State of Alaska Department of Revenue acquired a new stake in International Paper Company (NYSE:IP – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,168 shares of the basic materials company’s stock, valued at approximately $1,664,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Stephens Inc. AR increased its holdings in International Paper by 1.3% during the 1st quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company’s stock valued at $853,000 after purchasing an additional 298 shares during the period. Rockefeller Capital Management L.P. raised its position in International Paper by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,274 shares of the basic materials company’s stock valued at $523,000 after purchasing an additional 302 shares during the last quarter. Ranch Capital Advisors Inc. lifted its holdings in International Paper by 0.8% in the 1st quarter. Ranch Capital Advisors Inc. now owns 45,785 shares of the basic materials company’s stock worth $1,635,000 after buying an additional 364 shares during the period. Krilogy Financial LLC lifted its holdings in International Paper by 5.8% in the 1st quarter. Krilogy Financial LLC now owns 8,017 shares of the basic materials company’s stock worth $290,000 after buying an additional 437 shares during the period. Finally, Arvest Bank Trust Division lifted its holdings in International Paper by 1.2% in the 1st quarter. Arvest Bank Trust Division now owns 41,480 shares of the basic materials company’s stock worth $1,481,000 after buying an additional 509 shares during the period. 81.95% of the stock is owned by institutional investors.
Analyst Ratings Changes A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on International Paper from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 23rd. Weiss Ratings downgraded International Paper from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, October 8th. Bank of America raised International Paper from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Friday, September 11th. Wells Fargo & Company dropped their price target on International Paper from $46.00 to $42.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. Finally, Royal Bank Of Canada lifted their price target on shares of International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $46.90.
Check Out Our Latest Stock Report on International Paper International Paper Price Performance IP stock opened at $33.80 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 0.84. International Paper Company has a 1 year low of $29.26 and a 1 year high of $50.25. The firm has a 50-day moving average of $36.08 and a 200 day moving average of $36.00.
International Paper (NYSE:IP – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%. The business had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the previous year, the firm posted $0.20 EPS. The business’s revenue was down 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that International Paper Company will post 1.28 EPS for the current fiscal year.
International Paper Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date is Monday, November 16th. International Paper’s dividend payout ratio (DPR) is presently -28.37%.
Insider Buying and Selling In other news, CAO Holly G. Goughnour sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total value of $146,860.00. Following the completion of the transaction, the chief accounting officer owned 34,248 shares in the company, valued at $1,437,046.08. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP William Hamic sold 24,500 shares of International Paper stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $41.20, for a total value of $1,009,400.00. Following the sale, the vice president owned 106,952 shares in the company, valued at $4,406,422.40. This represents a 18.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.
International Paper Profile (Free Report)
International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. Its offerings include corrugated packaging and containerboard used to protect and transport goods, as well as absorbent cellulose fibers and other fiber-based materials used in personal care, healthcare, foodservice and industrial applications.
The company serves customers across North America and Europe, with products sold to manufacturers, retailers, consumer-goods companies and other commercial customers.
Featured Stories Five stocks we like better than International Paper Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants Alcoa Beat Earnings, But Can It Escape the Aluminum Bears? Want to see what other hedge funds are holding IP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Company (NYSE:IP – Free Report).
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Shares of paper packaging giant International Paper (IP +6.90%) rallied 7.6% on Thursday as of 2:28 p.m. EDT.
International Paper has struggled this year, down roughly 20% year-to-date before today's bump. Growth has stagnated for the company, while costs have risen due to inflation, tariffs, and interest rates.
Today, however, it was reported that two private equity firms may bid for the company's European business. That could relieve some pressure on International Paper's balance sheet and eliminate a segment that had been dragging down results.
$34.10+$2.20 (+6.90%)
NYSE · As of 4:00 PM ET 10/15/26
Selling at a loss may be worth itInternational Paper bought its European business, formerly known as DS Smith, for $9.9 billion back in 2024. The acquisition has not gone well, with the segment showing slight revenue declines and segment operating losses over the past year.
Today, The Financial Times reported that two private equity firms are bidding for DS Smith, with the report estimating the total sale may be less than $6 billion -- a 40% discount to International Paper's purchase price.
It's not a great sign that International Paper is selling a business it bought just two years ago for a massive loss. Still, even a sale at that discounted price would relieve pressure on the company's overall results. International Paper is currently weighed down by about $8.5 billion in net debt. Meanwhile, the Europe segment has been generating steady operating losses, while the company's North American business has remained profitable. Thus, investors may be buying the stock today in a "relief rally" off recent lows.
Image source: Getty Images.
Still a struggling businessEven if International Paper succeeds in selling the European business for $6 billion, its North American business hasn't exactly been shooting the lights out. Last quarter, the North American segment saw a 4.5% decline in revenue and a 26.4% decline in operating income.
That's still a struggling business; unless things turn around meaningfully, today's bounce could prove to be a one-off, as it doesn't appear the paper packaging business will be a strong growth industry going forward.
Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kristine Aquino, Carol Massar and Tim Stenovec. -------- More on Bloomberg Television and Markets Like this video?
, /PRNewswire/ -- International Paper Company (NYSE: IP; LSE: IPC) ("International Paper," "IP" or the "Company") notes the recent movement in the share price of the Company and the press speculation regarding a sale of its EMEA Packaging Business (the "potential sale").
On January 29, 2026, the Company announced that its EMEA Packaging Business was expected to be separated by way of a spin off (the "spin off"). On October 14, 2026, the Company confirmed that the spin off was expected to be effected through a listing of the business on the London Stock Exchange with a Level II ADR program to be listed on the New York Stock Exchange.
The Company confirms that it is also evaluating unsolicited inbound inquiries in relation to its EMEA Packaging Business, and is in discussion with potential bidders. This process is at an early stage and there can be no certainty that any sale of the EMEA Packaging Business will be agreed or completed.
The Company is progressing the spin off and evaluating the potential sale in parallel. No assurance can be provided at this stage regarding the ultimate timing or structure of the proposed separation of the EMEA Packaging Business from International Paper.
As announced on October 14, 2026, in connection with the spin off, International Paper will host a "DS Smith – Capital Markets Day" on November 3, 2026.
About International Paper
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "expects," "anticipates," "believes," "estimates," "could," "should," "can," "forecast," "outlook," "intend," "look," "may," "will," "remain," "confident," "commit" and "plan" or similar expressions. These forward-looking statements reflect management's current views and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. These risks and uncertainties include the risks that neither the Proposed Sale or the Spin Off will happen on a timely basis or at all, the Company's ability to achieve the desired outcome and realize the anticipated benefits from the Separation and the potential uncertainty and disruption during the pendency of the Separation. These forward-looking statements are also subject to the risks and uncertainties contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission on February 27, 2026, and subsequent reports filed with the SEC. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this press release, whether as a result of new information, future events or changes in expectations.
International Paper (NYSE:IP – Get Free Report) and Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) are both materials companies, but which is the better business? We will contrast the two companies based on the strength of their dividends, analyst recommendations, earnings, institutional ownership, profitability, valuation and risk.
Volatility & Risk International Paper has a beta of 0.93, suggesting that its stock price is 7% less volatile than the S&P 500. Comparatively, Ardagh Metal Packaging has a beta of 0.5, suggesting that its stock price is 50% less volatile than the S&P 500.
Valuation and Earnings This table compares International Paper and Ardagh Metal Packaging”s gross revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio International Paper $23.63 billion 0.71 -$3.52 billion ($6.52) -4.89 Ardagh Metal Packaging $5.50 billion 0.47 $11.00 million $0.06 71.92 Ardagh Metal Packaging has lower revenue, but higher earnings than International Paper. International Paper is trading at a lower price-to-earnings ratio than Ardagh Metal Packaging, indicating that it is currently the more affordable of the two stocks.
Institutional & Insider Ownership 82.0% of International Paper shares are held by institutional investors. Comparatively, 16.9% of Ardagh Metal Packaging shares are held by institutional investors. 0.2% of International Paper shares are held by company insiders. Comparatively, 0.0% of Ardagh Metal Packaging shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Profitability This table compares International Paper and Ardagh Metal Packaging’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets International Paper -14.20% -1.09% -0.44% Ardagh Metal Packaging 0.68% -27.93% 3.09% Dividends International Paper pays an annual dividend of $1.85 per share and has a dividend yield of 5.8%. Ardagh Metal Packaging pays an annual dividend of $0.40 per share and has a dividend yield of 9.3%. International Paper pays out -28.4% of its earnings in the form of a dividend. Ardagh Metal Packaging pays out 666.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
Analyst Ratings This is a breakdown of current ratings and recommmendations for International Paper and Ardagh Metal Packaging, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score International Paper 1 3 10 0 2.64 Ardagh Metal Packaging 0 5 1 0 2.17 International Paper currently has a consensus price target of $46.90, suggesting a potential upside of 46.99%. Ardagh Metal Packaging has a consensus price target of $4.83, suggesting a potential upside of 12.01%. Given International Paper’s stronger consensus rating and higher probable upside, equities analysts plainly believe International Paper is more favorable than Ardagh Metal Packaging.
Summary International Paper beats Ardagh Metal Packaging on 10 of the 15 factors compared between the two stocks.
(Get Free Report)
International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others. It sells its products directly to end users and converters, as well as through agents, resellers, and distributors. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
About Ardagh Metal Packaging (Get Free Report)
Ardagh Metal Packaging S.A., together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine. The company serves beverage producers. Ardagh Metal Packaging S.A. is based in Luxembourg, Luxembourg. Ardagh Metal Packaging S.A. is a subsidiary of Ardagh Group S.A.
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
, /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), a leader in sustainable packaging solutions, announces that its EMEA Packaging Business leadership team will hold a Capital Markets Day in London on November 3, 2026, 13:00 – 17:00 GMT (8:00 a.m. – 12:00 p.m. ET).
International Paper has made significant progress preparing to separate its EMEA Packaging Business into an independent, publicly traded company (the "Separation"). Once the Separation is complete, the independent company will be known as DS Smith plc.
Tim Nicholls and Vincent Bonnot, the future Chief Executive Officer and future Chief Financial Officer of DS Smith plc, respectively, will host the Capital Markets Day, alongside other senior leaders from across the EMEA business. The team will discuss the planned public company and its position as an enhanced pure-play packaging leader within the European market. The team will also provide details about the business model, growth strategy, and financial outlook post Separation.
The event will be available via webcast, and a recording will be provided on DS Smith's website upon event completion.
To register for the webcast please visit: https://stream.brrmedia.co.uk/broadcast/6aa9548bba91570013153fcd
If you wish to attend in person, please contact [email protected].
Separation Update
DS Smith plc is expected to be separated by way of a spin off, through the listing of the business on the London Stock Exchange with a Level II ADR program to be listed on the New York Stock Exchange.
The Separation remains subject to the satisfaction of customary conditions, including final approval by the International Paper Board of Directors as well as the filing and effectiveness of a registration statement with the U.S. Securities and Exchange Commission (the "SEC") and the publication of a prospectus approved by the U.K. Financial Conduct Authority (the "FCA"). No assurance can be provided regarding the ultimate timing or structure of the proposed Separation or its eventual completion.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "expects," "anticipates," "believes," "estimates," "could," "should," "can," "forecast," "outlook," "intend," "look," "may," "will," "remain," "confident," "commit" and "plan" or similar expressions. These forward-looking statements reflect management's current views and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. These risks and uncertainties include the risks that this planned Separation of the Company's North America and EMEA operations into two independent public companies will not happen on a timely basis or at all, the Company's ability to achieve the desired outcome and realize the anticipated benefits from the Separation and the potential uncertainty and disruption during the pendency of the Separation. These forward-looking statements are also subject to the risks and uncertainties contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission on February 27, 2026, and subsequent reports filed with the SEC. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this press release, whether as a result of new information, future events or changes in expectations.
, /PRNewswire/ -- International Paper (NYSE: IP) (LSE: IPC), today declared a quarterly dividend of $0.4625 per share for the period from October 1, 2026, to December 31, 2026, inclusive, on the common stock, par value $1.00, of the Company, payable on December 15, 2026, to holders of record at the close of business on November 16, 2026.
Today, the Company also declared a quarterly dividend of $1.00 per share for the period from October 1, 2026, to December 31, 2026, inclusive, on the cumulative $4.00 preferred stock of the Company, payable on December 15, 2026, to holders of record at the close of business on November 16, 2026.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
International Paper (NYSE:IP – Get Free Report) and Amcor (NYSE:AMCR – Get Free Report) are both large-cap materials companies, but which is the superior investment? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, profitability, risk, valuation and earnings.
Valuation & Earnings This table compares International Paper and Amcor”s top-line revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio International Paper $24.20 billion 0.71 -$3.52 billion ($6.52) -4.96 Amcor $23.51 billion 0.82 $177.00 million $2.36 17.75 Amcor has lower revenue, but higher earnings than International Paper. International Paper is trading at a lower price-to-earnings ratio than Amcor, indicating that it is currently the more affordable of the two stocks. Risk & Volatility International Paper has a beta of 0.93, meaning that its share price is 7% less volatile than the S&P 500. Comparatively, Amcor has a beta of 0.58, meaning that its share price is 42% less volatile than the S&P 500.
Analyst Ratings This is a breakdown of recent recommendations and price targets for International Paper and Amcor, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score International Paper 1 3 10 0 2.64 Amcor 0 6 6 1 2.62 International Paper presently has a consensus price target of $47.82, indicating a potential upside of 47.98%. Amcor has a consensus price target of $49.49, indicating a potential upside of 18.13%. Given International Paper’s stronger consensus rating and higher probable upside, equities analysts plainly believe International Paper is more favorable than Amcor.
Institutional & Insider Ownership 81.9% of International Paper shares are held by institutional investors. Comparatively, 45.1% of Amcor shares are held by institutional investors. 0.2% of International Paper shares are held by company insiders. Comparatively, 0.3% of Amcor shares are held by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.
Profitability This table compares International Paper and Amcor’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets International Paper -14.20% -1.09% -0.44% Amcor 4.71% 15.92% 5.01% Dividends International Paper pays an annual dividend of $1.85 per share and has a dividend yield of 5.7%. Amcor pays an annual dividend of $2.60 per share and has a dividend yield of 6.2%. International Paper pays out -28.4% of its earnings in the form of a dividend. Amcor pays out 110.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Amcor has raised its dividend for 5 consecutive years. Amcor is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Summary Amcor beats International Paper on 11 of the 18 factors compared between the two stocks.
(Get Free Report)
International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others. It sells its products directly to end users and converters, as well as through agents, resellers, and distributors. The company was founded in 1898 and is headquartered in Memphis, Tennessee.
About Amcor (Get Free Report)
Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. The Rigid Packaging segment offers rigid containers for various beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. The company sells its products through its direct sales force. Amcor plc was incorporated in 2018 and is headquartered in Zurich, Switzerland.
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
West Coast Silver Ltd (ASX:WCE, OTC:ERWWF, FRA:8N70) has kicked off an extensive geophysical survey across about 4 kilometres of the Munni Munni Fault Zone (MMFZ) at its Elizabeth Hill Silver Project in Western Australia’s Pilbara, targeting potential repeats of the historically high-grade silver system.
The induced polarisation (IP) and controlled-source audio-frequency magnetotellurics (CSAMT) program will investigate multiple geological, structural, geochemical and geophysical targets between the Munni Munni and Maitland intrusive complexes.
Elizabeth Hill historically produced 1.2 million ounces of silver from just 16,830 tonnes of ore at a head grade of 2,194 g/t silver, highlighting the potential value of identifying similar mineralised systems elsewhere along the fault zone.
Chief executive officer Sergei Smolonogov said the work marked the first systematic geophysical test of around 4 kilometres of the Munni Munni Fault Zone for additional Elizabeth Hill-style silver systems.
“This is an exciting phase of regional exploration at Elizabeth Hill. For the first time, we are systematically testing approximately 4 km of the Munni Munni Fault Zone for potential repeats of the high-grade Elizabeth Hill silver system.
"Previous IP testing identified a chargeability response coincident with the Elizabeth Hill mineralised envelope, giving us a strong technical basis to apply IP and CSAMT more broadly across the project. With the program 50% funded through the WA Government’s Exploration Incentive Scheme, we are now testing a number of underexplored targets along this highly prospective structure. The objective is clear — to generate and prioritise compelling drill targets for follow-up in H1 2027 as we continue the search for additional Elizabeth Hill-style silver systems.”
Elizabeth Hill South first target Surveying has begun at Elizabeth Hill South, an underexplored area where historic drilling returned 2 metres at 1,550 g/t silver from 108 metres and 1 metre at 250 g/t silver from 118 metres.
The company said previous IP work over the Elizabeth Hill mine successfully identified a chargeability anomaly coincident with the mineralised envelope, providing technical support for applying the method more broadly across the project.
IP and CSAMT are being run concurrently, allowing West Coast Silver to investigate the MMFZ to greater depths than previously explored in the region.
The four-week survey will progressively test targets south of Elizabeth Hill towards the Munni Munni Complex before moving north towards the Maitland Complex, with data processing and modelling to follow.
Results will be used to rank potential drill targets for follow-up during the first half of 2027.
Government funding backs exploration The program is receiving $114,312 through the Western Australian Government’s Exploration Incentive Scheme, covering 50% of the cost of the regional IP and CSAMT campaign.
