我们将进行必要的变革，以专注于我们的投资组合，与客户建立卓越关系并优化成本，实现盈利增长。”
Price Action: IP shares traded lower by 0.50% at $45.69 at last check Wednesday.
股价走势：周三最后一次检查时，IP股票下跌了0.50%，报45.69美元。