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
International Paper (IP) proudly supported Wreaths Across America by donating $50,000 to sponsor nearly 3,000 wreaths and 16,000 wreath boxes, providing transportation to Arlington National Cemetery, and volunteering to lay wreaths at national cemeteries. IP has been a loyal customer of WAA's Auburn Box Plant for 13 years, producing nearly 350,000 boxes annually. The company also works with a national waste-to-energy company to recycle the wreaths and boxes, leading to a reduction in the nonprofit's expenses. IP's wreath sponsorship was allocated across three locations, with over 650 wreaths sponsored at West Tennessee National Cemetery, 1000 at Memphis National Cemetery, and 1,275 at ANC. In 2023, 30,000 visitors placed nearly 260,000 wreaths at ANC, demonstrating the widespread support for WAA's mission.
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International Paper (NYSE: IP) declares quarterly dividends of $0.4625 per share for common stock and $1.00 per share for preferred stock, payable on March 15, 2024, to holders of record on February 22, 2024.
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International Paper Company (IP) celebrates National Bird Day with its partner National Fish and Wildlife Foundation (NFWF) by showcasing the positive impact of forest habitat restoration and sustainable forest management on bird populations within the Mississippi Alluvial Valley. The Forestland Stewards Partnership, supported by grants from NFWF and IP, has restored, enhanced, or protected over 150,000 acres of bottomland hardwood and wetland habitat in the region, benefiting various bird species. The partnership aims to collaborate with private landowners to ensure sustainable habitats for migratory birds and waterfowl, while also supporting surrounding communities.
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International Paper (NYSE: IP) will release fourth-quarter and full-year 2023 earnings on February 1, 2024, before the opening of the New York Stock Exchange. The company will host a webcast to discuss earnings and current market conditions, beginning at 10 a.m. ET (9 a.m. CT). All interested parties are invited to listen to the webcast via the company's website. The company is also announcing earnings dates for the remainder of 2024: First-Quarter, April 25, 2024; Second-Quarter, July 25, 2024; Third-Quarter, October 31, 2024.
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International Paper (IP) is changing its wood procurement strategy to align with forest certification standards and assure consumers of sustainable forest management. The company has developed ForSite™, a forest mapping platform to responsibly source wood fiber from non-certified forestland in the U.S. South. ForSite™ guides IP's procurement activities to maintain or enhance environmental values and ensure safe practices for trees. This innovation demonstrates IP's commitment to transparency and advancing forest stewardship in its U.S. fiber supply chain.
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International Paper (IP) appoints Santiago Arbelaez as Chairman of the Paper and Packaging Board (P+PB) Board of Directors. Arbelaez will lead the funding of the Paper & Packaging - How Life Unfolds® campaign, while continuing as VP of Strategy for International Paper's Industrial Packaging business.
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International Paper (IP) supports the fight to end Period Poverty by partnering with Proctor & Gamble's Always brand. In 2023, IP hosted 60 kit packing events across 9 countries, providing 30,000 Period Care kits comprised of more than 720,000 units of product given directly to women and girls in need. This initiative is a natural fit for IP as its fluff pulp goes into more than 100 billion feminine care products each year.
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International Paper Company (IP) celebrates its 125th anniversary by highlighting the experience and perspective of two of its most tenured employees, Ronnie Lettow and Cynthia Stone. Ronnie Lettow, a machinist at the Savannah, Ga., mill, has 58 years of service, while Cynthia Stone, an accounting specialist at the Laurens, S.C., Box plant, has 52 years of service. This PR emphasizes the company's longstanding commitment to its employees and their dedication.
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On World Wildlife Conservation Day, International Paper (IP) and National Fish and Wildlife Foundation (NFWF) are expanding their sustainable forestry partnership to support the return of species like swallow-tailed kites. The partnership awarded a grant to the American Bird Conservancy (ABC) to encourage forest management practices on private lands. The migratory birds, once common in the Southeast, are now mostly found in Florida and have been listed as endangered in South Carolina. The grant will allow work with additional partners to conserve kites throughout the Southeast and focus on red-headed woodpeckers. IP's professional foresters help landowners manage their timber sustainably, with a goal of 100% of their fiber being sourced from sustainably managed forests by 2030. The partnership involves outfitting some of the birds with GPS transmitters near IP's paper mill in Georgetown to track their migratory patterns and habitat preferences.
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International Paper (IP) is the largest pulp and paper company globally, employing over 39,000 people. The company prioritizes employee development, attracting, developing, and retaining employees while fostering a diverse and inclusive workforce.
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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