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.
國際紙業股份有限公司（NYSE:IP）股價下跌，因公司報告的2024財年第二季度銷售額同比增長1.1％至47.3億美元，低於分析師一致預期的47.8億美元。
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%.
工業包裝淨銷售額同比增長1.2%至3.9億美元，全球纖維素纖維淨銷售額增長2.7%至7170萬美元，企業及區間淨銷售額下降14%。
Selling and administrative expenses rose 34.8% to $453 million. Adjusted EPS of $0.55 beat the analyst consensus of $0.41.
銷售及管理費用同比增長34.8%至4530萬美元。調整後的EPS爲0.55美元，超出分析師預期的0.41美元。
Business segment operating income for the quarter was $322 million, with the margin at 6.8%.
本季度業務部門營業收入爲3,220萬美元，毛利率爲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10.4億美元的現金及等價物。本季度經營活動提供的現金流量爲3,650萬美元，自由現金流爲1,670萬美元。
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."
首席執行官Andy Silvernail表示：“儘管我們的第二季度財務業績因價格改善和季節性需求增加而環比上升，但我們預計短期業績將面臨挑戰。”
"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."
“爲了加快改進，我們正在部署80/20的業務流程。我們將進行必要的更改，將我們的產品組合重點放在客戶身上，並優化我們的成本以實現盈利增長。”
Price Action: IP shares traded lower by 0.50% at $45.69 at last check Wednesday.
股價走勢：週三最後一次檢查時，IP股票下跌了0.50%，報45.69美元。