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.
The boards of International Paper and DS Smith have announced the expiration of the waiting period under the Hart-Scott-Rodino Act for their proposed combination. This removal of the legal barrier is a significant step forward in the merger process. The combination is still subject to regulatory clearance from the European Commission and court approval. Both companies expect the merger to be finalized in the fourth quarter of 2024. This announcement follows the initial announcement made on April 16, 2024. Completion of the merger will be governed by the terms set out in a forthcoming Scheme Document, which shareholders are advised to review carefully.
Further enquiries can be directed to representatives from both International Paper and DS Smith, as well as their respective financial and PR advisers.
International Paper highlights the important role of Occupational Health Nurses (OHNs) in maintaining safety at their facilities. OHNs like Stanley Coppola and Angela Conlay leverage their medical expertise to educate, prevent injuries, and promote wellness among employees. The company emphasizes community values, regular safety meetings, and health fairs to connect team members with local health services. This initiative reflects IP’s long-term dedication to safety and community well-being.
International Paper (IP) has highlighted the importance of sustainable packaging in its latest report. The focus is on transitioning from single-use packaging to a circular economy that emphasizes the reuse and recycling of materials. IP, with over 125 years of history, has been a pioneer in fiber-based products, initially revolutionizing the newspaper industry.
The company's containerboard mills convert trees into pulp and paper, creating renewable resources. The report analyzes the challenges and benefits of using a mix of recycled and virgin fibers versus relying solely on 100% recycled materials. This approach aims to extend the lifecycle of fiber-based packaging while balancing sustainability and functionality.
On May 22, 2024, International Paper (NYSE: IP) announced the election of Jamie A. Beggs and Scott A. Tozier to its Board of Directors, effective May 21, 2024. Additionally, Ilene S. Gordon retired from the Board due to personal and health reasons.
Beggs, a seasoned financial executive, is currently Senior Vice President and CFO of Avient Tozier, a strategic advisor and former CFO at Albemarle , brings extensive financial and M&A experience. Both will join the Audit and Finance Committee and the Public Policy and Environment Committee.
These changes leave the IP Board with 11 directors, nine of whom are independent. Clinton A. Lewis, Jr. was named chair of the Governance Committee.
International Paper has released its 2023 Sustainability Report, highlighting progress towards its Vision 2030 sustainability goals. The report details initiatives and achievements in sustainable resource management, renewable fiber-based solutions, and contribution to a low-carbon, circular economy. It includes reporting against the Sustainability Accounting Standards Board (SASB) disclosures and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Additionally, IP has responded to the Carbon Disclosure Project's (CDP) Climate Change, Forest, and Water Security questionnaires to transparently showcase risks and opportunities in these important areas.
International Paper (IP) has published its 2023 Sustainability Report, highlighting progress on its Vision 2030 goals and adherence to the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) standards.
The report, released on May 16, 2024, underscores IP's commitment to sustainable management of natural resources, enhancing renewable fiber-based solutions, and promoting a low carbon, circular economy. The company has also responded to the Carbon Disclosure Project's (CDP) Climate Change, Forest, and Water Security questionnaires, aiming for transparent disclosure of sustainability risks and opportunities.
Sophie Beckham, Vice President and Chief Sustainability Officer, reaffirmed IP's dedication to these goals, which have been a part of its 125-year history.
International Paper (NYSE: IP) announced a quarterly dividend of $0.4625 per share for common stock, covering the period from April 1, 2024, to June 30, 2024. The dividend is payable on June 14, 2024, to shareholders of record by May 24, 2024.
The company also declared a $1.00 per share dividend for its cumulative $4.00 preferred stock for the same period, also payable on June 14, 2024, to shareholders of record by May 24, 2024.
International Paper (IP) issued a statement neither confirming nor denying rumors or speculation in recent media reports. Under new CEO Andy Silvernail, the company is implementing business strategies and cost-saving initiatives to boost profit margins and earnings growth. IP anticipates improved industry conditions leading to higher earnings. It is also committed to finalizing its merger with DS Smith to generate additional shareholder value.
International Paper partners with the Arbor Day Foundation to plant breaths of fresh air, with over 169,705 trees planted in 2023 across 13 projects, benefiting communities and ecosystems worldwide.
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