West Coast Silver is also continuing drilling to test extensions of the existing Elizabeth Hill mineralisation, undertake infill work within the mineral resource and assess near-mine prospects including Maitland and Elizabeth Hill South.
About Elizabeth Hill Elizabeth Hill is one of Australia’s highest-grade historical silver operations and remains open at depth and along strike.
West Coast Silver has consolidated a contiguous land package of around 180 square kilometres surrounding the project, covering a substantial portion of the Munni Munni Fault system and other structures considered prospective for further Elizabeth Hill-style discoveries.
The project sits on a granted mining lease and is around 12 kilometres from the Radio Hill processing facility, while the company continues exploration, resource expansion work and studies evaluating potential future development pathways.
Although not always easy to quantify, intangible assets are one of the primary sources of strong competitive advantages for businesses and a key source of economic moats.
Key Takeaways
Intangible assets, including patents, brand equity, customer relationships, and proprietary technology, are non-physical but often the most powerful drivers of a company’s competitive advantage.
Companies that effectively leverage intangible assets can generate durable revenue through licensing, pricing power, and customer loyalty, making them more attractive to investors.
Morningstar identifies intangible assets as one of five primary sources of an economic moat, meaning companies with strong intangibles are better positioned to defend long-term profitability.
The term “economic moat” describes a company’s ability to maintain its competitive advantages and defend its long-term profitability. This moat investing education series explores the five primary sources of moat, according to Morningstar: 1) switching costs; 2) intangible assets; 3) network effect; 4) cost advantage; 5) efficient scale. Here we explore the concept of intangible assets.
Introduction to Intangible Assets
Intangible assets are non-physical assets that bring value to a company but lack a physical presence. Unlike tangible assets, intangible assets are not easily quantifiable and can be more challenging to evaluate.
Intangible assets play a crucial role in driving many companies’ success and establishing their competitive advantage. While tangible assets like machinery and inventory are easily quantifiable, intangible assets are more intangible in nature and often overlooked. In this guide, we will explore the significance of intangible assets and their impact on a company’s long-term prosperity.
Types of Intangible Assets
Examples of intangible assets include intellectual property, brand equity, customer relationships, and proprietary technology.
Intellectual Property (IP)
Intellectual property refers to creations of the mind that have commercial value and are protected by law. This includes patents, trademarks, copyrights, and trade secrets. IP assets safeguard a company’s innovations, inventions, designs, and creative works, granting exclusive rights and preventing unauthorized use. Companies like pharmaceutical giant Eli Lilly rely heavily on their patent portfolio to protect their groundbreaking drugs and maintain a dominant market position.
Brand Equity
Brand equity represents the value and reputation associated with a company’s brand. It encompasses brand awareness, customer perception, brand loyalty, and the overall market position of the brand. Strong brand equity provides a competitive edge by influencing customer purchasing decisions and fostering trust and loyalty. For example, Starbuck’s brand equity is a key driver of its success, enabling the company to command premium prices for its products and maintain a dedicated customer base.
Customer Relationships
Customer relationships are intangible assets that result from a company’s efforts to establish and maintain strong connections with its customers. These relationships are built on trust, customer satisfaction, and a personalized experience. Customer relationships lead to repeat business, customer loyalty, positive word-of-mouth referrals, and increased customer lifetime value.
Proprietary Technology
Proprietary technology refers to unique and exclusive technology developed by a company that provides a competitive advantage. It can include software systems, algorithms, innovative manufacturing processes, or specialized tools.
In today’s business landscape, intangible assets have gained increasing importance. They are key drivers of competitive advantage, revenue generation, and market positioning. Companies that effectively manage and leverage their intangible assets can differentiate themselves from competitors, build customer loyalty, attract investment, and establish long-term success.
Investing in Intangible Assets
Intangible assets can provide a company with a sustainable competitive advantage in the market. Strong brand recognition, customer loyalty, and reputation built over time create barriers for competitors to replicate.
Intangible assets can also be significant sources of revenue for a company. Patents and proprietary technology grant exclusive rights and enable companies to monetize their innovations. Intellectual property, such as software or creative works, can generate licensing fees or royalties. These revenue streams contribute to a company’s profitability and long-term growth.
Intangible assets also influence investor perception and confidence. Investors often consider a company’s intangible assets, such as brand value and intellectual property, when assessing its potential for future growth and profitability. Strong intangible assets can enhance a company’s reputation, attract investment, and support higher valuation in the financial markets.
How Intangible Assets Help Build Strong, Identifiable Advantages
The term “economic moat” describes a company’s ability to maintain its competitive advantages and defend its long-term profitability. Although not always easy to quantify, intangible assets are one of the primary sources of strong competitive advantages for businesses and a key source of economic moats. Intangible assets can include corporate intellectual property, such as patents, trademarks, copyrights, government licenses, and business methodologies that help companies generate economic profits. Patents are a legal barrier to entry that protect companies from unauthorized commercial usage of their products by competitors. Similarly, government licenses may raise the entry hurdles for new competitors. Additionally, brands equity can increase a customer’s willingness to pay for a product or service. These are examples of what Morningstar refers to as “intangible assets.”
In the examples below, we demonstrate how companies use intangible assets to their advantage and grow over time.
Examples of Intangible Assets in Action
Starbucks
Starbucks Corp. (SBUX) is one of the few operators in Morningstar’s coverage of the restaurant industry to boast a wide economic moat. According to Morningstar, Starbucks has “brand strength evidenced by pricing power, attractive unit-level economics, successful international replication, and strong results in the retail channel underpinning a durable brand intangible asset.” Morningstar adds, “The firm’s ability to generate excitement and traffic, evidenced by impressive comparable sales growth in the core U.S. market, while spending less on marketing than category peers, reinforces the importance of the brand and its impact on results.”
Eli Lilly and Co.
Eli Lilly and Co. (LLY) is a pharmaceutical company that focuses on neuroscience, endocrinology, oncology and immunology. Patents are critical in preventing competitors from duplicating its drugs. Morningstar notes that “patents, economies of scale, and a powerful distribution network support Eli Lilly’s wide moat. Lilly’s patent-protected drugs carry strong pricing power, which enables the firm to generate returns on invested capital in excess of its cost of capital.”
Conclusion
Intangible assets play a crucial role in a company’s success, establishing competitive advantages and economic moats. They include intellectual property, brand equity, customer relationships, and proprietary technology.. By recognizing these attributes, investors can identify companies built to last and with the potential to remain profitable well into the future.
Company-specific information based on Morningstar analyst notes last updated as follows: Starbucks Corp.: 11/1/2024; Eli Lilly and Co.: 9/27/2024.
Please note that VanEck may offer investments products that invest in the asset class(es) discussed herein.
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.
All investing is subject to risk, including the possible loss of the money you invest. As with any investment strategy, there is no guarantee that investment objectives will be met and investors may lose money. Diversification does not ensure a profit or protect against a loss in a declining market. Past performance is no guarantee of future results.
Some income stocks are quietly cannibalizing the very assets that fund their dividends, and the math only works until it doesn't. Five familiar names show exactly how capex cuts and rising payouts can set a trap for yield-hungry investors.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Capital spending at Verizon (NYSE:VZ | VZ Price Prediction) was cut from $26.74 billion in 2022 to $17.011 billion in 2025. Over the same years its dividend bill rose every year, reaching $11.481 billion. This is the slowest trap in income investing: a company keeps the payout safe by spending less on the business that funds it. A high yield depends on the quality of the assets behind it.
How to spot it: A dividend is unsustainable when earnings and free cash flow fall short of it, debt fills the gap, or capital spending gets squeezed to make room for it. Maintenance capex keeps existing plants and networks running; growth capex adds new capacity. Cutting growth spending delays future earnings. Cutting maintenance wears down the assets that produce today’s cash, which does far more damage.
LyondellBasell (LYB): Already Halved, Still Shrinking the Capital Budget LyondellBasell (NYSE:LYB) has a forward yield of about 4.7% at $58.57. Shares are up 39.75% since the end of 2025, and Q2 2026 adjusted EPS of $4.30 beat the $3.43 consensus as Middle East supply disruptions drove polymer margins higher.
The quarterly dividend has already fallen from $1.37 to $0.69. In 2025, operating cash flow of $2.262 billion just topped capex of $1.9 billion, leaving little room for $1.764 billion in dividends. Capex is now planned at $1.2 billion for 2026. The Flex-2 low-cost propylene project was deferred to save capital, and recycling investments were scaled back. The 2026 budget prioritizes safe operations, so cuts have landed on growth projects. Drove Flex-2 back still means giving up competitive capacity.
The supply squeeze has to last for this to work. Management sees disruption likely extending into 2027, but it guided Q3 operating rates down to about 85% in North America and 70% in Europe.
Dow (DOW): A Halved Payout Riding Polyethylene Prices Dow (NYSE:DOW) yields about 5.1% at $27.60, a price 38.16% below where it stood five years earlier. In Q2 2026, free cash flow of $692 million covered $253 million in dividends.
Dow cut its dividend from $0.70 to $0.35 in 2025. That year, capex fell 19.12% to $2.479 billion, free cash flow came in at negative $1.417 billion, and adjusted EPS was -$0.94. The Q2 rebound rode a 30% jump in polyethylene prices, while total liabilities rose 9.45%. Part of the capex decline reflects a finished build cycle, since the Poly-7 and Seadrift alkoxylation units came online. The rest came alongside idling higher-cost European assets, leaving a smaller base to earn through the next upturn.
For this to work, pricing has to hold, and Transform to Outperform has to deliver more than $1.3 billion in self-help benefits.
Hormel Foods (HRL): A Dividend King Shrinking to Fit Its Payout Hormel Foods (NYSE:HRL) yields about 5.8% at $20.03. Much of that yield comes from a 41.92% five-year drop in the share price. The 60-year streak of increases continues, but the raises are shrinking: the latest took the quarterly payout from $0.29 to $0.2925.
Whether the dividend is covered depends on which earnings you trust. The $1.17 annual dividend fits under adjusted EPS guidance of $1.45 to $1.51. It topped part of the GAAP guidance range of $1.06 to $1.12. Hormel is selling assets (Ceratti, whole-bird turkey, Justin’s), it cut net sales guidance to $12.1 to $12.2 billion, and Retail sales fell 4.3%. Fiscal 2026 capex is guided to $260 million to $290 million, down from $310.9 million. In fairness, the higher fiscal 2025 figure paid for capacity expansions, so part of the step-down reflects projects that are finished.
Adjusted earnings need to turn into GAAP earnings for this to work. Operating cash flow, up 53.54% to $240.6 million, gives Hormel a path.
International Paper (IP): Deferred Maintenance Behind a Frozen Dividend International Paper (NYSE:IP) yields about 5.7% at $32.52 after a 26.18% one-year decline. The quarterly payout has stayed at $0.4625 since it was reduced from $0.5125 in 2021.
IP’s total capex rose 56.67% to $517 million in Q1 2026. Q2 guidance absorbed maintenance outages pushed back from Q1. CEO Andy Silvernail said in the Q1 release, “We still have work to do to improve consistency and reliability.” Free cash flow was negative $159 million for 2025 and only $94 million in Q1, when adjusted EPS of $0.15 fell short of one quarterly dividend. The company cut adjusted EBITDA guidance to $3.20 to $3.50 billion.
For this to work, mill reliability has to improve, and the EMEA separation has to go smoothly. That segment lost $51 million in Q1.
Verizon (VZ): Lower Capex, Higher Leverage, Rising Payout Verizon yields about 6.1% at $46.09, and its quarterly dividend rose to $0.7075. Much of the capex drop tracks the wind-down of its C-band buildout, a stated investment cycle. Free cash flow guidance of $21.94 to $22.14 billion is well above the dividend bill.
The warning signs are in the finances. Unsecured borrowings total $136.5 billion, leverage rose to 2.5x from 2.2x, and cash fell 49%. Capex is guided lower to $16.0 to $16.5 billion, while fixed wireless net adds fell 30.6%. If spending keeps falling below the post-C-band baseline, that signals maintenance risk for a network business.
For this to work, 3.5% service revenue growth has to keep paying for the dividend while leverage comes down.
A dividend cut usually takes the stock down with it, and underinvestment gives few early signals. The signs tend to show up first in capex guidance, deferred projects, and asset sales. As our roundup of names where coverage is cracking also shows, yield by itself is not a reason to buy.
Contact [email protected] for any questions or corrections.
MEMPHIS, Tenn., Sep 25, 2026 /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC) Chief Executive Officer Andy Silvernail will speak at the Baird 2026 Global Industrial Conference on November 11, 2026.
MEMPHIS, Tenn., Sept. 24, 2026 /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC) will release third-quarter 2026 earnings on October 28, 2026, before the opening of the New York Stock Exchange.
International Paper is splitting in two, and income investors are about to discover that their dividend does not simply follow them through the separation. What happens to the payout depends on decisions that have not been made public yet.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
International Paper (NYSE:IP | IP Price Prediction) is pulling itself in half, and income holders need to understand something most coverage skips: a corporate separation is a dividend event. The $0.4625 quarterly payout a shareholder owns today does not automatically survive intact on the other side. It has to be allocated between the two resulting companies, and the combined post-separation dividend can land above, below, or level with what exists now.
What International Paper Actually Does IP is the world’s largest containerboard producer, headquartered in Memphis, Tennessee, and it makes the corrugated boxes that move consumer goods and e-commerce shipments. The business now runs through two regional platforms: Packaging Solutions North America and Packaging Solutions EMEA, the latter built out by the DS Smith acquisition completed January 31, 2025. Corrugated demand tracks shipping and consumer volumes, which is why the industry has consolidated aggressively. The Smurfit Kappa and WestRock merger in 2024 created Smurfit Westrock (NYSE:SW), the global scale competitor that pushed IP toward DS Smith and now toward this split.
Dividend as It Stands Today IP has paid $0.4625 per quarter on every ex-dividend date from November 12, 2021 through August 14, 2026. The trailing 12-month total is $1.85, yielding 5.24%. The prior $0.5125 rate paid in 2021 was actually reset lower before settling here. Compare that against Packaging Corporation of America (NYSE:PKG), the direct North American peer known for steadier raises, and IP’s payout looks more like a policy anchor than a growth commitment.
What Is Known, and What Is Not On January 29, 2026, with Q4 2025 earnings, IP announced it will split into two independent public companies on a 12 to 15 month timeline. On the July 30, 2026 second-quarter call, CEO Andy Silvernail said, “The separation remains on track to the announced timeline”, and referred to the internal effort as Project Diamond. He also left the door open: “If someone shows up and has an appropriate interest and they are the right kind of partner, we have to listen to that.”
What has not been disclosed is the dividend architecture. The Q2 transcript contains no comment on continuation after separation or allocation between the two companies.
Cash Flow Base Is Shifting A dividend is funded by cash flow, and IP is actively rebuilding its base. The company sold its Global Cellulose Fibers business in January 2026 for roughly $1.10 billion net, directing $660 million to debt reduction, and recorded a $2.47 billion pre-tax non-cash goodwill impairment on the PS EMEA reporting unit. Full-year 2025 operating cash flow was $1.698 billion against $1.857 billion of capex and $977 million of dividends paid. Free cash flow was negative $159 million. Full-year 2026 adjusted EBITDA guidance was trimmed to $3.20 to $3.50 billion.
What an Income Holder Should Watch The Form 10 registration and separation terms, including share distribution ratio. Each company’s initial dividend policy announcement. Standalone cash flow disclosures for PS NA and PS EMEA. In Q1 2026, North American packaging operating profit was $248 million while EMEA posted a $51 million operating loss. For an income investor buying IP purely for the $1.85 payout, the terms have not been defined. The North American business can plausibly carry a competitive dividend into independence, but EMEA is operating at a loss and absorbing restructuring costs with no allocation disclosed. Existing holders with a cost basis and long horizon who stay through the separation will receive shares of both entities. The stock is down 18.37% over the past year at $35.89, pricing uncertainty. Buying new income exposure here, before each successor’s dividend policy is on paper, is buying a payout that has not been defined yet.
Contact [email protected] for any questions or corrections.
Nykredit A S acquired a new position in shares of International Paper Company (NYSE:IP – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,747,579 shares of the basic materials company’s stock, valued at approximately $104,683,000. Nykredit A S owned 0.52% of International Paper at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. MV Capital Management Inc. acquired a new stake in shares of International Paper during the fourth quarter worth $25,000. Aberdeen Wealth Management LLC acquired a new stake in shares of International Paper in the 2nd quarter worth $27,000. Ascentis Independent Advisors acquired a new stake in shares of International Paper in the 1st quarter worth $28,000. Delta Asset Management LLC TN purchased a new stake in shares of International Paper in the second quarter valued at about $31,000. Finally, MCF Advisors LLC increased its stake in shares of International Paper by 36.7% during the fourth quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 229 shares during the period. Institutional investors and hedge funds own 81.95% of the company’s stock.
Wall Street Analysts Forecast Growth Several research firms recently issued reports on IP. Zacks Research raised shares of International Paper from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada boosted their target price on International Paper from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Bank of America raised International Paper from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Friday, September 11th. Loop Capital set a $61.00 price target on International Paper in a report on Tuesday, July 28th. Finally, Wells Fargo & Company lifted their price target on International Paper from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.13.
