International Paper Co. - IP STOCK NEWS

International Paper (NYSE: IP) reported third quarter 2024 net earnings of $150 million ($0.42 per diluted share) and adjusted operating earnings of $153 million ($0.44 per diluted share). Cash provided by operations was $521 million, with $161 million returned to shareholders in dividends. The company saw higher prices across its portfolio and moderately improving box demand, though faced higher operating costs and lower volumes due to seasonality. The company is implementing an 80/20 approach, including organizational restructuring and exploring strategic options for Global Cellulose Fibers business. The planned combination with DS Smith is expected to close in early 2025.

International Paper (IP) and the National Fish and Wildlife Foundation (NFWF) are highlighting their efforts to restore bat habitats through oak regeneration projects in Alabama during Bat Week. The initiative, part of the Forestland Stewards Partnership, focuses on restoring white oak forests that provide important roosting spaces for bats, whose populations have been devastated by white-nose syndrome (WNS). The Alabama Forestry Foundation leads white oak restoration efforts using sustainable forestry techniques. Local landowners like the Dewberrys are actively participating by offering their land for hands-on learning experiences in forest management and habitat restoration. The project aims to improve forest health and support biodiversity through community engagement.

International Paper announced that CEO Andy Silvernail will present at the Baird 2024 Global Industrial Conference on Thursday, November 14, 2024, at 8:30 a.m. Eastern time. The presentation will include a question and answer session.

The event will be accessible via webcast through International Paper's website under the Investors tab and Events & Presentations page. A replay will be made available approximately three hours after the presentation concludes.

International Paper has launched an educational initiative called 'Water is Wonderful' targeting 1st through 3rd-grade students. The curriculum focuses on teaching water conservation and stewardship, explaining how water makes up over 2/3 of the planet while highlighting its scarcity for human use. The program demonstrates International Paper's paper-making process and water usage, while promoting responsible water practices that benefit their facilities, company, communities, and planet.

International Paper is committed to fostering a safe, inclusive, and collaborative work environment while building resilient communities. The company's approach focuses on employee well-being, diversity, inclusion, and community investment. Safety is a core value, with the goal of achieving zero serious injuries for employees and contractors.

The company promotes a resilient safety culture through five key competencies: embracing safety as a core value, workforce engagement, continuous learning, pre-task planning, and superior task execution. The LIFE (Life-changing Injury and Fatality Elimination) program aims to eliminate serious injuries by focusing on six areas of workplace risk.

International Paper implements proactive measures like Learning Events and the Make Change Happen program to identify and mitigate safety risks. The company also recognizes the importance of mental health, forming a Mental Health Committee and sharing resources with employees. These initiatives reflect International Paper's commitment to employee safety and well-being both inside and outside the workplace.

International Paper (NYSE: IP) has announced the release of its third-quarter 2024 earnings on October 31, 2024, before the New York Stock Exchange opens. The company will host a webcast at 10 a.m. ET (9 a.m. CT) to discuss earnings and current market conditions. Interested parties can access the webcast through the company's website under the Investors tab and Events & Presentations page.

For those who prefer to participate via teleconference, they can dial +1 646-307-1963 or 800-715-9871 (U.S. only) and ask to be connected to the International Paper third-quarter earnings call. The conference ID is 3629265. Participants should call in by 9:45 a.m. ET. An audio-only replay will be available for 90 days after the call.

International Paper (NYSE: IP) has declared quarterly dividends for its common and preferred stock. For common stock, a dividend of $0.4625 per share will be paid on December 16, 2024, to shareholders of record as of November 15, 2024. This dividend covers the period from October 1, 2024, to December 31, 2024. Additionally, a quarterly dividend of $1.00 per share on the cumulative $4.00 preferred stock has been declared for the same period, also payable on December 16, 2024, to holders of record as of November 15, 2024.

International Paper (NYSE: IP) has announced overwhelming shareholder approval for its pending acquisition of DS Smith (LSE: DSS). DS Smith shareholders have also approved the Combination earlier this week. The companies expect the deal to close late in the fourth quarter of 2024, subject to regulatory clearance and other customary conditions.

Andy Silvernail, Chairman and CEO of International Paper, stated that the strong approval from both companies' shareholders confirms the support for this combination. He emphasized that merging the two companies will create a global leader in sustainable packaging solutions, driving significant value for employees, customers, and shareholders.

International Paper (IP) and its spokestree Pinelope joined forces with Reading Is Fundamental (RIF) to promote literacy at Harriet Tubman Elementary School. This event is part of a six-year partnership between IP and RIF, which has provided 640,000 books to over 285,000 children nationwide through RIF's Books for Ownership program.

At the event, students enjoyed story time and selected their own books to take home. IP's partnership with RIF has benefited more than 400 schools, supporting IP's focus on literacy from birth through third grade as part of its community engagement initiatives.

Education is one of IP's signature causes, aiming to make a difference in communities by fostering early childhood reading skills, which form the foundation for all future learning.