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Klabin posts Q1 net profit of R$460M, down 64% from year-ago period, but up 24% from Q4, as revenue drops 8% year-over-year to R$4.43B; pulp prices saw recovery in Q1, and increased kraftliner demand confirmed the market recovery that began in Q4
Published: April 25, 2024 by CE Noticias Financieras (Latin America)
Zacks: IP's Q1 adjusted EPS miss estimate, down 68% year-over-year due to decline in corrugated packaging volumes, lower prices in both Industrial Packaging and Global Cellulose Fibers segments; sales beat estimate, but down 8% mainly due to lower prices
Published: April 25, 2024 by Zack's Commentary
RBC highlights paper products news for week of April 22: Containerboard and boxboard prices flat, kraft paper up month-over-month; RYAM's Tartas plant in France ships first truckload of 2G bioethanol; IP agrees to acquire DS Smith in all-share combination
Published: April 25, 2024 by RBC Capital Markets LLC
IP's Q1 net earnings drop 67% year-over-year to US$56M, on net sales down 8% to US$4.62B, negative impact of US$52M due to January freeze, Ixtac, Mexico, fire; costs remain elevated, Q1 volumes were seasonally lower, but market trends continue to improve
Published: April 25, 2024 by International Paper Co.
Commentary: Fiber packaging sector recovering from post-pandemic slump, but producers not out of woods yet; despite extended producer responsibility legislation and other efforts driving demand, pricing controversy prompts calls for pricing model reform
Published: April 24, 2024 by Packaging Dive

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