International Paper reports Q2 profit slump
date:Aug 01, 2012
$9m pre-tax charges ($5m after taxes) for costs associated with the announced Q3 2012 divestiture of the Hueneme mill and two other containerboard mills.

In a conference call to discuss the results, company chairman and CEO, John V. Faraci, said the world is going sideways in terms of the environment we're operating in but there was a lot of headroom, a lot of levers we're pulling.

The big changes there, we will have less outages during the quarter by about $130 million. We've got the divestit
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05/16 22:23