Read Our Latest Stock Report on International Paper Insider Buying and Selling at International Paper In other International Paper news, VP William Hamic sold 24,500 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the sale, the vice president directly owned 106,952 shares in the company, valued at approximately $4,406,422.40. The trade was a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Holly G. Goughnour sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total value of $146,860.00. Following the completion of the sale, the chief accounting officer directly owned 34,248 shares in the company, valued at $1,437,046.08. This trade represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.
International Paper Stock Up 4.3% IP stock opened at $35.54 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $38.96 and its 200 day moving average price is $36.65. International Paper Company has a 52 week low of $29.26 and a 52 week high of $50.25. The company has a market cap of $18.82 billion, a P/E ratio of -5.45, a P/E/G ratio of 4.28 and a beta of 0.93.
International Paper (NYSE:IP – Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.19 billion. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The firm’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. On average, research analysts expect that International Paper Company will post 1.33 earnings per share for the current fiscal year.
International Paper Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.85 annualized dividend and a yield of 5.2%. International Paper’s payout ratio is currently -28.37%.
(Free Report)
International Paper Company (NYSE: IP) is a global producer of sustainable packaging and paper-based products. The company manufactures containerboard, corrugated packaging, and other fiber-based packaging solutions used to transport and protect goods across a range of industries. Its offerings also include absorbent pulp and cellulose fibers used in products such as diapers, hygiene items, and other consumer and industrial applications.
Founded in 1898, International Paper has grown through the development and operation of paper mills, packaging facilities, and related manufacturing assets.
Featured Articles Five stocks we like better than International Paper Aeluma’s Selloff Could Be Setting Up Its Next Big Move Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip? The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
Tidal Investments LLC raised its position in shares of International Paper Company (NYSE:IP – Free Report) by 87.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,427 shares of the basic materials company’s stock after buying an additional 28,236 shares during the quarter. Tidal Investments LLC’s holdings in International Paper were worth $2,302,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in IP. National Pension Service lifted its position in shares of International Paper by 34.5% in the 2nd quarter. National Pension Service now owns 42,005 shares of the basic materials company’s stock valued at $1,600,000 after acquiring an additional 10,781 shares in the last quarter. WINTON GROUP Ltd purchased a new position in International Paper during the 2nd quarter worth approximately $1,202,000. Engineers Gate Manager LP grew its position in International Paper by 815.5% during the 2nd quarter. Engineers Gate Manager LP now owns 886,943 shares of the basic materials company’s stock worth $33,793,000 after purchasing an additional 790,057 shares in the last quarter. Cidel Asset Management Inc. raised its stake in International Paper by 16.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 8,656 shares of the basic materials company’s stock valued at $330,000 after purchasing an additional 1,231 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in International Paper by 172.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 26,807 shares of the basic materials company’s stock valued at $1,021,000 after purchasing an additional 16,963 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades IP has been the topic of several recent analyst reports. UBS Group upped their price target on International Paper from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a research report on Friday, September 11th. JPMorgan Chase & Co. raised International Paper from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $51.00 to $61.00 in a research note on Tuesday, July 28th. Weiss Ratings upgraded International Paper from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. Finally, Royal Bank Of Canada increased their price target on shares of International Paper from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, International Paper presently has a consensus rating of “Moderate Buy” and an average target price of $49.13.
View Our Latest Stock Analysis on IP International Paper Stock Up 0.2% NYSE IP opened at $34.05 on Thursday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.84 and a current ratio of 1.10. The firm has a 50-day simple moving average of $38.99 and a 200 day simple moving average of $36.71. International Paper Company has a twelve month low of $29.26 and a twelve month high of $50.25. The stock has a market cap of $18.03 billion, a PE ratio of -5.22, a PEG ratio of 4.27 and a beta of 0.93.
International Paper (NYSE:IP – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%.The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. On average, research analysts forecast that International Paper Company will post 1.33 EPS for the current year.
International Paper Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Friday, August 14th. International Paper’s dividend payout ratio (DPR) is -28.37%.
Insiders Place Their Bets In other news, CAO Holly G. Goughnour sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total transaction of $146,860.00. Following the completion of the transaction, the chief accounting officer directly owned 34,248 shares of the company’s stock, valued at approximately $1,437,046.08. This trade represents a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William Hamic sold 24,500 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the transaction, the vice president directly owned 106,952 shares of the company’s stock, valued at $4,406,422.40. The trade was a 18.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.
(Free Report)
International Paper Company (NYSE: IP) is a global producer of sustainable packaging and paper-based products. The company manufactures containerboard, corrugated packaging, and other fiber-based packaging solutions used to transport and protect goods across a range of industries. Its offerings also include absorbent pulp and cellulose fibers used in products such as diapers, hygiene items, and other consumer and industrial applications.
Founded in 1898, International Paper has grown through the development and operation of paper mills, packaging facilities, and related manufacturing assets.
See Also Five stocks we like better than International Paper 3 Luxury Consumer Brands to Watch in a Beaten-Down Sector Jackson’s Record Quarter Powers the Bull Case Holiday Shopping Is Almost Here—And Target May Be Ready to Win Big AI Panic Hit Tech Stocks—But NVIDIA’s Growth Engine Is Intact Want to see what other hedge funds are holding IP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Company (NYSE:IP – Free Report).
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--IP Consulting Inc. (IPC) is marking 20 years in business this month, a milestone few managed service providers reach without being acquired. The North American MSP market saw 466 private equity-backed acquisitions in 2025, a 20% jump over 2024 and more than $4.3 billion in disclosed deal value. IPC has remained privately held and founder-led throughout, serving growing organizations across six states and Washington, D.C. “Voice over IP was the AI of its day.
HighTower Advisors LLC acquired a new position in International Paper Company (NYSE:IP – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 42,077 shares of the basic materials company’s stock, valued at approximately $1,603,000.
A number of other large investors have also recently made changes to their positions in IP. MV Capital Management Inc. purchased a new stake in International Paper in the 4th quarter worth approximately $25,000. Aberdeen Wealth Management LLC purchased a new position in International Paper during the second quarter valued at approximately $27,000. Ascentis Independent Advisors purchased a new position in International Paper during the first quarter valued at approximately $28,000. DV Equities LLC bought a new position in shares of International Paper in the fourth quarter worth approximately $29,000. Finally, Delta Asset Management LLC TN bought a new position in shares of International Paper in the second quarter worth approximately $31,000. 81.95% of the stock is owned by hedge funds and other institutional investors.
International Paper Price Performance International Paper stock opened at $34.41 on Monday. The firm’s fifty day moving average is $39.21 and its 200 day moving average is $36.91. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.57. The company has a market cap of $18.22 billion, a price-to-earnings ratio of -5.28, a PEG ratio of 4.32 and a beta of 0.93. International Paper Company has a 52-week low of $29.26 and a 52-week high of $50.25.
International Paper (NYSE:IP – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.19 billion. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 EPS. Sell-side analysts forecast that International Paper Company will post 1.33 EPS for the current fiscal year. International Paper Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Friday, August 14th. International Paper’s payout ratio is presently -28.37%.
Analyst Upgrades and Downgrades Several analysts have recently commented on IP shares. Loop Capital set a $61.00 price objective on shares of International Paper in a research report on Tuesday, July 28th. Bank of America raised International Paper from a “neutral” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Friday. Wells Fargo & Company increased their target price on International Paper from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wall Street Zen downgraded International Paper from a “hold” rating to a “sell” rating in a research note on Tuesday, August 25th. Finally, Royal Bank Of Canada boosted their price target on International Paper from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, International Paper has a consensus rating of “Moderate Buy” and an average price target of $49.13.
View Our Latest Stock Analysis on International Paper
Insider Buying and Selling at International Paper In other news, VP William Hamic sold 24,500 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $41.20, for a total value of $1,009,400.00. Following the completion of the sale, the vice president owned 106,952 shares in the company, valued at approximately $4,406,422.40. This trade represents a 18.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Holly G. Goughnour sold 3,500 shares of International Paper stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total transaction of $146,860.00. Following the transaction, the chief accounting officer directly owned 34,248 shares of the company’s stock, valued at approximately $1,437,046.08. This represents a 9.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by insiders.
International Paper Profile (Free Report)
International Paper Company (NYSE: IP) is a global producer of sustainable packaging and paper-based products. The company manufactures containerboard, corrugated packaging, and other fiber-based packaging solutions used to transport and protect goods across a range of industries. Its offerings also include absorbent pulp and cellulose fibers used in products such as diapers, hygiene items, and other consumer and industrial applications.
Founded in 1898, International Paper has grown through the development and operation of paper mills, packaging facilities, and related manufacturing assets.
Featured Stories Five stocks we like better than International Paper Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound 3 Small-Cap Biotechs With Binary Catalysts on the Calendar Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
Amundi purchased a new stake in International Paper Company (NYSE:IP – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,169,712 shares of the basic materials company’s stock, valued at approximately $82,666,000. Amundi owned approximately 0.41% of International Paper as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MV Capital Management Inc. purchased a new position in International Paper during the 4th quarter worth approximately $25,000. Aberdeen Wealth Management LLC acquired a new stake in shares of International Paper in the second quarter worth $27,000. Ascentis Independent Advisors purchased a new position in shares of International Paper during the first quarter valued at $28,000. DV Equities LLC acquired a new position in International Paper during the fourth quarter valued at $29,000. Finally, Delta Asset Management LLC TN acquired a new position in International Paper during the second quarter valued at $31,000. Institutional investors and hedge funds own 81.95% of the company’s stock.
International Paper Stock Performance Shares of NYSE IP opened at $34.73 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 0.84. International Paper Company has a one year low of $29.26 and a one year high of $50.25. The business’s 50-day moving average price is $39.39 and its two-hundred day moving average price is $37.07. The company has a market capitalization of $18.39 billion, a P/E ratio of -5.33, a price-to-earnings-growth ratio of 4.54 and a beta of 0.93.
International Paper (NYSE:IP – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.19 billion. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%.The business’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. Analysts anticipate that International Paper Company will post 1.34 earnings per share for the current fiscal year. International Paper Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Friday, August 14th. International Paper’s dividend payout ratio (DPR) is presently -28.37%.
Analyst Upgrades and Downgrades A number of brokerages have commented on IP. Zacks Research upgraded International Paper from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Wall Street Zen downgraded International Paper from a “hold” rating to a “sell” rating in a report on Tuesday, August 25th. Bank of America lowered shares of International Paper from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Tuesday, July 14th. UBS Group boosted their price objective on shares of International Paper from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of International Paper from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, August 21st. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, International Paper currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.
Get Our Latest Report on International Paper
Insider Activity at International Paper In other news, VP William Hamic sold 24,500 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the transaction, the vice president owned 106,952 shares in the company, valued at $4,406,422.40. This represents a 18.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Holly G. Goughnour sold 3,500 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total transaction of $146,860.00. Following the transaction, the chief accounting officer owned 34,248 shares in the company, valued at $1,437,046.08. This represents a 9.27% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by company insiders.
International Paper Profile (Free Report)
International Paper Company (NYSE: IP) is a global producer of sustainable packaging and paper-based products. The company manufactures containerboard, corrugated packaging, and other fiber-based packaging solutions used to transport and protect goods across a range of industries. Its offerings also include absorbent pulp and cellulose fibers used in products such as diapers, hygiene items, and other consumer and industrial applications.
Founded in 1898, International Paper has grown through the development and operation of paper mills, packaging facilities, and related manufacturing assets.
Further Reading Five stocks we like better than International Paper Qualcomm’s Data Center Bet Looks More Real After Amazon’s AI Deal GE Aerospace’s $11.75B Deal Puts Howmet Aerospace in Focus Casey’s Post-Earnings Drop May Give Investors a Better Entry Into a Quality Retailer Sovereign AI: Palantir and Nebius Cut the Cloud Cord Want to see what other hedge funds are holding IP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Company (NYSE:IP – Free Report).
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
WASHINGTON, D.C., Sept. 01, 2026 (GLOBE NEWSWIRE) -- The National Fish and Wildlife Foundation (NFWF) today announced nearly $5 million in grants to improve, restore and expand important forest and wetland wildlife habitats in the Lower Mississippi Alluvial Valley, one of North America’s most important landscapes for fish and wildlife. Leveraging $1.8 million in nonfederal matching contributions from grantees, the investments will generate a total conservation impact of almost $6.8 million.
The grants were awarded through the Lower Mississippi Alluvial Valley Restoration Fund (LMAV Fund), a partnership between NFWF and the U.S. Fish and Wildlife Service, International Paper’s Forestland Stewards Partnership, USDA’s Natural Resources Conservation Service and the Walton Family Foundation. This year marks the ninth year of funding through this public-private partnership supporting voluntary conservation actions in the Lower Mississippi Valley.
“The Lower Mississippi Alluvial Valley is both a vital landscape for wildlife and a working landscape that supports communities across seven states,” said Jeff Trandahl, executive director and CEO of NFWF. “These grants will help restore and reconnect forests, wetlands and floodplains across the region, improving habitat for wildlife while also enhancing water quality and strengthening the natural infrastructure that benefits working lands and agricultural communities. This work demonstrates what is possible when public and private partners come together to invest in the long-term health and resilience of this nationally significant landscape.”
The new and continuing projects supported by the 12 grants announced today will improve habitat across the Lower Mississippi Alluvial Valley landscape through enhanced wetland management, forest thinning, tree planting and aquatic habitat restoration. Through those practices, these projects will provide critical interventions to improve populations of the iconic species of this landscape such as the Louisiana black bear, alligator gar, ducks and swamp rabbit.
“Working with nature as infrastructure is good for people and communities. Restoring forests, wetlands and floodplains can improve water quality, reduce flood risks and strengthen the working lands that communities depend on. These investments show how conservation can deliver tangible benefits for both people and ecosystems across the Lower Mississippi Valley,” said Moira Mcdonald, director of the Walton Family Foundation's Environment Program.
Protected areas such as National Wildlife Refuges and State Wildlife Management Areas serve as focal points for conservation in the private lands–dominated South. This slate of projects leverages the ecological value of these areas by working to connect the landscape around these conservation hubs. To accomplish this, the projects will benefit 10 federal or state protect areas, improving and expanding existing habitat. Collectively, the funded projects will:
Improve hydrology on 3,100 acres, restoring natural flooding patterns that support wildlife and wetland healthRestore 6,800 acres of existing hardwood forest with wildlife-friendly forest treatmentsPlant more than 1.9 million bottomland hardwood seedlings, creating forest habitat for a myriad of species and increasing carbon capture and storage “Restoring bottomland hardwood forests and wetlands in the Lower Mississippi Alluvial Valley is an investment in healthier habitats, cleaner water and more resilient ecosystems,” said Sophie Beckham, International Paper’s chief sustainability officer. “For International Paper, this work reflects our commitment to advancing nature-positive outcomes in the places where we source fiber, work and live. Healthy forests are essential to the environment, and they are also essential to our business as we continue to transform renewable resources into sustainable products people depend on every day.”
The Mississippi Alluvial Valley covers 24 million acres across Arkansas, Illinois, Kentucky, Louisiana, Mississippi, Missouri and Tennessee and is the largest wetland ecosystem in the United States. The region’s hardwood forests, oxbow lakes and other habitat types are home to a wide array of wildlife from the American green-winged teal to the fat pocketbook mussel. More than 60 percent of North America’s bird species use the valley as a landing pad during their migration south or call it home over the winter.
By the 1990s, less than 25 percent of the region’s forest cover had survived the conversion to agricultural land and the alteration of wetland hydrology for flood control. These changes reduced the amount, quality and connectivity of the forests and wetland habitats and degraded water quality within the Mississippi River and tributaries, lowering the capacity of the entire ecosystem to sustain fish and wildlife species.
The LMAV Fund supports projects that improve, restore, and expand existing bottomland hardwood forests and wetlands to improve habitats for the more than 100 breeding land birds and other forested wetland-dependent species that inhabit these ecosystems. The fund also works to improve water quality and restore aquatic habitat connectivity for aquatic species like the alligator gar, which need access to the floodplain and river for different parts of their life cycle. The fund’s work benefits local communities by improving forest health, enhancing wildlife habitat, increasing water quality and supporting jobs associated with these projects within the Mississippi Alluvial Valley.
A complete list of the 2026 grants made through the Lower Mississippi Alluvial Valley Restoration Fund is available here.
About the National Fish and Wildlife Foundation
The National Fish and Wildlife Foundation (NFWF) works with partners to foster sustainable and impactful conservation solutions so that people and nature thrive together. Chartered by Congress in 1984, NFWF has grown to become the nation’s conservation foundation. NFWF works with the public and private sectors to sustain, restore and enhance the nation’s fish, wildlife, plants and habitats for current and future generations. Since its founding, NFWF has supported more than 7,200 grantee organizations and funded more than 23,900 projects that have generated a total conservation impact of more than $12 billion. Learn more at nfwf.org.
About the U.S. Fish and Wildlife Service
The mission of the U.S. Fish and Wildlife Service is to work with others to conserve, protect and enhance fish, wildlife, plants and their habitats for the continuing benefit of the American people. We are both a leader and trusted partner in fish and wildlife conservation, known for our scientific excellence, stewardship of lands and natural resources, dedicated professionals, and commitment to public service. For more information on our work and the people who make it happen, visit fws.gov.
