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 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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