International Paper Co (MEX:IP)
MXN 1,140.88 (0%) Market Cap: 519.36 Bil Enterprise Value: 686.42 Bil PE Ratio: 43.90 PB Ratio: 1.50 GF Score: 79/100
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Q3 2024 International Paper Co Earnings Call Transcript

Oct 31, 2024 / 02:00 PM GMT
Release Date Price: MXN883

Key Points

Positve
  • International Paper Co (IP) is implementing a performance-driven culture aimed at creating significant value for employees, customers, and shareholders.
  • The company is actively deploying the 80/20 methodology to reduce complexity and costs, which has already shown early productivity improvements of 20% to 30% in pilot areas.
  • IP is focusing on strategic customers and markets, aligning resources and investments to win, and simplifying operations to enhance customer experience and lower costs.
  • The company has announced plans for greenfield and brownfield box plant investments to strengthen its position in strategic markets.
  • IP's third-quarter earnings exceeded expectations, driven by strong price improvements and a successful box go-to-market strategy.
Negative
  • Operating costs were higher sequentially due to lower volumes, seasonally higher labor costs, and reliability issues at the mill system.
  • The company announced five plant closures, which, while optimizing the footprint, involve difficult decisions impacting team members and communities.
  • IP's packaging volumes in Europe have softened, and the company is restructuring commercial agreements to improve profitability, which may impact volumes in the near term.
  • The company is facing significant accelerated depreciation expenses associated with facility closures.
  • There are concerns about the potential volatility and complexity in the business, particularly in the Global Cellulose Fibers segment, which is under strategic review.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IP.N - International Paper Co
Q3 2024 International Paper Co Earnings Call
Oct 31, 2024 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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(technical difficulty) The commission will also present certain non-US GAAP financial information.

A reconciliation of those figures to US GAAP financial measures is available on our website.

Our website also contains copies of the third quarter earnings press release and today's presentation slides.

With that, I'll now turn the call over to Andy Silvernail.

Thanks, Mark.

Good morning.

Good afternoon, everyone.

I'm again on slide 3, my first six months in the scene, I'm encouraged by the pace of improvement and prior to the team for aggressively engaging 90s transformation.

We're building a performance driven culture and IP that will enable us to create
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