About International Paper
International Paper (NYSE: IP; LSE: IPC) creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
About the Natural Resources Conservation Service
As the U.S. Department of Agriculture’s primary private lands conservation agency, the Natural Resources Conservation Service (NRCS) helps America’s farmers, ranchers, and forest landowners make investments in their operations and local communities to keep working lands working, boost rural economies, increase the competitiveness of American agriculture, and improve the quality of our air, water, soil, and habitat. Through one-on-one, personalized and voluntary assistance, NRCS works with producers and communities to find the best solutions to meet their unique conservation and business goals to ensure the health of our natural resources and the long-term sustainability of American agriculture.
About Walton Family Foundation
The Walton Family Foundation is, at its core, a family-led foundation. Three generations of the descendants of our founders, Sam and Helen Walton, and their spouses work together to lead the foundation and create access to opportunity for people and communities. We work in three areas: improving education, protecting rivers and oceans and the communities they support, and investing in our home region of Northwest Arkansas and the Arkansas-Mississippi Delta. To learn more, visit waltonfamilyfoundation.org and follow us on Facebook, LinkedIn, Instagram and X.
B. Metzler seel. Sohn & Co. AG bought a new stake in International Paper Company (NYSE:IP – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,555 shares of the basic materials company’s stock, valued at approximately $516,000.
Several other institutional investors also recently added to or reduced their stakes in the business. McIlrath & Eck LLC boosted its holdings in International Paper by 452.6% in the 4th quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 525 shares during the period. MV Capital Management Inc. bought a new position in shares of International Paper during the 4th quarter worth about $25,000. DV Equities LLC bought a new position in shares of International Paper during the 4th quarter worth about $29,000. Ascentis Independent Advisors acquired a new position in shares of International Paper during the first quarter valued at about $28,000. Finally, Kelleher Financial Advisors acquired a new position in shares of International Paper during the third quarter valued at about $36,000. 81.95% of the stock is owned by institutional investors.
International Paper Stock Down 1.1% NYSE IP opened at $41.03 on Tuesday. International Paper Company has a 1-year low of $29.26 and a 1-year high of $50.25. The company has a market capitalization of $21.73 billion, a price-to-earnings ratio of -6.29 and a beta of 0.94. The stock’s 50 day moving average is $39.30 and its two-hundred day moving average is $37.90. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.57.
International Paper (NYSE:IP – Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.19 billion. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%.International Paper’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. Equities analysts forecast that International Paper Company will post 1.34 earnings per share for the current fiscal year. International Paper Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, August 14th. International Paper’s dividend payout ratio is currently -28.37%.
Analyst Upgrades and Downgrades A number of equities research analysts recently weighed in on IP shares. Royal Bank Of Canada lifted their target price on International Paper from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Citigroup upped their price target on International Paper from $43.00 to $48.00 and gave the company a “buy” rating in a report on Friday, July 31st. Weiss Ratings upgraded International Paper from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. UBS Group lifted their price objective on International Paper from $40.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Zacks Research upgraded International Paper from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.
View Our Latest Stock Report on International Paper
Insider Buying and Selling at International Paper In other news, VP William Thomas Hamic sold 24,500 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $41.20, for a total value of $1,009,400.00. Following the sale, the vice president owned 106,952 shares of the company’s stock, valued at approximately $4,406,422.40. This represents a 18.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Holly G. Goughnour sold 3,500 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total transaction of $146,860.00. Following the completion of the sale, the chief accounting officer directly owned 34,248 shares in the company, valued at approximately $1,437,046.08. The trade was a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.21% of the company’s stock.
(Free Report)
International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.
Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.
See Also Five stocks we like better than International Paper Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain Snowflake Could Be Headed for New Highs Despite Insider Selling MongoDB Is Surging—And the Next Catalyst Is Almost Here Want to see what other hedge funds are holding IP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Company (NYSE:IP – Free Report).
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
Beacon Pointe Advisors LLC acquired a new stake in shares of International Paper Company (NYSE:IP – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 207,989 shares of the basic materials company’s stock, valued at approximately $7,924,000.
Other institutional investors have also made changes to their positions in the company. MCF Advisors LLC grew its stake in International Paper by 36.7% during the 4th quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 229 shares in the last quarter. Rothschild Investment LLC raised its position in shares of International Paper by 4.2% in the 4th quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 242 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of International Paper by 3.3% during the 4th quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock valued at $305,000 after buying an additional 244 shares during the last quarter. Horizon Investments LLC boosted its stake in shares of International Paper by 3.3% during the 4th quarter. Horizon Investments LLC now owns 8,456 shares of the basic materials company’s stock valued at $333,000 after buying an additional 267 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of International Paper by 1.3% during the first quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company’s stock worth $853,000 after buying an additional 298 shares in the last quarter. 81.95% of the stock is owned by institutional investors and hedge funds.
International Paper Stock Performance Shares of IP opened at $39.34 on Friday. The stock has a market capitalization of $20.83 billion, a PE ratio of -6.03 and a beta of 0.94. The business’s fifty day moving average price is $39.62 and its 200 day moving average price is $37.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 0.84. International Paper Company has a 12-month low of $29.26 and a 12-month high of $50.25.
International Paper (NYSE:IP – Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The company had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the prior year, the company earned $0.20 earnings per share. The firm’s revenue was down 11.3% compared to the same quarter last year. Equities research analysts forecast that International Paper Company will post 1.34 EPS for the current year. International Paper Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a dividend of $0.4625 per share. The ex-dividend date is Friday, August 14th. This represents a $1.85 annualized dividend and a yield of 4.7%. International Paper’s dividend payout ratio is -28.37%.
Analysts Set New Price Targets A number of analysts recently issued reports on IP shares. UBS Group upped their price target on shares of International Paper from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Loop Capital set a $61.00 price objective on shares of International Paper in a report on Tuesday, July 28th. Royal Bank Of Canada boosted their target price on shares of International Paper from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. upgraded shares of International Paper from a “neutral” rating to an “overweight” rating and upped their target price for the company from $51.00 to $61.00 in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised shares of International Paper from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Nine research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.75.
Check Out Our Latest Analysis on International Paper
Insider Transactions at International Paper In other news, CAO Holly G. Goughnour sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total transaction of $146,860.00. Following the completion of the transaction, the chief accounting officer directly owned 34,248 shares of the company’s stock, valued at approximately $1,437,046.08. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William Thomas Hamic sold 24,500 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $41.20, for a total value of $1,009,400.00. Following the sale, the vice president owned 106,952 shares in the company, valued at $4,406,422.40. The trade was a 18.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.21% of the company’s stock.
(Free Report)
International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.
Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.
Recommended Stories Five stocks we like better than International Paper 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
BlackRock Inc. purchased a new position in shares of International Paper Company (NYSE:IP – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 50,942,140 shares of the basic materials company’s stock, valued at approximately $1,940,896,000. BlackRock Inc. owned approximately 9.62% of International Paper at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in IP. McIlrath & Eck LLC grew its holdings in shares of International Paper by 452.6% during the 4th quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 525 shares in the last quarter. MV Capital Management Inc. acquired a new position in International Paper in the fourth quarter valued at about $25,000. Ascentis Independent Advisors bought a new stake in International Paper during the first quarter worth about $28,000. DV Equities LLC bought a new stake in International Paper during the fourth quarter worth about $29,000. Finally, Summit Securities Group LLC increased its holdings in International Paper by 115.4% in the 4th quarter. Summit Securities Group LLC now owns 784 shares of the basic materials company’s stock valued at $31,000 after buying an additional 5,875 shares during the period. Institutional investors own 81.95% of the company’s stock.
International Paper Stock Performance Shares of International Paper stock opened at $40.99 on Thursday. The company’s 50 day moving average price is $39.00 and its two-hundred day moving average price is $37.90. The firm has a market capitalization of $21.71 billion, a P/E ratio of -6.29 and a beta of 0.94. International Paper Company has a fifty-two week low of $29.26 and a fifty-two week high of $50.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 0.84.
International Paper (NYSE:IP – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%.The company had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the prior year, the company earned $0.20 EPS. International Paper’s revenue was down 11.3% compared to the same quarter last year. On average, equities analysts forecast that International Paper Company will post 1.34 earnings per share for the current fiscal year. International Paper Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be given a $0.4625 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.85 annualized dividend and a yield of 4.5%. International Paper’s dividend payout ratio (DPR) is currently -28.37%.
Insider Activity In other news, VP William Thomas Hamic sold 24,500 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $41.20, for a total value of $1,009,400.00. Following the completion of the transaction, the vice president owned 106,952 shares of the company’s stock, valued at $4,406,422.40. This represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Holly G. Goughnour sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total transaction of $146,860.00. Following the completion of the transaction, the chief accounting officer owned 34,248 shares of the company’s stock, valued at approximately $1,437,046.08. This trade represents a 9.27% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades IP has been the topic of a number of recent analyst reports. Loop Capital set a $61.00 price objective on shares of International Paper in a research note on Tuesday, July 28th. Royal Bank Of Canada raised their target price on International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Wall Street Zen upgraded International Paper from a “sell” rating to a “hold” rating in a research note on Monday. Seaport Research Partners reissued a “buy” rating and set a $46.00 price target on shares of International Paper in a report on Wednesday, August 12th. Finally, Bank of America lowered International Paper from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, International Paper presently has an average rating of “Moderate Buy” and a consensus target price of $48.75.
Read Our Latest Stock Analysis on International Paper
(Free Report)
International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.
Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.
Featured Articles Five stocks we like better than International Paper Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think?
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
AI is unquestionably driving demand for GitLab's offerings, but there is concern around its traditional per-seat pricing model versus a consumption-based model. We acknowledge some of the risks Adobe faces, but at a P/E of sub-10x and a FCF yield north of 10%, the market is pricing the stock as a melting ice cube while growth is still right around 10%. We bought Adyen at a mid-teens EV/EBITDA and a P/E just north of 20x, while growing upwards of 20%.
ScottsMiracle-Gro Stock Blooms After Investor Day Optimism International Paper NYSE: IP reported second-quarter operational progress as it worked through a heavy maintenance outage schedule, completed a key machine conversion and advanced restructuring efforts in Europe. The company said execution was stronger than expected despite softer demand in some markets, higher costs and the temporary shutdown of its Pine Hill mill for structural roof repairs.
Chairman and Chief Executive Officer Andy Silvernail said the company’s priorities for 2026—improving reliability, simplifying operations, strengthening its cost structure and investing in higher-value assets—were progressing as planned.
Get International Paper alerts:
These 5 Penny Stocks Just Surged Double Digits“Results from the second quarter show tangible progress, reflecting the commitment of our team to deliver in a complex operating environment,” Silvernail said.
North American volumes and mill performance improve North American box volumes increased 1.7% year over year on a daily basis during the second quarter. Silvernail said International Paper expects to outperform the broader industry by about 2% for the full year, attributing the growth to customer relationships and new business wins.
The 8 best agricultural ETFs to consider for your portfolioThe company also reported a roughly 500-basis-point year-over-year improvement in mill performance, with stronger capacity utilization across its system. International Paper has been simplifying its mill network, closing or exiting lower-returning operations and directing investment toward selected assets.
Packaging Solutions North America generated $425 million in adjusted EBITDA in the second quarter. Compared with the first quarter, favorable price and mix contributed $37 million, while volume contributed $16 million. Operations and costs were $1 million favorable, helped by improved mill performance, an insurance recovery related to Ixtoc and the absence of first-quarter winter storm effects.
Those gains were offset in part by $127 million of unfavorable maintenance-outage costs. Chief Financial Officer Lance Loeffler said the quarter included roughly twice the company’s normal outage activity, as well as conversion and reliability work at the Riverdale mill.
International Paper completed the Riverdale machine conversion on time. The ramp-up is expected to be largely completed by the end of 2026, with the machine reaching its full run rate in the first quarter of 2027.
Pine Hill shutdown expected to weigh on third quarter The company suspended operations at its Pine Hill mill to complete structural roof repairs and expects the facility to return to operation by the end of August. International Paper forecast an approximately $85 million third-quarter impact before anticipated insurance recoveries.
Silvernail said the company has reduced export sales and redirected production toward serving core customers during the outage. He acknowledged that July and August would be tight for the company’s supply network and the broader market but said International Paper expects to recover relatively quickly after the mill resumes operations.
For the third quarter, International Paper projected Packaging Solutions North America adjusted EBITDA of approximately $555 million to $585 million, including the Pine Hill impact. The company expects favorable price and mix, operating improvements from Riverdale and a contribution from the recently acquired NORPAC mill to help offset higher old corrugated container, or OCC, and energy costs.
International Paper acquired NORPAC in June. Silvernail said the mill, located in Longview, Washington, expands the company’s ability to supply lightweight packaging grades and improves its West Coast distribution position. Operations at NORPAC had temporarily slowed following a May incident at a neighboring Nippon facility that reduced steam supply, but Silvernail said the mill had returned to pre-incident operating levels.
EMEA restructuring and separation efforts advance Packaging Solutions EMEA delivered $182 million in adjusted EBITDA during the second quarter, ahead of the company’s expectations. Results were affected by softer demand tied to geopolitical uncertainty and consumer sentiment, as well as pressure from higher paper and distribution costs.
International Paper expects third-quarter adjusted EBITDA for Packaging Solutions EMEA of approximately $230 million to $250 million. The outlook assumes improved price and mix as prior paper price increases flow through box contracts, seasonal volume improvement, customer wins, continuing cost reductions and lower distribution costs.
The company said it has announced more than $210 million of run-rate footprint and cost-savings actions in EMEA. These actions include 31 manufacturing facilities and a central office that have closed or are in the process of closing, with net reductions of more than 3,000 positions expected. About half of planned equipment moves have been completed, according to Silvernail.
International Paper is also pursuing investments in its EMEA operations, including a new lightweight recycled containerboard machine in Lucca, Italy, expected to come online in the third quarter; consolidation of smaller German facilities into more efficient plants; and capacity expansion in Romania.
The planned separation of the EMEA packaging business remains on schedule, Silvernail said. The company is establishing governance, legal, operational and technology infrastructure and advancing transaction documents. He added that International Paper’s focus remains on completing the separation, though the company would consider an appropriate alternative proposal consistent with its fiduciary responsibilities.
Full-year outlook revised amid macro pressures International Paper reaffirmed expectations for a significant second-half improvement, supported by pricing realization, Riverdale’s ramp-up, cost-reduction initiatives and the completion of major planned outages. The company set its full-year adjusted EBITDA outlook at $2.35 billion to $2.45 billion, reducing the top end by approximately $50 million due primarily to the macroeconomic environment and the prolonged effects of the Middle East conflict.
Loeffler said the company now expects macro headwinds of roughly $150 million, compared with an earlier estimate of about $50 million. The higher figure reflects elevated transportation spot rates, OCC and diesel costs, and employee medical expenses.
Second-quarter free cash flow was negative $7 million as the company used cash from operations to fund transformation initiatives and capital investments totaling $533 million. International Paper said it expects to continue investing aggressively in North America over the next two to three years, focusing on lower-cost operations, more integrated paper and box production, and improved customer responsiveness.
About International Paper (NYSE:IP)International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.
Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in International Paper Right Now?Before you consider International Paper, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Paper wasn't on the list.
While International Paper currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Key Takeaways International Paper beat adjusted earnings estimates despite lower profit and weaker sales in Q2 2026. IP said planned maintenance outages cut EBITDA, while North American box volumes rose 1.7%. International Paper maintained 2026 targets and set third-quarter EBITDA guidance despite Pine Hill impacts. International Paper Company (IP - Free Report) reported adjusted operating earnings of four cents per share for the second quarter of 2026, down 77.8% year over year. The figure beat the Zacks Consensus Estimate of a loss of four cents by 200%. Elevated planned maintenance outages pressured profitability in the quarter.
Including one-time items, the company reported a loss of two cents per share against earnings of 14 cents in the year-ago quarter.
Net sales declined 2.2% year over year to $6.00 billion and missed the consensus mark of $6.17 billion by 2.7%. North American box volumes rose 1.7% in the quarter.
IP's Profitability Declines on Outage CostsCost of products sold decreased 1.8% year over year to $4.34 billion. Gross profit was down 3.5% year over year to $1.66 billion. The gross margin came in at 27.6% compared with the year-ago quarter’s 28%. Selling and administrative expenses increased 7.4% to $564 million, while distribution expenses rose 1.4% to $523 million.
Adjusted EBITDA from continuing operations fell 12.4% year over year to $587 million on expected higher maintenance outage costs. The adjusted EBITDA margin contracted to 9.8% from 10.9%. Adjusted operating income declined 58.6% to $99 million from $239 million in the prior-year quarter.
International Paper's North America Sales & Profits Fall Y/YThe Packaging Solutions North America segment’s sales were $3.69 billion, down 4.5% year over year but up 1.7% sequentially. Our projection for the segment’s sales was $3.77 billion.
The segment’s operating profit declined 26.4% year over year to $204 million. Adjusted EBITDA fell to $425 million from $515 million, while the margin contracted to 12.2% from 13.9%. Higher planned outage costs and lower export volumes outweighed favorable pricing, mix and improved mill performance. Our projection for the segment’s operating income and adjusted EBITDA was $169.7 million and $385.7 million, respectively.
