International Paper (IP)

International Paper said that its third quarter net income rose to $371 million, or 87 cents a share, from $149 million, or 35 cents, a year earlier. Net income included $525 million in U.S. pretax credits for burning the alternative fuel black liquor, a pulp-wood residue. Sales in the third quarter fell 13 percent to $5.92 billion from $6.81 billion a year ago.
But CEO John Faraci said that at the end of the quarter the company "began to see some modest improvements in demand in some segments of our paper and packaging businesses."

Oct 28 · 9:42:00 AM · Source: Company News Release
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by Larry Etter