
International Paper, one of the world’s leading companies in pulp and packaging production, announced 2024 net income of US$557 million, equivalent to US$1.57 per diluted share, and adjusted operating income (non-GAAP) of US$400 million, or US$1.13 per diluted share. Annual net revenue was US$18.6 billion, slightly down on the US$18.9 billion recorded in 2023. In the fourth quarter, the company reported a net loss of US$147 million and an adjusted operating loss of US$7 million.
The results were impacted by a pre-tax charge of US$395 million, related to accelerated depreciation and restructuring, including the closure of the pulp mill in Georgetown, South Carolina. Despite this, the company is reinforcing its strategy of sustainable growth and cost reduction for 2025.
In the industrial packaging segment, operating profit for the fourth quarter was US$247 million, an increase on the US$197 million of the previous quarter, driven by the stabilization of sales prices and lower input costs. In the cellulose fibers segment, the company recorded an operating profit (loss) of US$250 million, due to falling sales volumes and higher operating costs.
For 2025, the company is projecting a further reduction in costs and adjustments to its production capacity. It is also exploring strategic options for its global cellulose fiber business and plans to integrate DS Smith into its corporate structure.
“2025 will be a transformational year with disciplined execution to further reduce costs and balance our capacity to our demand,” said Chairman and CEO Andy Silvernail. “We will continue to optimize and invest in our box plant system to deliver service excellence for our customers while actively exploring strategic options for our Global Cellulose Fibers business. We look forward to welcoming the DS Smith team into the IP family as we work together to become a global leader in sustainable packaging solutions.”