IP's EMEA Business Remains Under PressurePackaging Solutions EMEA sales were $2.29 billion, nearly flat with the prior-year quarter. Our expectation for the segment’s sales was $2.36 billion.
The segment reported an operating loss of $80 million compared with a loss of $1 million a year ago. Adjusted EBITDA decreased 6.2% to $182 million, and the adjusted EBITDA margin narrowed to 8% from 8.5%. Higher paper costs within packaging, distribution expenses and weaker volumes offset energy-cost benefits and cost-reduction actions.
Our projection for the segment’s operating income and adjusted EBITDA was a loss of $90.1 million and $158.9 million, respectively.
International Paper's Free Cash Flow Weakens on Higher CapexCash provided by operating activities increased to $526 million from $476 million in the year-ago quarter. However, capital expenditures rose to $533 million from $422 million. This led to a free cash flow of a negative $7 million against positive $54 million a year earlier.
IP Sets Third-Quarter EBITDA TargetInternational Paper expects third-quarter adjusted EBITDA from continuing operations between $780 million and $830 million. The outlook includes an estimated $85 million negative impact from the temporary suspension of operations at the Pine Hill mill for roof repairs.
Packaging Solutions North America adjusted EBITDA is projected between $555 million and $585 million, including the Pine Hill impact. Packaging Solutions EMEA adjusted EBITDA is expected between $230 million and $250 million.
International Paper Maintains 2026 TargetsFor 2026, management targets adjusted EBITDA from continuing operations of $3.20-$3.40 billion. The company expects Packaging Solutions North America adjusted EBITDA of $2.35-$2.45 billion and Packaging Solutions EMEA adjusted EBITDA of $900 million-$1 billion.
International Paper projects full-year net sales of $24.5-$25.1 billion and free cash flow of $300-$500 million. Capital expenditures are targeted between $2 billion and $2.1 billion, while maintenance outage expenses are forecast at $431 million.
IP Advances Strategic Investments and SeparationThe company completed the NORPAC acquisition in June and the acquisition of a converting facility from Delmarva Corrugated Packaging in Dover, DE, in May. It also finished the Riverdale machine conversion, with the ramp-up progressing as expected. Operations at the Waterloo greenfield packaging plant are scheduled to begin in the fourth quarter.
In EMEA, International Paper has announced more than $210 million of run-rate savings tied to footprint and headcount actions. The planned separation of the North American and EMEA packaging operations remains on track with the previously announced timeline.
IP Stock’s Price PerformanceThe company’s shares have lost 19.4% in the past year compared with the industry’s 8.3% decline.
Image Source: Zacks Investment Research
International Paper’s Zacks RankIP currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Industry Peers This QuarterPackaging Corporation of America (PKG - Free Report) reported second-quarter 2026 adjusted earnings of $2.35 per share, falling 5.2% year over year but beating the Zacks Consensus Estimate of $2.31.
Packaging Corp’s sales increased 14.7% year over year to $2.49 billion and surpassed the consensus estimate of $2.40 billion by 3.6%. Total corrugated products shipments reached an all-time quarterly record, rising 24.3% both per day and in total from the prior-year quarter.
Smurfit Westrock Plc (SW - Free Report) reported second-quarter 2026 adjusted earnings of 35 cents per share, down 20% year over year. The figure missed the Zacks Consensus Estimate of 42 cents by 16.7%. Higher input costs, particularly freight, pressured profitability.
Smurfit Westrock's net sales increased 1.1% year over year to $8.03 billion and surpassed the consensus estimate of $7.99 billion by 0.5%.
A Paper & Related Product Stock Awaiting ResultsRayonier Advanced Materials (RYAM - Free Report) is expected to release second-quarter 2026 results on Aug. 4. The Zacks Consensus Estimate for the bottom line is pegged at a loss of 17 cents per share. The company incurred a loss of 43 cents per share in the year-ago quarter.
The consensus estimate for Rayonier Advanced Materials’ top line is pegged at $357.5 million, indicating 5.5% growth from the prior-year reported figure.
Net sales of $6.00 billion Loss from continuing operations of $12 million Adjusted EBITDA (non-GAAP) from continuing operations of $587 million Cash provided by operating activities of $526 million Free cash flow (non-GAAP) of $(7) million 2026 FINANCIAL TARGETS
Adjusted EBITDA (non-GAAP) from continuing operations Third quarter: $780-$830 million, including $85 million negative impact of the temporary mill closure in Pine Hill, Alabama Full-Year: $3.20-$3.40 billion , /PRNewswire/ -- International Paper (NYSE: IP) (LSE: IPC) (the "Company") today announced results for the quarter ended June 30, 2026.
"Our teams delivered strong second quarter results as execution continued to improve across the company," said International Paper Chairman and CEO Andy Silvernail. "In North America, we improved mill performance and successfully completed the Riverdale machine conversion, while continuing to grow box volumes and remain on track to outperform the market. In EMEA, we accelerated cost-out actions, advanced transformational investments and continued preparing for the separation as previously communicated."
"Looking ahead to the second half of the year, our priorities remain clear: execute with discipline, improve reliability and performance across our network, mitigate rising input costs in a dynamic environment, and deliver commercial and cost-out initiatives," Silvernail added. "While there is still work to do, we are building momentum across the businesses. The progress we are making gives us confidence in our ability to deliver strong performance through the remainder of 2026 and create sustainable value for our stakeholders."
Select Financial Measures
The preliminary second quarter 2026 results discussed in this release will be finalized in our Quarterly Report on Form 10-Q, which we intend to file with the U.S. Securities and Exchange Commission on August 6, 2026. This release refers to certain non-GAAP financial measures, which are defined below.
(In millions)
Second
Quarter 2026
Second
Quarter 2025
First
Quarter 2026
Net Sales
$ 6,004
$ 6,142
$ 5,971
Earnings (Loss) from Continuing Operations
(12)
75
76
Adjusted EBITDA from Continuing Operations (non-GAAP)
587
670
677
Adjusted Operating Earnings (Loss) (non-GAAP)
18
94
81
Cash Provided By (Used For) Operating Activities
526
476
611
Free Cash Flow (non-GAAP)
(7)
54
94
Diluted EPS from Continuing Operations and Adjusted Operating EPS
Second
Quarter 2026
Second
Quarter 2025
First Quarter
2026
Diluted Earnings (Loss) Per Share from Continuing
Operations
$ (0.02)
$ 0.14
$ 0.14
Add Back – Non-Operating Pension Expense (Income)
(0.03)
—
(0.03)
Add Back – Net Special Items Expense (Income)
0.10
0.04
0.05
Income Taxes - Non-Operating Pension and Special Items
(0.01)
—
(0.01)
Adjusted Operating Earnings (Loss) Per Share (non-GAAP)
$ 0.04
$ 0.18
$ 0.15
NON-GAAP FINANCIAL MEASURES
The Company believes that these non-GAAP financial measures, when viewed alongside the most directly comparable GAAP measures, provides for a more complete analysis of the Company's results from continuing operations. Reconciliations to the most directly comparable GAAP measures and an explanation of why management believes these non-GAAP financial measures provide useful information to investors are included later in this release.
Adjusted EBITDA from continuing operations is a non-GAAP financial measure defined as earnings (loss) from continuing operations (a GAAP measure) before income taxes, equity earnings (loss), interest expense, net, net special items, non-operating pension expense (income) and depreciation and amortization. The most directly comparable GAAP measure is earnings (loss) from continuing operations.
Adjusted operating earnings (loss) and adjusted operating earnings (loss) per share are non-GAAP financial measures defined as earnings (loss) from continuing operations (a GAAP measure) excluding net special items and non-operating pension expense (income). Earnings (loss) from continuing operations and diluted earnings (loss) per share from continuing operations are the most directly comparable GAAP measures. The Company calculates adjusted operating earnings (loss) (non-GAAP) by excluding the after-tax effect of non-operating pension expense (income) and net special items from the earnings (loss) from continuing operations reported under U.S. GAAP. Adjusted operating earnings (loss) per share is calculated by dividing adjusted operating earnings (loss) by the diluted average shares of common stock outstanding.
Free cash flow is a non-GAAP financial measure defined as cash provided by (used for) operating activities (a GAAP measure) less capital expenditures. The most directly comparable GAAP measure is cash provided by (used for) operations.
For discussion of net special items and non-operating pension expense (income), see the disclosure that follows Effects of Net Special Items and Consolidated Statement of Operations and related notes included later in this release.
SEGMENT INFORMATION
The following table presents net sales and business segment operating profit (loss), which is the Company's measure of segment profitability. Business segment operating profit (loss) is a measure reported to our management for purposes of making decisions about allocating resources to our business segments and assessing the performance of our business segments. We present this information in our financial statement footnotes in accordance with ASC 280 - "Segment Reporting". Second quarter 2026 net sales by business segment and operating profit (loss) by business segment compared with the first quarter of 2026 and the second quarter of 2025 are as follows:
Business Segment Results
(In millions)
Second
Quarter 2026
Second
Quarter 2025
First Quarter
2026
Net Sales by Business Segment
Packaging Solutions North America
$ 3,688
$ 3,860
$ 3,626
Packaging Solutions EMEA
2,287
2,291
2,323
Corporate and Inter-segment Sales
29
(9)
22
Net Sales
$ 6,004
$ 6,142
$ 5,971
Business Segment Operating Profit (Loss)
Packaging Solutions North America
$ 204
$ 277
$ 248
Packaging Solutions EMEA
(80)
(1)
(51)
Packaging Solutions North America (PS NA) business segment operating profit (loss) in the second quarter of 2026 was $204 million compared with $248 million in the first quarter of 2026. In the second quarter of 2026, net sales increased reflecting higher sales prices, higher sales volumes and a favorable mix due to lower export sales. Sales volumes were higher driven by continued growth in our domestic business, normal seasonal improvement and the impact of one additional shipping day. Cost of products sold increased driven by higher planned maintenance outage costs and higher sales volumes, partially offset by lower input costs. Input costs were favorably impacted by the non-repeat of higher natural gas costs and utility costs driven by the winter storm, partially offset by higher recovered fiber and freight costs. Operating costs were slightly improved due to stronger mill performance, additional Ixtac insurance recovery and the non-repeat of winter storm impacts in the first quarter of 2026. These benefits were mostly offset by costs of the Riverdale paper machine conversion and other planned reliability spending. In the second quarter of 2026, we successfully completed several strategic initiatives, including the Riverdale machine conversion and the acquisitions of the NORPAC mill in Longview, Washington and the Delmarva corrugated packaging facility in Dover, Delaware.
Packaging Solutions EMEA (PS EMEA) business segment operating profit (loss) in the second quarter of 2026 was $(80) million compared with $(51) million in the first quarter of 2026. Net sales decreased in the second quarter of 2026 compared with the first quarter of 2026, as higher sales prices for paper were more than offset by lower sales volumes in a continued soft market driven by geopolitical uncertainty and consumer sentiment. Cost of products sold decreased driven by lower sales volumes, cost-out actions and lower input costs for energy, including subsidies, partially offset by higher recovered fiber costs. Packaging margins were impacted by higher paper prices not yet realized in box pricing. Planned maintenance outage costs were higher in the second quarter of 2026 compared with the first quarter of 2026. Selling and administrative expenses were higher driven by planned annual wage increases.
EFFECTS OF NET SPECIAL ITEMS
Continuing Operations
Net special items include items considered by management to not be reflective of the Company's underlying operations. Net special items in the second quarter of 2026 amount to a net after-tax charge of $42 million ($0.08 per diluted share) compared with a net after-tax charge of $23 million ($0.04 per diluted share) in the second quarter of 2025 and a net after-tax charge of $19 million ($0.04 per diluted share) in the first quarter of 2026. Net special items in all periods include the following charges (benefits):
Second Quarter
2026
Second Quarter
2025
First Quarter 2026
(In millions)
Before Tax
After Tax
Before Tax
After Tax
Before Tax
After Tax
PS EMEA separation costs
$ 43
$ 32
(a)
$ —
$ —
$ 11
$ 8
(a)
Severance and other costs
9
7
(b)
39
34
(b)
23
17
(b)
NORPAC acquisition transaction costs
5
4
(a)
—
—
—
—
DS Smith combination costs (benefits)
—
—
32
29
(a)
—
—
Net (gains) losses on sales and
impairments of businesses
(11)
(8)
(c)
(51)
(40)
(c)
—
—
Income tax refund interest
—
—
—
—
(11)
(8)
(d)
Other
8
7
—
—
3
2
Total special items, net
$ 54
$ 42
$ 20
$ 23
$ 26
$ 19
(a)
Transaction, integration and other costs/benefits that the Company believes are not reflective of the Company's underlying operations. See notes (a) and (h) of the Consolidated Statement of Operations.
(b)
Severance and other costs associated with the Company's 80/20 strategic approach which includes the realignment of resources and mill strategic actions. See notes (c) and (k) of the Consolidated Statement of Operations.
(c)
Includes the sale of the Company's box plant in Chile and the sale of five European box plants in Mortagne, Saint-Amand and Cabourg (France), Ovar (Portugal) and Bilbao (Spain) to satisfy regulatory commitments in connection with the DS Smith combination. See notes (d) and (l) of the Consolidated Statement of Operations.
(d)
Interest income related to an income tax refund. See note (e) of the Consolidated Statement of Operations.
EARNINGS WEBCAST
The Company will host a webcast today where management will discuss second quarter 2026 earnings, progress on the planned separation of the EMEA packaging business and market conditions as well as the full-year outlook, 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 by clicking on the Investors tab and going to the Events & Presentations page at https://www.internationalpaper.com/investors/events-presentations. A replay of the webcast will also be on the website beginning approximately two hours after the call.
Parties who wish to participate in the webcast via teleconference may dial +1 (646) 307-1963 or, within the U.S. only, (800) 715-9871, and ask to be connected to the International Paper second quarter 2026 earnings call. The conference ID number is 4090753. Participants should call in no later than 9:45 a.m. ET (8:45 a.m. CT). An audio-only replay will be available for ninety days following the call. To access the replay, dial +1 (609) 800-9909 or, within the U.S. only, (800) 770-2030 and when prompted for the conference ID, enter 4090753.
