Subtext

International Paper Company IP

SectorMaterials
Transcripts70
Date range2007-11-02 – 2025-04-30
Calls charted70

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-19-10+0+10+192007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · Overall: +5.62008 Q1 · Overall: -0.22008 Q2 · Overall: +4.22008 Q3 · Overall: -0.82008 Q4 · Overall: -6.02009 Q1 · Overall: +1.92009 Q2 · Overall: +3.72009 Q3 · Overall: +5.92009 Q4 · Overall: +6.02010 Q1 · Overall: +3.12010 Q2 · Overall: +5.62010 Q3 · Overall: +7.92010 Q4 · Overall: +7.62011 Q1 · Overall: +8.52011 Q2 · Overall: -1.92011 Q3 · Overall: +8.12011 Q4 · Overall: +9.22012 Q1 · Overall: +6.72012 Q2 · Overall: +4.92012 Q3 · Overall: +7.12012 Q4 · Overall: +4.42013 Q1 · Overall: +5.02013 Q2 · Overall: +7.42013 Q3 · Overall: +7.12013 Q4 · Overall: +6.52014 Q1 · Overall: +2.02014 Q2 · Overall: +6.72014 Q3 · Overall: +2.52014 Q4 · Overall: +6.52015 Q1 · Overall: +5.82015 Q2 · Overall: +9.02015 Q3 · Overall: +7.62015 Q4 · Overall: +5.92016 Q1 · Overall: +8.62016 Q2 · Overall: +6.62016 Q3 · Overall: +5.12016 Q4 · Overall: +3.22017 Q1 · Overall: +3.62017 Q2 · Overall: +10.22017 Q3 · Overall: +6.72017 Q4 · Overall: +11.42018 Q1 · Overall: +6.32018 Q2 · Overall: +6.82018 Q3 · Overall: +6.92018 Q4 · Overall: +7.02019 Q1 · Overall: +4.72019 Q2 · Overall: -0.62019 Q3 · Overall: +4.72019 Q4 · Overall: +4.82020 Q1 · Overall: -0.52020 Q2 · Overall: +5.82020 Q3 · Overall: +10.32020 Q4 · Overall: +11.72021 Q1 · Overall: +5.92021 Q2 · Overall: +6.82021 Q3 · Overall: +7.42021 Q4 · Overall: +1.52022 Q1 · Overall: +11.32022 Q2 · Overall: +13.52022 Q3 · Overall: +4.12022 Q4 · Overall: +10.82023 Q1 · Overall: +6.12023 Q2 · Overall: +3.72023 Q3 · Overall: +16.92023 Q4 · Overall: +10.22024 Q1 · Overall: +5.62024 Q2 · Overall: +10.32024 Q3 · Overall: +14.92024 Q4 · Overall: +6.62025 Q1 · Overall: +9.2
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-29-14+0+14+292007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · CEO: +11.12008 Q1 · CEO: +1.62008 Q3 · CEO: -2.12008 Q4 · CEO: -4.72009 Q1 · CEO: -0.62009 Q2 · CEO: +7.02009 Q3 · CEO: +4.92009 Q4 · CEO: +5.92010 Q1 · CEO: +6.42010 Q2 · CEO: +8.92010 Q3 · CEO: +8.82010 Q4 · CEO: +7.82011 Q1 · CEO: +14.92011 Q2 · CEO: +3.82011 Q3 · CEO: +10.32011 Q4 · CEO: +13.72012 Q1 · CEO: +7.82012 Q2 · CEO: +3.72012 Q3 · CEO: +6.42012 Q4 · CEO: +12.32013 Q1 · CEO: +4.12013 Q2 · CEO: +12.82013 Q3 · CEO: +12.12013 Q4 · CEO: +18.92014 Q1 · CEO: +5.72014 Q2 · CEO: +11.42014 Q3 · CEO: +6.92014 Q4 · CEO: +13.42015 Q1 · CEO: +16.42015 Q2 · CEO: +17.22015 Q3 · CEO: +15.22015 Q4 · CEO: +22.42016 Q1 · CEO: +18.92016 Q2 · CEO: +15.22016 Q3 · CEO: +9.72016 Q4 · CEO: +19.92017 Q1 · CEO: +11.12017 Q2 · CEO: +16.12017 Q3 · CEO: +17.82017 Q4 · CEO: +23.42018 Q1 · CEO: +19.12018 Q2 · CEO: +13.82018 Q3 · CEO: +10.72018 Q4 · CEO: +17.92019 Q1 · CEO: +7.32019 Q2 · CEO: +4.22019 Q3 · CEO: +3.12019 Q4 · CEO: +14.72020 Q1 · CEO: +5.62020 Q2 · CEO: +9.72020 Q3 · CEO: +11.92020 Q4 · CEO: +15.32021 Q1 · CEO: +6.92021 Q2 · CEO: +9.02021 Q3 · CEO: +10.82021 Q4 · CEO: +7.32022 Q1 · CEO: +18.02022 Q2 · CEO: +13.02022 Q3 · CEO: +4.22022 Q4 · CEO: +23.02023 Q1 · CEO: +9.72023 Q2 · CEO: +8.92023 Q3 · CEO: +24.12023 Q4 · CEO: +21.62024 Q1 · CEO: +4.62024 Q2 · CEO: +13.62024 Q3 · CEO: +19.62024 Q4 · CEO: +9.82025 Q1 · CEO: +10.32007 Q3 · CFO: +2.92008 Q1 · CFO: -10.12008 Q2 · CFO: +9.02008 Q4 · CFO: -8.22009 Q1 · CFO: +1.92009 Q2 · CFO: +5.72009 Q3 · CFO: -8.02009 Q4 · CFO: +2.92010 Q1 · CFO: +0.62010 Q2 · CFO: +7.02010 Q3 · CFO: +14.82010 Q4 · CFO: +13.22011 Q1 · CFO: +11.02011 Q2 · CFO: +4.32011 Q3 · CFO: +23.52011 Q4 · CFO: +11.32012 Q1 · CFO: +22.62012 Q2 · CFO: +17.42012 Q3 · CFO: +10.92012 Q4 · CFO: +8.22013 Q1 · CFO: +12.32013 Q2 · CFO: +15.42013 Q3 · CFO: +20.82013 Q4 · CFO: +6.22014 Q1 · CFO: +1.62014 Q2 · CFO: +10.62014 Q3 · CFO: +6.82014 Q4 · CFO: +7.62015 Q1 · CFO: +3.02016 Q1 · CFO: +12.12016 Q2 · CFO: +12.22016 Q3 · CFO: +7.62016 Q4 · CFO: +1.92017 Q1 · CFO: +0.62017 Q2 · CFO: +9.52017 Q3 · CFO: +13.52017 Q4 · CFO: +14.72018 Q1 · CFO: +6.42018 Q2 · CFO: +13.82018 Q3 · CFO: +13.22018 Q4 · CFO: +7.82019 Q1 · CFO: +9.32019 Q2 · CFO: +3.32019 Q3 · CFO: +14.72019 Q4 · CFO: +1.42020 Q1 · CFO: -0.42020 Q2 · CFO: +8.42020 Q3 · CFO: +19.22020 Q4 · CFO: +13.12021 Q1 · CFO: +11.12021 Q2 · CFO: +10.22021 Q3 · CFO: +10.12021 Q4 · CFO: +0.82022 Q1 · CFO: +13.52022 Q2 · CFO: +24.82022 Q3 · CFO: +12.12022 Q4 · CFO: +10.62023 Q1 · CFO: +4.92023 Q2 · CFO: +0.02023 Q3 · CFO: +20.72023 Q4 · CFO: +6.22024 Q1 · CFO: -6.22024 Q2 · CFO: +8.12024 Q3 · CFO: -8.92025 Q1 · CFO: +10.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-40-20+0+20+402007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32007 Q3 · Prepared remarks: +13.22008 Q1 · Prepared remarks: -0.82008 Q2 · Prepared remarks: +6.92008 Q3 · Prepared remarks: -3.32008 Q4 · Prepared remarks: -9.42009 Q1 · Prepared remarks: +2.62009 Q2 · Prepared remarks: +11.12009 Q3 · Prepared remarks: +2.42009 Q4 · Prepared remarks: +6.62010 Q1 · Prepared remarks: +6.02010 Q2 · Prepared remarks: +6.02010 Q3 · Prepared remarks: +11.22010 Q4 · Prepared remarks: +14.82011 Q1 · Prepared remarks: +17.72011 Q2 · Prepared remarks: +9.32011 Q3 · Prepared remarks: +11.02011 Q4 · Prepared remarks: +20.82012 Q1 · Prepared remarks: +17.12012 Q2 · Prepared remarks: +9.52012 Q3 · Prepared remarks: +13.62012 Q4 · Prepared remarks: +8.22013 Q1 · Prepared remarks: +8.92013 Q2 · Prepared remarks: +15.72013 Q3 · Prepared remarks: +23.32013 Q4 · Prepared remarks: +12.72014 Q1 · Prepared remarks: +4.52014 Q2 · Prepared remarks: +15.02014 Q3 · Prepared remarks: +10.12014 Q4 · Prepared remarks: +15.72015 Q1 · Prepared remarks: +20.82015 Q2 · Prepared remarks: +18.02015 Q3 · Prepared remarks: +15.92015 Q4 · Prepared remarks: +15.72016 Q1 · Prepared remarks: +22.62016 Q2 · Prepared remarks: +25.32016 Q3 · Prepared remarks: +8.42016 Q4 · Prepared remarks: +6.92017 Q1 · Prepared remarks: +0.72017 Q2 · Prepared remarks: +10.32017 Q3 · Prepared remarks: +18.12017 Q4 · Prepared remarks: +22.22018 Q1 · Prepared remarks: +15.22018 Q2 · Prepared remarks: +23.92018 Q3 · Prepared remarks: +19.12018 Q4 · Prepared remarks: +17.42019 Q1 · Prepared remarks: +15.72019 Q2 · Prepared remarks: +8.72019 Q3 · Prepared remarks: +17.12019 Q4 · Prepared remarks: +10.12020 Q1 · Prepared remarks: +0.82020 Q2 · Prepared remarks: +10.12020 Q3 · Prepared remarks: +19.92020 Q4 · Prepared remarks: +18.62021 Q1 · Prepared remarks: +15.22021 Q2 · Prepared remarks: +16.52021 Q3 · Prepared remarks: +16.62021 Q4 · Prepared remarks: +5.82022 Q1 · Prepared remarks: +20.32022 Q2 · Prepared remarks: +34.82022 Q3 · Prepared remarks: +17.62022 Q4 · Prepared remarks: +22.92023 Q1 · Prepared remarks: +6.42023 Q2 · Prepared remarks: +13.42023 Q3 · Prepared remarks: +30.32023 Q4 · Prepared remarks: +16.82024 Q1 · Prepared remarks: +13.02024 Q2 · Prepared remarks: +18.32024 Q3 · Prepared remarks: +26.72024 Q4 · Prepared remarks: +10.52025 Q1 · Prepared remarks: +22.12007 Q3 · Q&A responses: +5.22008 Q1 · Q&A responses: +2.52008 Q2 · Q&A responses: +4.32008 Q3 · Q&A responses: +6.82008 Q4 · Q&A responses: -0.72009 Q1 · Q&A responses: +0.22009 Q2 · Q&A responses: +1.22009 Q3 · Q&A responses: +13.22009 Q4 · Q&A responses: +10.22010 Q1 · Q&A responses: +4.42010 Q2 · Q&A responses: +10.12010 Q3 · Q&A responses: +11.52010 Q4 · Q&A responses: +6.02011 Q1 · Q&A responses: +7.22011 Q2 · Q&A responses: +0.52011 Q3 · Q&A responses: +11.62011 Q4 · Q&A responses: +0.82012 Q1 · Q&A responses: +4.72012 Q2 · Q&A responses: +7.02012 Q3 · Q&A responses: +11.42012 Q4 · Q&A responses: +7.62013 Q1 · Q&A responses: +7.42013 Q2 · Q&A responses: +4.32013 Q3 · Q&A responses: +2.52013 Q4 · Q&A responses: +6.82014 Q1 · Q&A responses: +3.62014 Q2 · Q&A responses: +8.82014 Q3 · Q&A responses: +2.52014 Q4 · Q&A responses: +7.92015 Q1 · Q&A responses: +8.02015 Q2 · Q&A responses: +9.72015 Q3 · Q&A responses: +7.42015 Q4 · Q&A responses: +4.92016 Q1 · Q&A responses: +9.22016 Q2 · Q&A responses: +4.02016 Q3 · Q&A responses: +8.22016 Q4 · Q&A responses: +6.42017 Q1 · Q&A responses: +9.52017 Q2 · Q&A responses: +12.32017 Q3 · Q&A responses: +6.02017 Q4 · Q&A responses: +10.32018 Q1 · Q&A responses: +7.22018 Q2 · Q&A responses: +5.42018 Q3 · Q&A responses: +7.52018 Q4 · Q&A responses: +7.82019 Q1 · Q&A responses: +4.32019 Q2 · Q&A responses: +0.02019 Q3 · Q&A responses: +4.02019 Q4 · Q&A responses: +6.12020 Q1 · Q&A responses: +2.82020 Q2 · Q&A responses: +7.52020 Q3 · Q&A responses: +9.22020 Q4 · Q&A responses: +9.02021 Q1 · Q&A responses: +3.32021 Q2 · Q&A responses: +5.32021 Q3 · Q&A responses: +6.22021 Q4 · Q&A responses: +1.82022 Q1 · Q&A responses: +9.22022 Q2 · Q&A responses: +0.82022 Q3 · Q&A responses: -1.62022 Q4 · Q&A responses: +2.62023 Q1 · Q&A responses: +8.02023 Q2 · Q&A responses: +0.62023 Q3 · Q&A responses: +12.12023 Q4 · Q&A responses: +8.52024 Q1 · Q&A responses: +8.92024 Q2 · Q&A responses: +7.82024 Q3 · Q&A responses: +11.32024 Q4 · Q&A responses: +6.12025 Q1 · Q&A responses: +2.