International Paper’s Q3 earnings rise 61% on better margins

24 October 2013 14:44  [Source: ICIS news]

HOUSTON (ICIS)--International Paper’s third-quarter net earnings rose 61% year on year to $382m (€279m) as margins continued to expand, the US-based pulp and paper major said on Thursday.

“Results were driven by solid operational performance and higher prices that more than offset a spike in wood costs," said CEO John Faraci.

International Paper’s sales for the three months ended 30 September were $7.4bn, up from $7.0bn in the same period a year ago.

The company uses a range of chemical inputs in its production processes, including caustic soda, starch, sodium chlorate, low-density polyethylene (LDPE) and latex.

($1 = €0.73)

By: Stefan Baumgarten
+1 713 525 2653

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