ABOUT INTERNATIONAL PAPER (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release that are not historical in nature may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "expects," "anticipates," "believes," "estimates," "could," "should," "can," "forecast," "outlook," "intend," "look," "may," "will," "remain," "confident," "commit," "plan," and "preliminary" or similar expressions. These statements are not guarantees of future performance and reflect management's current views and speak only as to the dates the statements are made and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these statements. All statements, other than statements of historical fact, are forward-looking statements, including, but not limited to, statements regarding anticipated financial results, economic conditions, industry trends, future prospects, and the anticipated benefits, execution and consummation of strategic corporate transactions. Factors which could cause actual results to differ include but are not limited to: (i) our ability to consummate and achieve the benefits expected from, and other risks, costs and expenses associated with, our plans to separate our North America and Europe, Middle East and Africa ("EMEA") operations into two independent public companies and other corporate transactions on a timely basis or at all, including the risk that an impairment charge may be recorded for goodwill or other intangible assets, which may lead to decreased assets and reduced net earnings; (ii) our ability to successfully integrate and realize anticipated synergies, cost savings and profit opportunities from corporate transactions; (iii) risks associated with our strategic business decisions including facility closures, business exits, operational changes, corporate restructurings and portfolio rationalizations intended to support the Company's 80/20 strategic approach for long-term growth; (iv) our failure to comply with the obligations associated with being a public company listed on the New York Stock Exchange and the London Stock Exchange and the costs associated therewith; (v) risks with respect to climate change and global, regional, and local weather conditions, as well as risks related to our targets and goals with respect to climate change and the emission of greenhouse gases and other environmental, social and governance matters, including our ability to meet such targets and goals; (vi) loss contingencies and pending, threatened or future litigation, including with respect to environmental and antitrust related matters; (vii) the level of our indebtedness, risks associated with our variable rate debt and changes in interest rates; (viii) the impact of global and domestic economic conditions and industry conditions, including with respect to current challenging macroeconomic conditions, inflationary pressures and changes in the cost or availability of raw materials, energy price increases or shortages in energy sources and transportation sources, supply chain shortages and disruptions, competition we face, cyclicality and changes in consumer preferences, demand and pricing for our products, and conditions impacting the credit, capital and financial markets; (ix) risks arising from conducting business internationally, domestic and global geopolitical conditions and tensions involving military conflict (including major global actors such as Russia, the Middle East, the further expansion of such conflicts and the geopolitical and economic consequences associated therewith), as well as broader geopolitical tensions, changes in currency exchange rates, including in light of our assets, liabilities and earnings denominated in foreign currencies as we proceed with the planned separation of our North America and EMEA packaging business, trade policies (including but not limited to protectionist measures and the imposition of new or increased tariffs as well as the potential impact of retaliatory tariffs and other penalties including retaliatory policies against the United States) and global trade tensions, downgrades in our credit ratings, and/or the credit ratings of banks issuing certain letters of credit, issued by recognized credit rating organizations; (x) the amount of our future pension funding obligations, and pension and healthcare costs; (xi) the costs of compliance, or the failure to comply with, existing, evolving or new environmental (including with respect to climate change and greenhouse gas emissions), tax, trade, labor and employment, privacy, anti-bribery and anti-corruption, and other U.S. and non-U.S. governmental laws, regulations and policies (including but not limited to those in the United Kingdom and European Union); (xii) a material disruption at any of our manufacturing facilities or other adverse impact on our operations due to severe weather, natural disasters, climate change or other causes; (xiii) cybersecurity and information technology risks, including as a result of security breaches and cybersecurity incidents; (xiv) our exposure to claims under our agreements with Sylvamo Corporation; (xv) our ability to attract and retain qualified personnel and maintain good employee or labor relations; (xvi) our ability to maintain effective internal control over financial reporting; and (xvii) our ability to adequately secure and protect our intellectual property rights. These and other factors that could cause or contribute to actual results differing materially from such forward-looking statements can be found in our press releases and reports filed with the U.S. Securities and Exchange Commission. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
INTERNATIONAL PAPER COMPANY
Condensed Consolidated Statement of Operations
Preliminary and Unaudited
(In millions, except per share amounts)
Three Months Ended
June 30,
Three Months Ended
March 31,
Six Months Ended
June 30,
2026
2025
2026
2026
2025
Net Sales
$ 6,004
$ 6,142
$ 5,971
$ 11,975
$ 11,406
Costs and Expenses
Cost of products sold
4,344
4,422
4,244
8,588
8,227
(g)
Selling and administrative expenses
564
(a)
525
(h)
510
(a)
1,074
(a)
1,012
(h)
Depreciation and amortization
488
(b)
431
489
(b)
977
(b)
951
(i)
Distribution expenses
523
516
513
1,036
933
Taxes other than payroll and income taxes
42
41
41
83
128
(j)
Restructuring charges, net
9
(c)
39
(k)
23
(c)
32
(c)
122
(k)
Net (gains) losses on sales and impairments of
businesses
(11)
(d)
(51)
(l)
—
(11)
(d)
(51)
(l)
Net (gains) losses on sales and impairments of
assets
—
—
—
—
(67)
(m)
Interest expense, net
87
108
76
(e)
163
(e)
192
Non-operating pension expense (income)
(16)
(5)
(18)
(34)
(2)
Earnings (Loss) From Continuing Operations
Before Income Taxes and Equity Earnings (Loss)
(26)
116
93
67
(39)
Income tax provision (benefit)
(15)
40
17
2
8
Equity earnings (loss), net of taxes
(1)
(1)
—
(1)
(2)
Earnings (Loss) From Continuing Operations
(12)
75
76
64
(49)
Discontinued Operations, net of taxes
—
—
(f)
(16)
(f)
(16)
(f)
19
(f)
Net Earnings (Loss)
$ (12)
$ 75
$ 60
$ 48
$ (30)
Basic Earnings (Loss) Per Common Share
Earnings (loss) from continuing operations
$ (0.02)
$ 0.14
$ 0.14
$ 0.12
$ (0.10)
Discontinued operations
—
—
(0.03)
(0.03)
0.04
Net earnings (loss)
$ (0.02)
$ 0.14
$ 0.11
$ 0.09
$ (0.06)
Diluted Earnings (Loss) Per Common Share
Earnings (loss) from continuing operations
$ (0.02)
$ 0.14
$ 0.14
$ 0.12
$ (0.10)
Discontinued operations
—
—
(0.03)
(0.03)
0.04
Net earnings (loss)
$ (0.02)
$ 0.14
$ 0.11
$ 0.09
$ (0.06)
Average Shares of Common Stock Outstanding -
Diluted
529.5
532.6
531.8
531.8
483.0
The accompanying notes are an integral part of this Consolidated Statement of Operations (preliminary and unaudited).
(a)
Includes pre-tax charges of $43 million ($32 million after taxes), $11 million ($8 million after taxes) and $54 million ($40 million after taxes) for the three months ended June 30, 2026 and March 31, 2026 and the six months ended June 30, 2026, respectively, for costs associated with the announced separation of our PS EMEA business, a pre-tax charge of $5 million ($4 million after taxes) for the three months and six months ended June 30, 2026 for costs associated with the NORPAC acquisition and pre-tax charges of $8 million ($7 million after taxes), $3 million ($2 million after taxes) and $11 million ($9 million after taxes) for the three months ended June 30, 2026 and March 31, 2026 and the six months ended June 30, 2026, respectively, for other costs.
(b)
Includes pre-tax charges of $23 million, $16 million and $39 million for the three months ended June 30, 2026 and March 31, 2026 and the six months ended June 30, 2026, respectively, for accelerated deprecation associated with our site closures.
(c)
Includes pre-tax charges of $9 million ($7 million after taxes), $23 million ($17 million after taxes) and $32 million ($24 million after taxes) for the three months ended June 30, 2026 and March 31, 2026 and the six months ended June 30, 2026, respectively, for severance and other costs related to our mill closures and 80/20 strategic actions.
(d)
Includes a pre-tax gain of $11 million ($8 million after taxes) for the three months and six months ended June 30, 2026 related to the completed sale of our box plant in Chile.
(e)
Includes pre-tax income of $11 million ($8 million after taxes) for the three months ended March 31, 2026 and the six months ended June 30, 2026 for interest income related to an income tax refund.
(f)
Includes the results for the former Global Cellulose Fibers business which was sold on January 23, 2026.
(g)
Includes a pre-tax charge of $70 million ($52 million after taxes) for the six months ended June 30, 2025 for the inventory step-up recognized in purchase accounting related to the DS Smith combination.
(h)
Includes pre-tax charges of $32 million ($29 million after taxes) and $133 million ($110 million after taxes) for the three months and six months ended June 30, 2025, respectively, for transaction costs and integration costs associated with the DS Smith combination.
(i)
Includes a pre-tax charge of $197 million for the six months ended June 30, 2025 for accelerated deprecation associated with our site closures.
(j)
Includes a pre-tax charge of $50 million (before and after taxes) for the six months ended June 30, 2025 for a UK stamp tax associated with the DS Smith combination.
(k)
Includes pre-tax charges of $39 million ($34 million after taxes) and $122 million ($97 million after taxes) for the three months and six months ended June 30, 2025, respectively, for severance and other costs related to our mill closures and 80/20 strategic actions.
(l)
Includes a pre-tax gain of $51 million ($40 million after taxes) for the three months and six months ended June 30, 2025 related to the sale of five European box plants in Mortagne, Saint-Amand, and Cabourg (France), Ovar (Portugal) and Bilbao (Spain) to satisfy regulatory commitments in connection with the DS Smith combination.
(m)
Includes a pre-tax gain of $62 million ($47 million after taxes) for the six months ended June 30, 2025 for asset sales related to our permanently closed Orange, Texas containerboard mill and a pre-tax gain of $5 million ($4 million after taxes) for the six months ended June 30, 2025 related to miscellaneous land sales and other items.
INTERNATIONAL PAPER COMPANY
Reconciliation of Earnings (Loss) from Continuing Operations to Adjusted Operating Earnings (Loss)
Preliminary and Unaudited
(In millions, except per share amounts)
Three Months Ended
June 30,
Three Months Ended
March 31,
Six Months Ended
June 30,
2026
2025
2026
2026
2025
Earnings (Loss) from Continuing Operations
$ (12)
$ 75
$ 76
$ 64
$ (49)
Add back: Non-operating pension expense (income)
(16)
(5)
(18)
(34)
(2)
Add back: Net special items expense (income)
54
20
26
80
257
Income taxes - Non-operating pension and special items
(8)
4
(3)
(11)
(39)
Adjusted Operating Earnings (Loss) (non-GAAP)
$ 18
$ 94
$ 81
$ 99
$ 167
Three Months Ended
June 30,
Three Months Ended
March 31,
Six Months Ended
June 30,
2026
2025
2026
2026
2025
Diluted Earnings (Loss) per Common Share from
Continuing Operations
$ (0.02)
$ 0.14
$ 0.14
$ 0.12
$ (0.10)
Add back: Non-operating pension expense (income)
(0.03)
—
(0.03)
(0.06)
—
Add back: Net special items expense (income)
0.10
0.04
0.05
0.15
0.53
Income taxes per share - Non-operating pension and special
items
(0.01)
—
(0.01)
(0.02)
(0.08)
Adjusted Operating Earnings (Loss) per Share (non-
GAAP)
$ 0.04
$ 0.18
$ 0.15
$ 0.19
$ 0.35
Notes:
Management uses adjusted operating earnings (loss) and adjusted operating earnings (loss) per share (non-GAAP financial measures) to focus on on-going operations and believes that such non-GAAP financial measures are useful to investors in assessing the operational performance of the Company and enabling investors to perform meaningful comparisons of past and present consolidated operating results from continuing operations. The Company believes that these non-GAAP financial measures, viewed alongside the most directly comparable GAAP measures, provides for a more complete analysis of the Company's results from continuing operations. See the section Non-GAAP Financial Measures for the definitions of adjusted operating earnings and adjusted operating earnings per share and the most directly comparable GAAP measures.
Non-operating pension expense (income) represents amortization of prior service cost, amortization of actuarial gains/losses, expected return on assets and interest cost. The Company excludes these amounts from adjusted operating earnings (loss) as the Company does not believe these items reflect ongoing operations. These particular pension cost elements are not directly attributable to current employee service. The Company includes service cost in our non-GAAP financial measure as it is directly attributable to employee service, and the corresponding employees' compensation elements, in connection with ongoing operations.
Since diluted earnings per share are computed independently for each period, six-month per share amounts may not equal the sum of the respective quarters.
INTERNATIONAL PAPER COMPANY
Calculation of Adjusted EBITDA from Continuing Operations
Preliminary and Unaudited
(In millions)
Three Months Ended
June 30,
Three Months Ended
March 31,
Six Months Ended
June 30,
2026
2025
2026
2026
2025
Earnings (Loss) From Continuing Operations
$ (12)
$ 75
$ 76
$ 64
$ (49)
Add back: Income tax provision (benefit)
(15)
40
17
2
8
Less: Equity earnings (loss), net of taxes
(1)
(1)
—
(1)
(2)
Earnings (Loss) From Continuing Operations Before Income Taxes
and Equity Earnings (Loss)
(26)
116
93
67
(39)
Interest expense, net
87
108
76
163
192
Special items
54
20
37
91
257
Non-operating pension expense (income)
(16)
(5)
(18)
(34)
(2)
Depreciation and amortization
488
431
489
977
951
Adjusted EBITDA from Continuing Operations (non-GAAP)
$ 587
$ 670
$ 677
$ 1,264
$ 1,359
Notes:
Management uses adjusted EBITDA from continuing operations (a non-GAAP financial measure) to focus on on-going operations and believes this measure is useful to investors in assessing the operational performance of the Company and enabling investors to perform meaningful comparisons of past and present consolidated operating results from continuing operations. The Company believes that adjusted EBITDA from continuing operations, viewed alongside the most directly comparable GAAP measure, provides for a more complete analysis of the Company's results from continuing operations. See the section titled Non-GAAP Financial Measures for the definition of adjusted EBITDA from continuing operations and the most directly comparable GAAP measure.
INTERNATIONAL PAPER COMPANY
Calculation of Adjusted EBITDA Outlook from Continuing Operations
Preliminary and Unaudited
(In millions)
Three Months Ended
September 30, 2026
Twelve Months Ended
December 31, 2026
Earnings (Loss) from Continuing Operations
$215 - $260
$843 - $1,043
Add back: Income tax provision (benefit)
—
—
Less: Equity earnings (loss), net of taxes
—
—
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings
(Loss)
$215 - $260
$843 - $1,043
Interest expense, net
90 - 95
370
Special items
—
91
Non-operating pension expense (income)
(16)
(69)
Depreciation and amortization
491
1,965
Adjusted EBITDA from Continuing Operations (non-GAAP)
$780 - $830
$3,200 - $3,400
Notes:
Management uses adjusted EBITDA from continuing operations (a non-GAAP financial measure) to focus on on-going operations and believes this measure is useful to investors in assessing the operational performance of the Company and enabling investors to perform meaningful comparisons of past and present consolidated operating results from continuing operations. The company believes that adjusted EBITDA from continuing operations, viewed alongside the directly comparable GAAP measure, provides for a more complete analysis of the Company's results from continuing operations. See the section titled Non-GAAP Financial Measures for the definition of adjusted EBITDA from continuing operations and the most directly comparable GAAP measure. Income tax provision (benefit) is excluded from target setting as we are unable to quantify certain amounts that would be required to be included in the GAAP measure without unreasonable efforts, including forecasting net income for 2026. We also exclude special items from target setting as special items are outside the ordinary course of business, inherently difficult to predict and quantify at the time goals are established and may not reflect the normal operating performance of the business.
INTERNATIONAL PAPER COMPANY
Condensed Consolidated Balance Sheet
Preliminary and Unaudited
(In millions)
June 30, 2026
December 31, 2025
Assets
Current Assets
Cash and Temporary Investments
$ 726
$ 1,145
Accounts and Notes Receivable, Net
4,253
3,791
Contract Assets
622
635
Assets Held for Sale
—
1,800
Inventories
1,961
2,012
Other
682
723
Total Current Assets
8,244
10,106
Plants, Properties and Equipment, Net
14,825
14,443
Goodwill
5,290
5,326
Intangibles, Net
3,940
4,043
Long-Term Financial Assets of Variable Interest Entities
2,358
2,349
Right of Use Assets
672
697
Overfunded Pension Plan Assets
533
486
Deferred Charges and Other Assets
659
514
Total Assets
$ 36,521
$ 37,964
Liabilities and Equity
Current Liabilities
Notes Payable and Current Maturities of Long-Term Debt
$ 1,002
$ 992
Liabilities Held for Sale
—
502
Accounts Payable and Other Current Liabilities
6,504
6,405
Total Current Liabilities
7,506
7,899
Long-Term Debt
8,215
8,839
Deferred Income Taxes
1,950
1,898
Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities
2,131
2,127
Long-Term Lease Obligations
471
486
Underfunded Pension Benefit Obligation
296
316
Postretirement and Postemployment Benefit Obligation
128
133
Other Liabilities
1,369
1,439
Equity
Common Stock
627
627
Paid-in Capital
14,372
14,414
Retained Earnings
4,440
4,885
Accumulated Other Comprehensive Loss
(485)
(528)
18,954
19,398
Less: Common Stock Held in Treasury, at Cost
4,499
4,571
Total Equity
14,455
14,827
Total Liabilities and Equity
$ 36,521
$ 37,964
INTERNATIONAL PAPER COMPANY
Condensed Consolidated Statement of Cash Flows
Preliminary and Unaudited
(In millions)
Six Months Ended June 30,
2026
2025
Operating Activities
Net earnings (loss)
$ 48
$ (30)
Depreciation and amortization
977
1,051
Deferred income tax expense (benefit), net
(9)
(95)
Restructuring charges, net
32
122
Net (gains) losses on sales and impairments of businesses
(8)
(51)
Net (gains) losses on sales and impairments of assets
—
(67)
Periodic pension (income) expense, net
6
16
Other, net
37
(75)
Changes in operating assets and liabilities
Accounts and notes receivable
(303)
(211)
Contract assets
8
(53)
Inventories
29
28
Accounts payable
394
48
Other current liabilities
(182)
(347)
Other current assets
108
(148)
Cash Provided By (Used For) Operating Activities
1,137
188
Investment Activities
Capital expenditures
(1,050)
(752)
Acquisitions, net of cash acquired
(455)
419
Proceeds from divestitures, net of cash divested
1,083
138
Proceeds from sale of fixed assets
31
93
Proceeds from insurance recoveries
44
28
Other
(2)
36
Cash Provided By (Used For) Investment Activities
(349)
(38)
Financing Activities
Issuance of debt
92
349
Reduction of debt
(593)
(149)
Change in book overdrafts
(185)
99
Repurchases of common stock and payments of restricted stock tax withholding
(31)
(63)
Dividends paid
(490)
(488)
Other
(5)
(1)
Cash Provided By (Used for) Financing Activities
(1,212)
(253)
Effect of Exchange Rate Changes on Cash and Temporary Investments
(11)
68
Change in Cash and Temporary Investments
(435)
(35)
Cash and Temporary Investments
Beginning of the period
1,161
1,170
End of the period
$ 726
$ 1,135
INTERNATIONAL PAPER COMPANY
Reconciliation of Cash Provided by Operations to Free Cash Flow
Preliminary and Unaudited
(In millions)
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Cash Provided By (Used For) Operating Activities
$ 526
$ 476
$ 1,137
$ 188
Adjustments:
Capital expenditures
(533)
(422)
(1,050)
(752)
Free Cash Flow (non-GAAP)
$ (7)
$ 54
$ 87
$ (564)
Management uses free cash flow (a non-GAAP financial measure) in connection with managing our business and believes that free cash flow is useful to investors as a liquidity measure because it measures the amount of cash generated that is available, after reinvesting in the business, to maintain a strong balance sheet, pay dividends, repurchase stock, service debt and make investments for future growth. It should not be inferred that the entire free cash flow amount is available for discretionary expenditures. See the section titled Non-GAAP Financial Measures for the definition of free cash flow and the most directly comparable GAAP measure.
The preliminary non-GAAP financial measures presented in this release have limitations as analytical tools and should not be considered in isolation or as a substitute for an analysis of our results calculated in accordance with GAAP. In addition, because not all companies use identical calculations, the Company's presentation of preliminary non-GAAP financial measures in this release may not be comparable to similarly titled measures disclosed by other companies, including companies in the same industry as International Paper.
