Welcome to our dedicated page for International Paper Co. news (Ticker: IP), a resource for investors and traders seeking the latest updates and insights on International Paper Co. stock.
International Paper Co. (NYSE: IP) is a global leader in packaging and paper products, with a strong emphasis on sustainability and innovation. Headquartered in Memphis, Tennessee, the company operates in North America, Europe, Latin America, Russia, Asia, and North Africa, employing approximately 39,000 people across 24 countries.
Core Businesses:
- Industrial Packaging: International Paper manufactures corrugated packaging products that serve a variety of end markets, including industrial, consumer products, and manufacturing. It accounts for roughly one-third of the North American corrugated packaging market.
- Global Cellulose Fibers: The company produces cellulose fibers used in absorbent products like baby diapers, feminine care items, and adult incontinence products. This segment also includes uncoated papers and pulp.
In 2023, International Paper reported net sales of $18.9 billion. Despite facing challenges such as lower demand and cost inflation, the company demonstrated resilience by executing strategic actions to optimize its mill system and invest in future growth. This included the sale of its Ilim joint venture, which provided $508 million in proceeds.
Recent Achievements:
- Successful navigation of challenging market conditions, resulting in $260 million of building a Better IP benefits in 2023.
- Cost reduction efforts across operations and supply chains.
- Returning $839 million to shareholders.
Strategic Initiatives:
In April 2024, International Paper announced a recommended all-share combination with DS Smith Plc, valued at approximately $9.9 billion. This merger aims to create a global leader in sustainable packaging solutions, with significant synergies expected from the integration. The combined company will be headquartered in Memphis, with plans for an EMEA headquarters in London. The transaction is expected to close by the fourth quarter of 2024.
Stewardship Efforts:
International Paper is dedicated to sustainability and community engagement. In partnership with the Arbor Day Foundation, the company planted and distributed over 169,000 trees in 2023. Since 2019, more than 568,000 trees have been planted, restoring over 1,000 acres of forests and communities worldwide.
For more detailed information, visit internationalpaper.com.
International Paper (NYSE: IP) has declared a quarterly dividend of $0.4625 per share for the period from January 1, 2023 to March 31, 2023. This dividend is payable on March 15, 2023, to holders of record on February 17, 2023. Additionally, a dividend of $1.00 per share for its cumulative preferred stock has also been announced for the same period, with the same payment and record dates. The company continues to operate as a leading supplier in renewable fiber-based products, with net sales of $19.4 billion in 2021.
International Paper has partnered with Operation Warm to donate coats, books, and literacy materials to students at Winridge Elementary. The event took place on November 30th, highlighting IP's commitment to community engagement and support for children in need. Operation Warm has provided over 4 million coats across North America since its founding in 1998. International Paper, a global leader in renewable fiber-based products, reported net sales of $19.4 billion in 2021 and employs around 38,000 people globally.
International Paper has received the 2022 AF&PA Sustainability Award for its efforts to combat period poverty through employee volunteer initiatives. In 2021, 13 facilities provided nearly 5,000 period care kits, while this year aims to distribute five times that amount with the support of 45 facilities globally. The company emphasizes its commitment to diversity, equity, and inclusion, along with a focus on community giving. International Paper operates worldwide, generating net sales of $19.4 billion in 2021.
International Paper (NYSE: IP) announced leadership changes including the retirement of Greg Wanta, senior VP of North American Container, after 31 years. Tom Hamic takes over as senior VP, North American Container, while Jay Royalty and Clay Ellis step into senior VP roles in Containerboard and Global Cellulose Fibers, respectively. Aimee Gregg and Allison Magness have been elected to the leadership team as senior VPs of Supply Chain and Manufacturing. CEO Mark Sutton emphasized that these appointments enhance agility and strengthen customer service and growth initiatives.
International Paper (NYSE: IP) will announce its fourth-quarter and full-year 2022 earnings on January 31, 2023, before the NYSE opening. A webcast to discuss the earnings and market conditions will start at 10:00 a.m. ET.
The company also revealed earnings dates for 2023: April 27 for Q1, July 27 for Q2, and October 26 for Q3. International Paper is a global provider of renewable fiber-based products, generating $19.4 billion in net sales in 2021, with operations across multiple regions including North America and Europe.
International Paper (NYSE: IP) Chairman and CEO Mark S. Sutton will present at the Citi 2022 Basic Materials Virtual Conference on November 30, 2022, starting at 8:45 am ET. The event includes a question and answer session, and interested individuals can view the presentation live via International Paper's website. A replay will be available three hours after the live event. International Paper, headquartered in Memphis, Tenn., reported net sales of $19.4 billion in 2021 and employs around 38,000 employees globally.
International Paper reported its third quarter 2022 results, revealing net earnings of $951 million ($2.64 per diluted share), marking an increase from $511 million in Q2 2022. Adjusted operating earnings were $364 million ($1.01 per diluted share), down from $459 million in the previous quarter. The revenue grew 10% year-over-year due to strong price realization, with cash operations at $435 million. Despite macroeconomic challenges and higher costs, the company returned $434 million to shareholders. CEO Mark Sutton highlighted ongoing demand stabilization and a focus on cost reduction initiatives.
Aimee Gregg, Vice President of Containerboard at International Paper, has been appointed to the National Association of Manufacturers (NAM) Board of Directors as of October 12, 2022. This role aims to enhance policy advocacy, workforce solutions, and operational excellence within the manufacturing sector. Gregg expressed her commitment to advocating for the 12.8 million manufacturing workers in the U.S. The NAM represents over 14,000 members, focusing on improving industry competitiveness and addressing economic challenges like supply chain issues and workforce shortages.
International Paper (NYSE: IP) declared a quarterly dividend of $0.4625 per share for common stock, payable on December 15, 2022, to shareholders on record as of November 15, 2022. Additionally, a dividend of $1.00 per share for the cumulative preferred stock is also declared for the same period, with the same payment date. The company's net sales in 2021 were $19.4 billion. International Paper specializes in renewable fiber-based products and operates globally, employing approximately 38,000 colleagues.
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