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.
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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.
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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.
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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.
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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.
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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.
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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.
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International Paper's CEO Mark S. Sutton to speak at Bank of America Securities 2024 Global Agriculture and Materials Conference on February 29, 2024. The webcast will be available for interested parties on the company's website.
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International Paper Company was honored with the 2024 Innovation Award for its Period Poverty Initiative, aimed at combatting period poverty and raising awareness of the issue facing women and girls. The initiative addresses the lack of access to period products and education, which affects at least 500 million women and girls globally. In the U.S., 1 in 5 girls have missed school due to this issue. IP launched the Fighting Period Poverty in Our Communities program in 2020, hosting menstrual product packing and donation events globally to raise awareness.
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International Paper (IP) has released a new tutorial video to address the increasing work-related injury incidents in the recycling industry. The video demonstrates safe trailer loading requirements for baled material, emphasizing the importance of proper stacking and inspection to prevent accidents. Levell Hairston, VP & General Manager of IP Recycling, highlighted the necessity of this training tool for both IP suppliers and the industry as a whole.
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International Paper (NYSE: IP) reported full-year and fourth quarter 2023 financial results, with full-year net earnings of $288 million and fourth quarter net loss of $(284) million. The company returned $839 million to shareholders in share repurchases and dividends, while also investing $1.1 billion in capital. The fourth quarter saw a net sales of $4.6 billion, with Industrial Packaging operating profits at $315 million and Global Cellulose Fibers operating losses at $(58) million. The company also reported an effective tax rate of 19% for the fourth quarter of 2023.
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FAQ
What is the current stock price of International Paper Co. (IP)?
The current stock price of International Paper Co. (IP) is $54.45 as of December 20, 2024.
What is the market cap of International Paper Co. (IP)?
The market cap of International Paper Co. (IP) is approximately 18.7B.
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
18.68B
342.37M
0.43%
106.04%
14.82%
Packaging & Containers
Paper Mills
United States of America
MEMPHIS