Management believes non-GAAP financial measures, when used in conjunction with information presented in accordance with GAAP, can facilitate a better understanding of the impact of various factors and trends on the Company's financial results. Management also uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company's performance. Investors are cautioned not to place undue reliance on the non-GAAP financial measures presented in this release.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- International Paper Chief Executive Officer Andy Silvernail will speak at Jefferies 2026 Industrials Conference on September 10, 2026. The presentation is scheduled to begin at 7:30 a.m. Eastern Time and will be followed by a question-and-answer session.
All interested parties are invited to listen to the webcast via the company's website by clicking on the Investors tab and going to the Events & Presentations page at https://www.internationalpaper.com/investors/events-presentations. A replay of the webcast will be available on the website approximately three hours after the presentation.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Key Takeaways IP is expected to post Q2 revenues of $6.17 billion and a loss of three cents per shareIP expects higher outage costs, while pricing gains are seen benefiting from the third quarter.IP acquired NORPAC in Q2 to boost mill flexibility, lower costs and expand operational capabilities. International Paper Company (IP - Free Report) is scheduled to report second-quarter 2026 results on July 30, 2026, before the opening bell.
The Zacks Consensus Estimate for IP’s second-quarter revenues is pegged at $6.17 billion, indicating an 8.8% decline from the year-ago reported figure.
The consensus estimate for International Paper’s earnings has moved down from a loss of two cents expected 60 days ago to the current expectation of a loss of three cents per share. The company had reported earnings of 20 cents per share in the year-ago quarter.
Image Source: Zacks Investment Research
IP’s Earnings Surprise HistoryInternational Paper’s earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being negative 93.4%.
Image Source: Zacks Investment Research
What the Zacks Model Unveils for International PaperOur model does not conclusively predict an earnings beat for IP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here, as you can see below.
IP’s Earnings ESP: International Paper has an Earnings ESP of -32.71%. You can uncover the best stocks before they are reported with our Earnings ESP Filter.
Zacks Rank of International Paper: The company currently has a Zacks Rank of 3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Likely to Have Shaped IP’s Q2 PerformanceInternational Paper's first-quarter 2026 performance reflected continued operational improvements, with higher converting run rates and ongoing footprint rationalization driving sequential cost savings. These improvements helped offset inflation and weather-related disruptions. Winter storm-related production disruptions led the company to defer certain maintenance activities to support inventory ahead of a heavier second-quarter outage schedule. The company expects maintenance outage expenses of around $214 million (majority being in the Packaging Solutions North America segment) in the second quarter, which is almost half of the projected $442 million for the year.
For the Packaging Solutions North America segment, second-quarter price and mix are expected to have improved, mainly due to a more favorable product mix. However, these gains are likely to have been partially offset by the impact of the $20-per-ton price reduction announced in February. Because of the normal lag in price realization, the $40-per-ton increase announced in March and the additional $30-per-ton increase in April are expected to benefit results beginning in the third quarter. Volume is expected to have improved sequentially, supported by seasonal demand and one additional shipping day.
We expect Packaging Solutions North America’s net sales to increase 4% sequentially to $3.77 billion. Compared with the year-ago quarter, it reflects a 2.2% dip.
Maintenance and outages are expected to have been higher sequentially as the second quarter is expected to have been roughly twice the normal outage schedule, which includes spending tied to the Riverdale conversion. However, input costs are expected to have had a positive impact due to favorable seasonal weather, partially offset by higher OCC and freight costs due to diesel prices. Factoring these in, the company expects adjusted EBITDA for Packaging Solutions North America in the range of $380-$410 million for the second quarter. Our model projects the segment’s adjusted EBITDA at $385.7 million, reflecting a 19% decline and a 25% year-over-year decline.
For Packaging Solutions EMEA, volumes are expected to have been higher sequentially, backed by improving conditions through the quarter. We expect the segment’s net sales to be $2.36 billion in the second quarter, indicating a 2% sequential increase and a 3% year-over-year increase.
However, the segment is likely to have experienced peak margin pressure as higher paper costs are recognized before packaging price increases are realized. Energy-driven paper cost inflation is being reflected immediately, while packaging pricing typically lags by three to six months, compressing margins in the near term.
Operations and costs in EMEA are expected to have been unfavorable due to higher distribution expenses across the supply chain and lower energy subsidies. Input costs are also projected to have increased, driven by higher OCC and energy prices. Based on these factors, management expects second-quarter adjusted EBITDA of $150-$170 million for the segment. Our model estimates adjusted EBITDA of $159 million, down 24% sequentially and 18% from the year-ago quarter.
During the quarter, International Paper acquired North Pacific Paper Company (“NORPAC”) for $360 million. The deal is in sync with International Paper's strategic transformation to maximize value creation for customers, shareholders and employees. NORPAC's facility complements IP's existing mill system, helping it increase system flexibility, reduce costs and expand capabilities. IP will gain from NORPAC's attractive customer base, location and operational capabilities.
International Paper Stock's Price PerformanceInternational Paper's shares have lost 24.1% in the past year compared with the industry's 10.9% decline.
Image Source: Zacks Investment Research
Stocks Poised to Beat EstimatesHere are some Basic Materials stocks, which, according to our model, have the right combination of elements to post an earnings beat in their upcoming releases.
Ternium (TX - Free Report) , scheduled to release second-quarter 2026 earnings on Aug. 4, has an Earnings ESP of +21.40% and a Zacks Rank of 1 at present.
The Zacks Consensus Estimate for earnings for Ternium for the second quarter of 2026 is pegged at $1.29 per share, suggesting an 0.8% year-over-year increase. TX has a trailing four-quarter average earnings surprise of 3.51%.
Avient (AVNT - Free Report) , scheduled to release second-quarter 2026 earnings on Aug. 6, has an Earnings ESP of +0.87% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for earnings for Avient for the second quarter of 2026 is 89 cents per share, indicating an 11.2% year-over-year increase. Avient has a trailing four-quarter average earnings surprise of 2.1%.
Materion (MTRN - Free Report) , scheduled to release second-quarter 2026 earnings on Aug. 5, has an Earnings ESP of +5.39% and a Zacks Rank of 2 at present.
The Zacks Consensus Estimate for Materion’s earnings for the second quarter of 2026 is pegged at $1.55 per share, indicating 13% growth from the year-ago quarter's reported figure. Materion has a trailing four-quarter average earnings surprise of 4.96%.
Americké akciové trhy rostou díky naději na obnovení rozhovorů mezi USA a Íránem a zmírnění napětí na Blízkém východě.
Širší index S&P 500 posiluje o 0,41 % na 7438,47 bodu a index Dow Jones si připisuje 0,56 % na 52002,68 bodu. Technologie však mírně zaostávají, technologický Nasdaq Composite odepisuje 0,07 % na 25120,91 bodu. Pozitivní náladu na trhu podporuje také úspěšný start výsledkové sezóny, v níž většina firem překonává očekávání ziskovosti.
V rámci jednotlivých odvětví indexu S&P 500 vykazují nejsilnější růst reality o 2,6 %, následované základními materiály s nárůstem o 1,2 % a nezbytnou spotřebou, která si připisuje 0,8 %. Na druhé straně zaznamenávají jen mírné zisky zbytná spotřeba, informační technologie i utility, které shodně přidávají 0,1 %.
Mezi nejsilnější individuální akcie se řadí Digital Realty Trust (DLR) s prudkým růstem o 14 %. Výrazně posiluje také SLB (SLB) o 10 %, Smurfit Westrock (SW) o 7,9 %, Equinix (EQIX) o 6,3 % a International Paper (IP), která si připisuje 6,2 %. Na opačné straně trhu po výprodejích v technologickém a dodavatelském sektoru klesá Coherent Corp (COHR) o 7,8 %. Nedaří se ani firmám Sandisk Corp (SNDK) a CH Robinson Worldwide (CHRW), které shodně odepisují 7,5 %, Lumentum Holdings (LITE) s poklesem o 6,9 % a Robinhood Markets (HOOD), jež oslabuje o 6,1 %.
Zprávy o možném uklidnění situace na Blízkém východě tlačí dolů ceny energií. Severoamerická lehká ropa WTI klesá o 4,2 % na 88,31 dolaru za barel. Spotové zlato naopak mírně posiluje o 0,4 % na 4064,95 dolaru za unci. Americký dolar vykazuje stabilní vývoj, když k euru zůstává téměř bez změny na 1,1379 dolaru, britská libra mírně roste o 0,1 % na 1,3333 dolaru a japonský jen drží úroveň 163,76 jenu za dolar. Pokles cen ropy zmírňuje obavy z inflace, což vede ke poklesu výnosů desetiletých amerických vládních dluhopisů o tři bazické body na 4,66 %. Bitcoin reaguje na celkový vývoj poklesem o 1,9 % na 63850,84 dolaru.
Index Dow Jones +0,56 % na 52002,68 b.
S&P 500 +0,41 % na 7438,47 b.
Nasdaq Composite -0,07 % na 25120,91 b.
Index S&P 500 +0,41 % na 7438,47 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Reality +2,6 % Zbytná spotřeba +0,1 % Základní materiály +1,2 % Informační technologie +0,1 % Nezbytná spotřeba +0,8 % Utility +0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Digital Realty Trust (DLR) +14 % Coherent Corp (COHR) -7,8 % SLB (SLB) +10 % Sandisk Corp (SNDK) -7,5 % Smurfit Westrock (SW) +7,9 % CH Robinson Worldwide (CHRW) -7,5 % Equinix (EQIX) +6,3 % Lumentum Holdings (LITE) -6,9 % International Paper (IP) +6,2 % Robinhood Markets (HOOD) -6,1 %
Daniel Marván, Fio banka, a.s.
Allspring Global Investments Holdings LLC lessened its holdings in shares of International Paper Company (NYSE:IP – Free Report) by 62.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,716 shares of the basic materials company’s stock after selling 540,570 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of International Paper worth $11,579,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in International Paper by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 64,357,913 shares of the basic materials company’s stock valued at $2,535,058,000 after buying an additional 310,834 shares in the last quarter. Capital International Investors increased its holdings in International Paper by 29.4% during the 4th quarter. Capital International Investors now owns 63,413,335 shares of the basic materials company’s stock worth $2,498,013,000 after purchasing an additional 14,422,616 shares in the last quarter. Capital Research Global Investors raised its stake in shares of International Paper by 0.4% in the 4th quarter. Capital Research Global Investors now owns 54,535,444 shares of the basic materials company’s stock valued at $2,148,154,000 after purchasing an additional 204,654 shares during the period. State Street Corp raised its stake in shares of International Paper by 1.3% in the 4th quarter. State Street Corp now owns 30,009,733 shares of the basic materials company’s stock valued at $1,182,083,000 after purchasing an additional 397,673 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of International Paper by 81.6% in the fourth quarter. Franklin Resources Inc. now owns 14,832,952 shares of the basic materials company’s stock valued at $584,270,000 after purchasing an additional 6,663,986 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.
International Paper Trading Up 4.8% Shares of International Paper stock opened at $38.10 on Thursday. International Paper Company has a 12-month low of $29.26 and a 12-month high of $56.13. The company has a market capitalization of $20.17 billion, a price-to-earnings ratio of -5.99 and a beta of 0.94. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. The firm’s 50-day moving average price is $35.31 and its two-hundred day moving average price is $37.98.
International Paper (NYSE:IP – Get Free Report) last released its earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). International Paper had a negative return on equity of 0.49% and a negative net margin of 13.42%.The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts forecast that International Paper Company will post 1.39 earnings per share for the current fiscal year.
International Paper Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, August 14th. International Paper’s dividend payout ratio (DPR) is presently -29.09%.
Analyst Ratings Changes Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on International Paper from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company raised their price target on shares of International Paper from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Seaport Research Partners upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Friday, May 1st. Citigroup increased their target price on shares of International Paper from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Finally, UBS Group cut their price objective on International Paper from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, International Paper has an average rating of “Moderate Buy” and a consensus price target of $44.31.
View Our Latest Analysis on International Paper
Insider Buying and Selling at International Paper In related news, Director Scott Tozier purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $31.30 per share, with a total value of $313,000.00. Following the acquisition, the director owned 10,025 shares of the company’s stock, valued at $313,782.50. This trade represents a 40,000.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.21% of the company’s stock.
International Paper Company Profile (Free Report)
International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.
Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.
Featured Articles Five stocks we like better than International Paper Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying Moog Is More Than a Missile Maker, and Wall Street Is Noticing A Boring Dividend Growth Strategy Becomes a Solid Defensive Play
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEB&D White Capital Company LLC Has $13.84 Million Stock Holdings in Avantis Emerging Markets Value ETF $AVES
NEXT HEADLINE »Fifth Third Bancorp Makes New $1.79 Million Investment in ServiceTitan Inc. $TTAN
California Public Employees Retirement System lifted its holdings in shares of International Paper Company (NYSE:IP – Free Report) by 17.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 833,401 shares of the basic materials company’s stock after buying an additional 123,127 shares during the period. California Public Employees Retirement System owned approximately 0.16% of International Paper worth $29,752,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. McIlrath & Eck LLC lifted its stake in International Paper by 452.6% during the 4th quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 525 shares during the period. MV Capital Management Inc. bought a new stake in shares of International Paper in the fourth quarter worth approximately $25,000. Ascentis Independent Advisors bought a new stake in shares of International Paper in the first quarter worth approximately $28,000. DV Equities LLC purchased a new position in shares of International Paper during the fourth quarter valued at approximately $29,000. Finally, Sound Income Strategies LLC raised its holdings in shares of International Paper by 94.0% during the fourth quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 344 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors.
Analyst Ratings Changes Several brokerages recently issued reports on IP. BNP Paribas Exane dropped their target price on shares of International Paper from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. JPMorgan Chase & Co. lifted their target price on shares of International Paper from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Truist Financial boosted their target price on shares of International Paper from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Seaport Research Partners raised International Paper from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Friday, May 1st. Finally, Citigroup raised their price target on International Paper from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.31.
Check Out Our Latest Stock Report on IP
International Paper Price Performance Shares of NYSE:IP opened at $36.36 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $19.25 billion, a PE ratio of -5.72 and a beta of 0.94. The firm’s 50 day moving average price is $35.19 and its 200-day moving average price is $37.98. International Paper Company has a twelve month low of $29.26 and a twelve month high of $56.13.
International Paper (NYSE:IP – Get Free Report) last announced its earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The business had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts expect that International Paper Company will post 1.39 EPS for the current year.
International Paper Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Friday, August 14th. International Paper’s dividend payout ratio (DPR) is currently -29.09%.
Insider Activity In other International Paper news, Director Scott Tozier acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $31.30 per share, with a total value of $313,000.00. Following the transaction, the director directly owned 10,025 shares in the company, valued at approximately $313,782.50. The trade was a 40,000.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.21% of the stock is currently owned by insiders.
About International Paper (Free Report)
International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.
Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.
Read More Five stocks we like better than International Paper Confidence Is Back, But Earnings Show the Consumer Is Being Picky AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative? 3 Photonics Companies Making Quantum Tech Possible Want to see what other hedge funds are holding IP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Company (NYSE:IP – Free Report).
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINECalifornia Public Employees Retirement System Has $29.67 Million Holdings in Nextpower Inc. $NXT
NEXT HEADLINE »Humana Inc. $HUM Shares Sold by California Public Employees Retirement System
Katherine Collins and Lori J. Ryerkerk to Join as Newest Board Members
Directors Dr. Kathryn Sullivan and Ahmet C. Dorduncu to Retire from Board at Year-End
, /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC) is pleased to announce that Katherine Collins and Lori J. Ryerkerk have been appointed to the company's Board of Directors, effective October 1, 2026.
Katherine Collins is an investment leader with more than three decades of experience in asset management, sustainable investing, research leadership and nonprofit governance. She most recently served as the first Head of Sustainable Investing at Putnam Investments, where she built the firm's sustainable investment platform into a top 10 U.S. sustainable asset manager with more than $10 billion in assets. Earlier in her career, she held senior investment roles at Fidelity, including leading equity research for more than $500 billion in U.S. equity mutual fund assets and managing multi-billion-dollar portfolios. She is also the founder and CEO of Honeybee Capital Foundation, author of The Nature of Investing, a CFA charterholder and an active nonprofit board leader. Collins holds a master's degree in theological studies from Harvard Divinity School and a bachelor's degree with honors in economics and Japanese studies from Wellesley College.
Lori J. Ryerkerk is an executive and board leader with more than four decades of experience across the global energy, chemicals and specialty materials sectors. She most recently served as Chairman, President and CEO of Celanese Corporation, where she led the company through significant transformation, including the $11 billion acquisition of DuPont's Mobility & Materials business and major sustainability initiatives. Earlier in her career, she held senior global manufacturing and operations leadership roles at Shell, Hess and ExxonMobil, with responsibility for refining, chemical manufacturing, safety, operational performance and downstream strategy. She currently serves on the boards of Norfolk Southern, Cencora and Eaton and holds a Bachelor of Science in Chemical Engineering from Iowa State University.
