International Paper Reports Full-Year and Fourth Quarter 2019 Results
The company delivered solid earnings and outstanding cash generation in the fourth quarter and full-year 2019
International Paper (NYSE: IP) today reported full-year and fourth quarter 2019 financial results.
HIGHLIGHTS
'International Paper delivered solid earnings and outstanding cash generation in the fourth quarter and full-year 2019,' said Mark Sutton, Chairman and Chief Executive Officer. 'We again demonstrated our flexibility to navigate through challenging market conditions by optimizing our full value chain. In 2019, we returned $1.3 billion to shareholders and reduced debt by $1.0 billion, while continuing to strengthen our packaging business through targeted investments. We are delivering commercial wins and will continue to tightly manage costs, capital spending and working capital to generate strong cash flows in 2020, despite earnings headwinds. Additionally, we will continue to make choices consistent with our capital allocation framework to drive long-term value creation.'
For full details please visit PRNewswire
4th Quarter 2019 Earnings (Printable Slides)
Источник: International Paper