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.
Rhea-AI Summary
Sarah Dale, plant general manager at International Paper (NYSE: IP), has been recognized with the 2024 Women MAKE Award by The Manufacturing Institute. The award highlights women in manufacturing who show excellence and leadership across all levels of the industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
Tags
-
Rhea-AI Summary
International Paper (IP) announces an agreement to acquire DS Smith, creating a global leader in sustainable packaging solutions. The combination is expected to achieve significant synergies of at least $514 million and be EPS accretive in year one. The transaction value is approximately $9.9 billion, with pro forma ownership of 66.3% for IP shareholders and 33.7% for DS Smith shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.83%
Tags
-
Rhea-AI Summary
International Paper (IP) to announce first-quarter 2024 earnings on April 25, 2024, followed by a webcast to discuss earnings and market conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.29%
Tags
Rhea-AI Summary
In a press release dated April 4, 2024, International Paper (IP) highlights the historical significance of women in manufacturing, particularly referencing the Lowell Mill Girls who paved the way for women's empowerment. The company aims to increase women's representation in leadership positions, with specific goals outlined under the Thriving People and Communities Vision 2030. Through personal stories of Bri Butchart and Lee Dillon, IP emphasizes the challenges and successes of women in manufacturing leadership roles. The release underscores the importance of diversity in leadership and the positive impact it has on the workforce.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
-
Rhea-AI Summary
International Paper Company announces progress in possible offer for DS Smith plc, highlighting synergies and value creation. The Combination aims to strengthen the packaging business in Europe and North America, driving significant pre-tax cash synergies of at least $514 million by the fourth year post-Completion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
-
Rhea-AI Summary
On International Day of Forests, International Paper (IP) and National Fish and Wildlife Foundation (NFWF) celebrate landowners in the U.S. South managing private forests with controlled burns. The Forestland Stewards Partnership grants support to improve forest management practices, enhance economic and ecological functions, and promote controlled burns for wildfire resistance. Partners like The Nature Conservancy in North Carolina utilize Prescribed Burn Associations to protect communities and habitats. Private landowners, like U.S. Army veteran Wayne Rider, benefit from controlled burns to safeguard their land and wildlife.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
Rhea-AI Summary
International Paper (NYSE: IP) appoints Andrew Silvernail as CEO, succeeding Mark Sutton who remains Chairman of the Board. Silvernail brings extensive experience in global manufacturing and technology sectors. The transition is set for May 1, 2024, with high expectations for continued success.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.96%
Tags
-
Rhea-AI Summary
International Paper (NYSE: IP) has been recognized as one of the 2024 World's Most Ethical Companies® by Ethisphere for the eighteenth time, showcasing their commitment to business integrity. The company's strong ethics, compliance, and governance programs have earned them this prestigious recognition. In 2024, 136 honorees were acknowledged across 20 countries and 44 industries. IP's Chairman and CEO, Mark Sutton, emphasized the company's core value of ethics, stating that they believe in doing the right things for the right reasons all the time. The Senior Vice President, General Counsel, and Corporate Secretary, Joe Saab, credited the commitment of IP's global teams for this honor. The recognition highlights the company's dedication to ethical practices, with a focus on honesty, integrity, and respect.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.48%
Tags
-
Rhea-AI Summary
International Paper donates thousands of boxes to aid hurricane-affected population and food banks in Mexico, benefiting over 58,000 people. The company's ongoing commitment to supporting food banks and partnerships with global networks like GFN and BAMX showcases its dedication to fighting hunger and poverty.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
Rhea-AI Summary
International Paper Company employee, Nurko Kucevic, shares his inspiring journey from a war-torn village in Yugoslavia to becoming a valued structural designer in the US. His dedication, hard work, and commitment to safety and customer solutions highlight the values of IP.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
Tags
FAQ
What is the current stock price of International Paper Co. (IP)?
The current stock price of International Paper Co. (IP) is $57.58 as of November 15, 2024.
What is the market cap of International Paper Co. (IP)?
The market cap of International Paper Co. (IP) is approximately 20.1B.
What is International Paper Co.'s core business?
International Paper Co. focuses on industrial packaging, global cellulose fibers, uncoated papers, and pulp.
Where is International Paper Co. headquartered?
International Paper Co. is headquartered in Memphis, Tennessee.
How many people does International Paper Co. employ?
International Paper Co. employs approximately 39,000 people.
What were International Paper Co.'s net sales for 2023?
Net sales for 2023 were $18.9 billion.
What recent strategic initiative has International Paper Co. undertaken?
In April 2024, International Paper Co. announced a recommended all-share combination with DS Smith Plc.
What environmental efforts is International Paper Co. involved in?
International Paper Co. partners with the Arbor Day Foundation to plant and distribute trees, having planted over 568,000 trees since 2019.
How significant is International Paper Co. in the North American packaging market?
International Paper Co. accounts for roughly one-third of the North American corrugated packaging market.
What is the expected completion date for the DS Smith Plc combination?
The combination is expected to close by the fourth quarter of 2024.
What are the anticipated benefits of the DS Smith Plc combination?
The combination is expected to create significant synergies and value for shareholders, enhancing sustainable packaging solutions globally.
What is International Paper Co.'s commitment to sustainability?
International Paper Co. is committed to sustainability, focusing on renewable resources and community engagement through initiatives like tree planting.
International Paper Co.
NYSE:IP
IP Rankings
IP Stock Data
20.12B
347.38M
0.43%
98.75%
12.33%
Packaging & Containers
Paper Mills
United States of America
MEMPHIS