- International Paper Co (NYSE:IP) reported a third-quarter FY22 year-over-year revenue growth of 10% to $5.40 billion, beating the consensus of $5.37 billion.
- Net sales from Industrial Packaging rose 6.7% Y/Y, Global Cellulose Fibres grew 19.9%, and Corporate and Inter-segment jumped 106.3%.
- Adjusted EPS of $1.01 missed the analyst consensus of $1.21.
- Business segment operating income for the quarter fell 5.3% to $464 million, with the margin at 8.6%.
- The company held $511 million in cash and equivalents as of September 30, 2022. Cash provided by operating activities during the quarter totaled $435 million, with a free cash flow of $197 million.
- Mark Sutton, Chairman and CEO said, “Lower consumer spending for goods and retail inventory destocking drove lower demand for packaging, and we also experienced significantly higher energy and distribution costs.”
- Price Action: IP shares traded higher by 1.52% at $33.74 on the last check Thursday.
Looking Into Definitive Healthcare’s Return On Invested Capital
According to data from Benzinga Pro, during Q2, Definitive Healthcare's (NASDAQ:DH) reported sales totaled $54.55 million. Despite a 26.64% increase in earnings, the company posted a loss of $9.58 million.
