International Paper Company (NYSE:IP) Q2 2023 Earnings Call Transcript

So again, we think it’s a – it’s a very small segment of the fluff market. Clearly, it went up in the first half of the year. We saw that increase, but also nearing the end of the second quarter, as you mentioned as price has changed and spot market prices change, we also saw a lot of that come back out. So again, we think it’s there. We understand it. We know where it is and how it’s done. We don’t think it’s likely to grow very broadly. But it’s not a new phenomenon, but clearly it – it increased due to the supply chain and it’s been stickier due to the price differential in their economics.

Matthew McKellar: Great. Thanks very much. That’s all from me. I’ll turn it back.

Operator: Thank you. And I’ll now turn the call back over to Mark Sutton for closing remarks.

Mark Sutton: Thank you, operator. I want to thank everyone for your time today and for your continued interest in International Paper. We outlined some exciting initiatives that are focused on the future of the company and catalyst for some of our future earnings growth. So I look forward to updating you on our progress during our next call. Have a great day.

Operator: And once again, we’d like to thank you for your participating in today’s International Paper Second Quarter 2023 Earnings Call. You may now disconnect.