International Paper Company. (NYSE:IP) Q2 2024 Earnings Conference Call July 24, 2024 10:00 AM ET

Company Participants

Mark Nellessen - VP, IR
Andy Silvernail - CEO
Timothy Nicholls - SVP & CFO

Conference Call Participants

Michael Roxland - Truist Securities
Charlie Muir-Sands - BNP Paribas
Mark Weintraub - Seaport Research Partners
Gaurav Jain - Barclays
Gabe Hajde - Wells Fargo Securities
Philip Ng - Jefferies
Matthew McKellar - RBC

Operator

Good morning, and thank you for standing by. Welcome to today's International Paper's Second Quarter 2024 Earnings Call. [Operator Instructions] It’s now my pleasure to turn the call over to Mark Nellessen, Vice President, Investor Relations. Sir, the floor is yours.

Mark Nellessen

Thank you, Allan. Good morning, and thank you for joining International Paper's second quarter earnings call. Our speakers this morning are Andy Silvernail, Chairman and Chief Executive Officer; and Tim Nicholls, Senior Vice President and Chief Financial Officer.

There was important information at the beginning of our presentation including certain legal disclaimers. For example, during this call, we will make forward-looking statements that are subject to risks and uncertainties. These and other factors that could cause actual results to differ materially from such forward-looking statements can be found in our press releases and reports filed with the U.S. Securities & Exchange Commission. We will also present certain non-U.S. GAAP financial information. A reconciliation of those figures to U.S. GAAP financial measures is available on our website. Our website also contains copies of the second quarter earnings press release and today's presentation slides.

With that, I'll turn it over to Andy Silvernail.

Andy Silvernail

Thanks, Mark. Hey, good morning to everybody in the Americas and good afternoon to all of our friends in Europe. I'm excited to have joined the IP team with our rich history, important mission, and dedicated, talented people. Prior to joining IP, I spent a decade as CEO of IDEX Corporation, where we delivered strong, consistent results through great teams, customer obsession, and embracing an 80/20 operating system. I also spent several years working with private equity, where speed and impact are at a premium. I've been asked many times since my announcement, why IP? The bottom line is that through my deep diligence, very similar to how I approach acquisitions, I found a company that matters in terms of its mission, a company with solid underpinnings, and a company with a lot of opportunity for improvement and significant upside potential. It is absolutely a diamond in the rough.