International Paper Reports Solid Q4 Results, Record Operating Earnings
Discontinued operations in the fourth quarter and third quarter of 2013, along with the fourth quarter of 2012, included the write-off of capital investments and costs associated with the divestiture of the Temple-Inland Building Products business. The operating earnings from Building Products are also included in the third quarter of 2013, for the period prior to the date of sale on July 19, 2013, and the fourth quarter of 2012.
About International Paper
International Paper (NYSE: IP) is a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Its businesses include industrial and consumer packaging and uncoated papers, complemented by xpedx, the company's North American distribution company. Headquartered in Memphis, TN, the company employs approximately 70,000 people and is strategically located in more than 24 countries serving customers worldwide. International Paper net sales for 2013 were $29 billion.
Source: International Paper.