International Paper has confirmed its results for Q2 2019. It generated net sales of $5,667m for the period ($5,833m Q2 2018), with earnings of $334m ($490m Q2 2018). The packaging division produced $3,864m of net sales ($4,022m Q2 2018).
"International Paper delivered solid earnings and generated strong cash from operations in the second quarter," said Mark Sutton, Chairman and Chief Executive Officer. "We continued to operate well and manage costs across our businesses. We also returned nearly $430 million to shareholders through dividends and share repurchases. Looking ahead to the third quarter, we will leverage the strength and flexibility of International Paper to maximize performance as we manage through a challenging environment."