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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
October 18, 2000
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Date of Report (Date of Earliest Event Reported)
INTERNATIONAL PAPER COMPANY
(Exact name of Registrant as specified in its charter)
NEW YORK 1-3157 13-0872805
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(State of (Commission (IRS Employer
Incorporation) File) Identification Number)
TWO MANHATTANVILLE ROAD, PURCHASE, NY 10577
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(Address of Principal executive offices)
914-397-1500
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(Telephone No.)
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
N/A
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
N/A
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
N/A
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
N/A
ITEM 5. OTHER EVENTS
The Company today reported third-quarter 2000 earnings of $260
million ($.53 per share) before special and extraordinary
items. This represents a 15 percent increase over
third-quarter 1999 earnings of $193 million ($.46 per share)
before special and extraordinary items. Third-quarter 2000 net
sales were $7.8 billion, up from $6.3 billion in the same
quarter a year ago.
International Paper reported a net loss of $135 million ($.38
per share) in the third quarter of 2000, after special and
extraordinary items, compared with net earnings of $270
million ($.64 per share) in the second quarter of 2000 after
special items. Third-quarter 1999 net earnings were $142
million ($.34 per share) after special and extraordinary
items.
Extraordinary items in the third quarter included a charge of
$310 million after taxes ($.64 per share) resulting from the
anticipated sales of Masonite and Zanders. Special items
amounted to $85 million after taxes ($.18 per share) for
merger-related items and Masonite reserves.
The Company also announced the closure of three mills and the
scaling back of one mill as part of a capacity reduction. The
mills at Lock Haven, Pennsylvania, Mobile, Alabama, and
Camden, Arkansas will be shut down. The Courtland, Alabama
mill will be scaled back.
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ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS
N/A
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements:
N/A
(b) Pro Forma Financial Information:
N/A
(c) Exhibits
(99) Press release issued by International Paper
dated October 18, 2000 announcing third quarter earnings and
announcing the closure of three mills and the scaling back of
one mill as part of the Company's capacity reduction.
.ITEM 8. CHANGES IN FISCAL YEAR
N/A
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
INTERNATIONAL PAPER COMPANY
(Registrant)
Date: October 18, 2000 /S/ CAROL M. SAMALIN
Purchase, NY ----------------------------------------------
Carol M. Samalin
Assistant Secretary