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.81$3.83$5.852007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: $3.872014 Q2: $3.982014 Q3: $4.012014 Q4: $4.002015 Q1: $3.982015 Q2: $4.112015 Q3: $4.022015 Q4: $3.892016 Q1: $3.452016 Q2: $3.562016 Q3: $3.722016 Q4: $4.022017 Q1: $3.762017 Q2: $3.962017 Q3: $4.082017 Q4: $4.292018 Q1: $4.932018 Q2: $5.342018 Q3: $5.572018 Q4: $5.572019 Q1: $5.262019 Q2: $5.042019 Q3: $4.202019 Q4: $3.812020 Q1: $2.832020 Q2: $2.172020 Q3: $2.542020 Q4: $3.632021 Q1: $3.942021 Q2: $5.042021 Q3: $5.442021 Q4: $4.702022 Q1: $4.432022 Q2: $4.762022 Q3: $4.512022 Q4: $3.142023 Q1: $2.842023 Q2: $2.462023 Q3: $2.162023 Q4: $2.092024 Q1: $2.332024 Q2: $2.442024 Q3: $2.442024 Q4: $2.97

Forward P/E

6.2513.8221.382007 Q32010 Q12012 Q22014 Q32016 Q42019 Q12021 Q22023 Q32014 Q1: 11.772014 Q2: 12.282014 Q3: 12.132014 Q4: 13.372015 Q1: 13.832015 Q2: 12.402015 Q3: 10.252015 Q4: 9.922016 Q1: 11.712016 Q2: 11.682016 Q3: 12.772016 Q4: 13.162017 Q1: 13.652017 Q2: 14.102017 Q3: 13.752017 Q4: 13.172018 Q1: 11.092018 Q2: 10.712018 Q3: 9.742018 Q4: 7.292019 Q1: 8.992019 Q2: 8.522019 Q3: 9.812019 Q4: 12.152020 Q1: 10.952020 Q2: 16.252020 Q3: 16.542020 Q4: 13.582021 Q1: 13.762021 Q2: 12.332021 Q3: 10.652021 Q4: 9.832022 Q1: 9.962022 Q2: 9.252022 Q3: 8.792022 Q4: 11.822023 Q1: 12.152023 Q2: 12.902023 Q3: 15.632023 Q4: 17.662024 Q1: 15.542024 Q2: 18.992024 Q3: 20.342024 Q4: 18.06

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2016 Q1 tone ↑ +2.7 fwd EPS ↓ -0.44 Tone rose while the forward EPS estimate was cut.
  • 2017 Q3 tone ↓ -3.5 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↓ -5.1 fwd EPS ↑ +0.64 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q3 tone ↑ +5.2 fwd EPS ↓ -0.85 Tone rose while the forward EPS estimate was cut.
  • 2020 Q2 tone ↑ +6.3 fwd EPS ↓ -0.66 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↓ -5.9 fwd EPS ↑ +0.31 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↑ +9.8 fwd EPS ↓ -0.27 Tone rose while the forward EPS estimate was cut.
  • 2022 Q4 tone ↑ +6.7 fwd EPS ↓ -1.37 Tone rose while the forward EPS estimate was cut.
  • 2023 Q3 tone ↑ +13.3 fwd EPS ↓ -0.30 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -4.6 fwd EPS ↑ +0.25 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q4 tone ↓ -8.3 fwd EPS ↑ +0.54 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-30+9.2——View →
2024 Q42025-01-30+6.6$2.9718.1View →
2024 Q32024-10-31+14.9$2.4420.3View →
2024 Q22024-07-24+10.3$2.4419.0View →
2024 Q12024-04-25+5.6$2.3315.5View →
2023 Q42024-02-01+10.2$2.0917.7View →
2023 Q32023-10-26+16.9$2.1615.6View →
2023 Q22023-07-27+3.7$2.4612.9View →