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) declared a quarterly dividend of $0.4625 per share for the period of July 1, 2022, to September 30, 2022, payable on September 15, 2022. Shareholders of record must hold their shares by the close of business on August 15, 2022. Additionally, a regular quarterly dividend of $1.00 per share on the cumulative preferred stock was also announced for the same period, with identical payment terms. International Paper is a major supplier of renewable fiber-based products, with net sales reaching $19.4 billion in 2021.
International Paper (NYSE: IP) will announce its second-quarter earnings on July 28, 2022, prior to NYSE opening. A webcast is scheduled at 10 a.m. ET to discuss the earnings and market conditions. Interested parties can access the presentation via the company’s website. The company reported net sales of $19.4 billion in 2021 and employs approximately 38,000 people globally, manufacturing corrugated packaging products and pulp for personal care products.
Always and International Paper are collaborating to address period poverty in the U.S. ahead of Menstrual Hygiene Day on May 28. They hosted an event in Washington D.C. to support Congresswoman Grace Meng’s Menstrual Equity for All Act, which aims to provide free period products in schools. Since 2018, Always has donated over 160 million period products globally. Awareness efforts include partnering with activist Jameela Jamil. The bill, if passed, would ensure greater access to essential period products for students nationwide.
International Paper (NYSE: IP) announced the retirement of Sharon R. Ryan, Senior Vice President and General Counsel, effective June 30, 2022. Ryan served the company for 34 years, playing a crucial role in various legal capacities, notably in ethics and compliance. Joseph R. Saab will succeed her as Senior Vice President, General Counsel, and Corporate Secretary starting July 1, 2022. Saab has been with the company since 2001 and has held multiple significant positions, bringing extensive legal expertise to his new role.
International Paper (NYSE: IP) has declared a quarterly dividend of $0.4625 per share for the period from April 1, 2022 to June 30, 2022, payable on June 15, 2022. The record date for this dividend is May 27, 2022. Additionally, a dividend of $1.00 per share is announced for cumulative preferred stock, also payable on June 15, 2022. Net sales for the company reached $19.4 billion in 2021. International Paper is a leading supplier of renewable fiber-based products, with substantial operations across North America, Latin America, North Africa, and Europe.
International Paper (NYSE: IP) has appointed Mark Nellessen as vice president of Investor Relations, effective immediately. Nellessen, who joined the company in 1992, was previously vice president of Financial Planning and Analysis. He succeeds Guillermo Gutierrez, who transitions to vice president and general manager for Latin America in the North American Container business. International Paper, based in Memphis, Tenn., ranks as a leading global supplier of renewable fiber-based products, reporting net sales of $19.4 billion in 2021.
International Paper reported a first quarter 2022 net earnings of $360 million, or $0.95 per diluted share, up from $107 million in Q4 2021 and $349 million in Q1 2021. Adjusted operating earnings were $288 million ($0.76 per diluted share), a decrease from $301 million in the previous quarter. Revenue grew 14% year-over-year to $5.24 billion, driven by robust performance in Industrial Packaging. The company generated $588 million in cash from operations and repurchased $406 million in shares. Looking forward, International Paper anticipates stable demand and margin expansion.
International Paper (NYSE: IP) is set to announce its first-quarter earnings on April 28, 2022, before market opening. The company will hold a webcast at 10 a.m. ET to discuss financial results and market conditions, with an audio replay available for 90 days. In 2021, International Paper generated net sales of $19.4 billion and is a major global supplier of renewable fiber-based products, emphasizing sustainability through its packaging solutions. The company operates worldwide with about 38,000 employees.
International Paper (NYSE: IP) announced its intent to explore strategic options regarding its 50% stake in Ilim Group. The company clarified that it will not pursue any operational suspension, liquidation, or bankruptcy of Ilim Group. This move reflects a strategic consideration aimed at optimizing its investment portfolio while continuing to support its core operations.
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