The 2014 Sustainability Report from International Paper features stories of the company’s key sustainability efforts.
International Paper today reported first quarter 2015 net earnings attributable to common shareholders of $313 million ($0.74 per share) compared with net earnings of $134 million ($0.32 per share) in the fourth quarter of 2014 and a net loss of $95 million ($0.21 per share) in the first quarter of 2014. "International Paper delivered another strong quarter through good execution and cost management that resulted in increased margins," said Mark Sutton , chairman and CEO.
For the second time this year, a worker has been killed in an accident at the International Paper Red River Mill in Campti, LA.
For the 12th time, International Paper has been named by Fortune magazine as one of “America’s Most Admired Companies.”
The 2014 fourth-quarter and full year earnings from International Paper have been released. The company reported full-year 2014 net earnings attributable to common shareholders totaling $555 million ($1.29 per share) compared with $1.4 billion ($3.11 per share) in full-year 2013. Full-year 2014 Operating Earnings were $1.3 billion ($3.00 per share) compared with $1.4 billion ($3.06 per share) in 2013.
Now we know why International Paper isn't joining with other North American paper companies in their recently filed anti-dumping complaint: It is supposedly one of the perpetrators.
The complaint itself lists the alleged perpetrators, which include International Paper's Brazilian operation. IP would probably welcome the tariffs—and not because it's been afflicted with a case of corporate masochism.
Effective this November, Mark Sutton will serve as International Paper's newest CEO. On January 1, 2015, he will assume the post of chairman, as well. The company also announced the retirement of John Faraci, current chairman and CEO for the past 11 years, along with several other new appointments.
SAVANNAH, GA—For the second time in as many weeks, a paper mill accident has claimed the life of a worker.
Ricky Salter, 58, a maintenance worker at the International Paper plant in Savannah, GA, was killed Sunday afternoon in an industrial accident, reported WJCL. International Paper said that Salter died in the plant's paper roll handling area.
International Paper is implementing a buyback of up to $1.5 billion in additional shares of the company’s common stock. The latest buyback follows another $1.5 billion repurchase that was authorized in Sept. 2013.
International Paper will repurchase the shares in open market transactions. In addition to the stock announcement, the company declared a quarterly dividend of 35 cents per share from July 1 through Sept. 30, 2014 on common stock par value $1.