Global footprint helps IP 1Q earnings rise by 8.8%

摘要

Despite higher costs and seasonally slower volume, International Paper (IP) reported earnings from continuing operations (before special items) of $322 million for the first quarter, up 8.8% from the fourth quar- ter, and significantly above the $16 million reported a year ago. "First quarter results reflected continued strong performances across all of our global mill businesses," said IP chmft and CEO John.Faraci, in a release; He said Industrial Packaging and Printing Papers continued to post "solid" results, while Consumer Packaging delivered "significantly higher earnings."