IP CEO and Chairman of the Board Andy Silvernail said, "Lori and Katherine each bring exceptional leadership experience and a proven ability to help guide organizations through complexity and change. Lori brings deep operational expertise and public company leadership experience, while Katherine brings a distinguished investment background and thoughtful governance perspective. The strategic insight and experience they each offer will strengthen our Board and support the company's continued transformation."
In addition, two directors plan to retire from serving on IP's board of directors at the end of 2026: Dr. Kathryn Sullivan, who has served on the IP board since 2017, and Ahmet Dorduncu, who has served on the IP board since 2011.
Silvernail shared, "I would also like to thank Kathy and Ahmet for their service and the many contributions they have made to International Paper throughout their time on our Board and wish them all the best in their future endeavors."
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
Anglogold Ashanti PLC (NYSE:AU)International Paper Co (NYSE:IP)Amcor PLC (NYSE:AMCR)Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
Action reflects continued efforts to strengthen the company's North America packaging network
, /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), a leader in sustainable packaging, today announced it will close its Carrollton South packaging facility located in Carrolton, Texas by the end of the third quarter of 2026. The decision is part of the company's ongoing work to align its manufacturing footprint with customer demand and strengthen the long-term competitiveness of its North America packaging business.
International Paper regularly evaluates its network to ensure resources are allocated to deliver the greatest value to customers. This action is consistent with that disciplined, long-term strategy.
"Decisions that affect our people and our communities are never made lightly. We're committed to supporting our Carrollton South team members throughout this transition," said Keith Townsend, Group Vice President, North America Packaging East, International Paper. "Customers will be serviced at other International Paper facilities in the region."
Employees affected by the closure will receive severance, continued benefits and outplacement support.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "intend," "aim," "may," "will," "expect," and "plan" or similar expressions. These forward-looking statements reflect management's current views and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. These risks and uncertainties include the risk of the Company's ability to achieve the desired outcome and realize the anticipated benefits from its strategic transformation initiatives, including the closure of the Carrollton South, Texas box plant. These forward-looking statements are also subject to the risks and uncertainties contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission ("SEC") on February 27, 2026, and subsequent reports filed with the SEC. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this press release, whether as a result of new information, future events or changes in expectations.
, /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), today declared a quarterly dividend of $0.4625 per share for the period from July 1, 2026, to September 30, 2026, inclusive, on the common stock, par value $1.00, of the Company, payable on September 15, 2026, to holders of record at the close of business on August 14, 2026.
Today, the Company also declared a quarterly dividend of $1.00 per share for the period from July 1, 2026, to September 30, 2026, inclusive, on the cumulative $4.00 preferred stock of the Company, payable on September 15, 2026, to holders of record at the close of business on August 14, 2026.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
, /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC) proactively decided to temporarily suspend operations at its Pine Hill, Ala., mill after a weather event damaged a critical roof at the facility. International Paper values the safety of its employees and contractors above all else and took this action out of an abundance of caution.
The company is assessing required repairs and currently expects to resume manufacturing in August. The company is also working closely with customers to manage any potential impacts and appreciates the support of its employees, customers and stakeholders while working through this process safely.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "expects," "anticipates," "believes," "estimates," "could," "should," "can," "may," "will," "remain," "confident," "commit" and "plan" or similar expressions. All statements in this news release regarding the temporary closure of our Pine Hill, Alabama mill due to severe weather, including our expected timeline for resuming operations, potential impact, if any, to our ability to service customers or potential impact, if any, to our financial results and operations are forward-looking statements.
These forward-looking statements reflect management's current views and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. Forward-looking statements should, therefore, be construed in light of such risk factors as described in our Annual Report on Form 10-K for the year ended December 31, 2025 as filed with the U.S. Securities and Exchange Commission on February 27, 2026.
Key Takeaways International Paper plans to close its Aurora, IL, sheet plant and convert plants by Q3 2026.IP will halt preprint operations at its Richwood, KY, facility as part of its streamlining strategy.IP will shift affected customers to nearby facilities while focusing on higher-value investments. International Paper Company (IP - Free Report) announced plans to shut down its Aurora, IL, sheet plant, as well as its converting plants in Elk Grove, CA and Barrington, NJ, by the end of the third quarter 2026. The company will also halt its preprint operations at its Richwood, KY facility.
This move is in sync with IP’s strategy to boost its cost position, increase capacity and better serve customers across North America. The company is committed to streamlining its operations and focusing investments on the highest-value opportunities.
International Paper will transition customers affected by the closures to nearby facilities within each region.
IP’s Portfolio Transformation and Strategic ResetIn 2025, International Paper went through a transformation to simplify its portfolio, sharpen its regional focus and boost earnings. This included the integration of the DS Smith acquisition, which was completed in January 2025. The move created a new global leader in sustainable packaging solutions focused on the North America and EMEA markets.
The company also completed the sale of the Global Cellulose Fibers business in January 2026, received $1.1 billion in net proceeds and paid down $660 million of debt in the first quarter. These actions narrow the company’s focus toward packaging, where management is allocating capital to commercial execution, network reliability and cost reduction.
In early June, the company announced that it had acquired North Pacific Paper Company, a portfolio company of One Rock Capital Partners. The deal is in sync with International Paper's strategic transformation to maximize value creation for customers, shareholders and employees.
Last month, International Paper announced the acquisition of Delmarva Corrugated Packaging in Dover, DE. The transaction is set to expand International Paper’s footprint across the expanding East Coast market.
International Paper’s Q1 PerformanceIP posted adjusted operating earnings of 15 cents per share for the first quarter of 2026, missing the Zacks Consensus Estimate of 18 cents by 16.7%. The figure declined 11.8% from earnings of 17 cents a year ago.
Net sales were $5.97 billion, rising 13.4% year over year but missing the consensus mark of $6.05 billion by 1.2%.
IP Stock's Price PerformanceInternational Paper's shares have lost 18.9% in the past year compared with the industry's 6.3% decline. During this time, the Basic Materials sector has jumped 28.1%, whereas the S&P 500 has grown 23.5%.
Image Source: Zacks Investment Research
International Paper’s Zacks Rank & Stocks to ConsiderThe Zacks Consensus Estimate for Dow's current-year earnings is pegged at $2.61 per share, indicating a 377% year-over-year surge. Dow’s shares have gained 13.6% in a year.
Albemarle has an average trailing four-quarter earnings surprise of 74.5%. The Zacks Consensus Estimate for the company’s 2026 earnings is pegged at $12.45 per share, indicating year-over-year growth from a loss of 79 cents. ALB shares have skyrocketed 124% so far this year.
Avino Silver has an average trailing four-quarter earnings surprise of 125%. The Zacks Consensus Estimate for Avino Silver’s 2026 earnings is pegged at 39 cents per share, indicating 34.5% year-over-year growth. Its shares have surged 62.7% in a year.
Portfolio changes position the company to better serve customers and support long-term growth
, /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), a leader in sustainable packaging, today announced strategic actions that aim to optimize its network, focus investments on the highest-value opportunities and better serve customers across North America. As a result, the company plans to cease its preprint operations at its Richwood, KY facility, and close its Aurora, IL sheet plant and converting plants in Elk Grove, CA and Barrington, NJ by the end of the third quarter 2026.
The decision reflects International Paper's ongoing strategy to strengthen its cost position, increase capacity, and provide customers with the highest quality sustainable packaging solutions.
"These are difficult but necessary decisions that strengthen our network, focus investments where they create the greatest value and position International Paper to better serve customers and compete for the long term. We are grateful to the employees affected and are committed to supporting them through this transition and ensuring a seamless experience for our customers," said Tom Hamic, Executive Vice President and President, Packaging Solutions North America, International Paper.
International Paper will support impacted employees with outplacement assistance, severance and benefits. The company expects to transition affected customers to other facilities within each region to ensure continuity of supply.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "intend," "aim," "may," "will," "expect," and "plan" or similar expressions. These forward-looking statements reflect management's current views and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. These risks and uncertainties include the risk of the Company's ability to achieve the desired outcome and realize the anticipated benefits from its strategic transformation initiatives. These forward-looking statements are also subject to the risks and uncertainties contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission ("SEC") on February 21, 2026, and subsequent reports filed with the SEC. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this press release, whether as a result of new information, future events or changes in expectations.
On June 24, 2026, International Paper Co (IP) shares rose 4.8% to a current price of $38.30. The stock has experienced notable volatility, with a 52-week range
ATLANTA--(BUSINESS WIRE)--Fish & Richardson has launched FishStream AI, a proprietary artificial intelligence-assisted legal technology tool designed to enhance patent prosecution workflows. Built entirely in-house, FishStream AI integrates advanced, enterprise-grade AI with Fish’s deep patent and technical knowledge to deliver stronger, more strategic outcomes for clients’ intellectual property (IP) portfolios.
“FishStream AI is designed to capitalize on the experience of our world-class IP professionals,” said Fish Principal Tracy Hitt, who developed the tool. “It provides a logical starting point built on our institutional knowledge and followed by a non-negotiable human-in-the-loop approach that integrates attorney experience and judgment, with a focus on delivering excellent value to clients.”
Built for patent-specific workflows
FishStream AI reflects Fish’s deliberate, targeted approach to AI adoption, focusing on use cases where workflows shaped by the knowledge of the firm’s world-class IP professionals can streamline foundational tasks and allow attorneys to focus on more strategic work.
Key capabilities include:
Office action analysis, identifying claim limitations at issue, summarizing the examiner’s rejection, highlighting potential weaknesses, and proposing counterarguments or amendment options for attorney review. Alice rejection support, applying the Alice framework and generating draft responses for attorney refinement. Application drafting support, organizing inventor materials, summarizing inventions and novel features, suggesting follow‑up questions, and proposing independent claims to help attorneys assess strategy and next steps. Elevating patent prosecution through AI-driven analysis
FishStream AI enhances patent prosecution by transforming how attorneys analyze complex technical and legal materials. The platform synthesizes prior art, office actions, and related documents into structured outputs that streamline early-stage review and issue identification, allowing attorneys to focus on strategic work such as claim development and response planning. In complex matters, it further strengthens precision by cross-referencing claim elements against cited references, surfacing key distinctions, and generating claim charts to support attorney review, thereby providing a strong starting point for focused, defensible patent positions.
Designed with security and responsibility at the core
FishStream AI operates entirely within Fish’s secure enterprise environment, with strict safeguards to protect sensitive client information . The platform is designed to augment attorney capabilities while maintaining a human-in-the-loop approach, ensuring that legal judgment, strategy, and final work product remain firmly in the hands of Fish professionals.
“Staying at the leading edge of technology is critical to how we serve clients, but innovation only matters if it’s applied responsibly,” said Hitt. “With FishStream AI, we’re pairing advanced AI capabilities with careful oversight and attorney judgment to drive stronger results and greater value for our clients.”
About Fish & Richardson
Fish & Richardson is the leading intellectual property law firm, trusted by visionaries across eras to protect their IP since our founding in 1878. Our IP litigation, prosecution, and post-grant experience is unmatched across venues and prosecution needs. We touch more PTAB cases, IP appeals, and utility patents than anyone else, and no national firm handles more district court patent cases. Our 400+ attorneys and technology specialists — many of whom are also scientists — put that experience to work for worldwide innovators from our 15 locations in the U.S., Germany, and China. We plan today’s IP strategy with tomorrow in mind and distill our vast technical and legal knowledge to resonate with business leaders and juries. For more information, visit fr.com or follow us on LinkedIn, Facebook, and X.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC) will release second-quarter 2026 earnings on July 30, 2026, 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 by clicking on the Investors tab and going to the Events & Presentations page at https://www.internationalpaper.com/investors/events-presentations. A replay of the webcast will also be on the website beginning approximately two hours after the call.
Parties who wish to participate in the webcast via teleconference may dial +1 646-307-1963 or, within the U.S. only, 800-715-9871 and ask to be connected to the International Paper second-quarter earnings call. The conference ID number is 4090753. Participants should call in no later than 9:45 a.m. ET (8:45 a.m. CT). An audio-only replay will be available for ninety days following the call. To access the replay, dial +1 609-800-9909 or, within the U.S. only, 800-770-2030, and when prompted for the conference ID, enter 4090753.
About International Paper (NYSE: IP; LSE: IPC)
International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2026) - ImagineAR Inc. (CSE: IP) (the "Company" or "ImagineAR"), a developer of augmented reality technology, is pleased to announce that a holder of previously issued convertible debentures on the Company in the aggregate principal amount of $170,893.33 has agreed to settle the outstanding debt through the issuance of common shares. Under this shares for debt settlement transaction, the Company has agreed to issue an aggregate 34,715,582 common shares at a deemed price of $0.005 per common share, settling a total of $173,577.91 in outstanding debt (including accrued interest).
Managing intellectual property more efficiently with leading data and expertise
, /PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, announced today that Mitsubishi Fuso Truck and Bus Corporation has selected IPfolio as its intellectual property (IP) management solution. IPfolio provides Mitsubishi Fuso with a modern, scalable foundation for IP management, bringing together trusted data, expert support, and integrated services in a single platform. This will enable greater operational confidence and clearer, more informed decision-making across the IP lifecycle.
Kenichi Matsuura, Expert, Intellectual Property, Advanced Engineering, Product Engineering, Mitsubishi Fuso, said: "We have implemented Clarivate's IPfolio to accelerate our IP digital transformation and strengthen our framework for efficient IP management. By centrally managing patents, trademarks, and other IP information on the cloud, IPfolio enables cross-functional visibility across individual matters. In addition, features such as IP Sync for data synchronization and integrated annuity and renewal management with our annuity service providers help streamline our IP management processes. With this system, we will enhance strategic utilization of intellectual property, enable faster decision-making, and advance our IP-driven digital transformation."
With IPfolio, Mitsubishi Fuso will be able to automatically verify and enrich its data with trusted Derwent patent data, improving data accuracy and significantly reducing time spent on manual data verification. The solution enables intuitive data visualization and information sharing through dashboards and reporting, providing stakeholders with immediate portfolio visibility and insight. IPfolio also supports ongoing configuration while the system is live, allowing changes to be implemented seamlessly and in phases.
Simon Webster, President, Intellectual Property, Clarivate, said: "We're proud to deepen our partnership with Mitsubishi Fuso through their selection of IPfolio and expanded use of Derwent. Together, these solutions give their IP team a unified, modern platform, reducing operational complexity while ensuring decisions are grounded in highly accurate, trusted data."
The implementation will be supported by Clarivate teams based in Japan.
About Clarivate
Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
Media Contact:
Jack Wan, Director, External Communications
[email protected]
Net sales were $5.97 billion versus the $6.01 billion analyst estimate.Diluted EPS from continuing operations was $0.14 versus the $0.12 analyst estimate.Adjusted EBITDA from continuing operations was $677 million; estimated margin was 11.3%.Operating cash flow was $611 million; free cash flow was $94 million.Received $1.1 billion net proceeds from Global Cellulose Fibers sale; paid down $660 million of debt.Packaging Solutions North America posted $248 million operating profit; EMEA recorded a $51 million operating loss.Net special items were a $19 million after-tax charge, or $0.04 per diluted share.On April 30, 2026, International Paper Co IP released its 8-K filing detailing first quarter 2026 results. The company reported net sales of $5.97 billion and diluted EPS from continuing operations of $0.14 for the quarter ended March 31, 2026. Revenue was modestly below consensus, and earnings per share exceeded expectations.
International Paper manufactures packaging products and cellulose fibers. It accounts for roughly one-third of the North American corrugated packaging market. The company also has a substantial presence in Europe following its acquisition of DS Smith. International Paper serves a variety of end markets, including industrial, consumer products, and manufacturing.
Quarter highlights and how they stack up to expectations Net sales were $5.97 billion. This was below the quarterly revenue estimate of $6.01 billion. Diluted earnings per share from continuing operations were $0.14. This was above the quarterly EPS estimate of $0.12.
Year over year, net sales increased from $5.26 billion in Q1 2025 to $5.97 billion in Q1 2026. GAAP earnings from continuing operations improved from a loss of $124 million to a profit of $76 million. Adjusted operating EPS was $0.15 compared with $0.17 a year ago. Sequentially, adjusted operating EPS improved from $(0.08) in Q4 2025 to $0.15 in Q1 2026.
“This quarter, we delivered meaningful progress across the business. In North America, our commercial actions are gaining traction and helping us outgrow the market, while we advance cost-out efforts and make solid gains in mill and box plant productivity. In EMEA, we're accelerating commercial and cost initiatives while a small core team is focusing on the planned separation,” said International Paper Chairman and CEO Andy Silvernail. “We still have work to do to improve consistency and reliability, but the primary pressures this quarter came from a tougher macro environment, including ongoing inflation and the severe winter storm.”Operating performance and segment trends Adjusted EBITDA from continuing operations was $677 million. This compared with $689 million in Q1 2025. It compared with $758 million in Q4 2025. Based on reported sales, the estimated adjusted EBITDA margin was 11.3% in Q1 2026. The margin was approximately 13.1% in Q1 2025. The margin was approximately 12.6% in Q4 2025. The margin pressure reflects higher operating and input costs, including natural gas and utilities tied to a severe winter storm.
Packaging Solutions North America posted segment operating profit of $248 million. This was down from $319 million in Q4 2025. Management cited seasonally lower volumes and higher operating and input costs, partially offset by lower planned maintenance costs and better productivity. Packaging Solutions EMEA recorded a segment operating loss of $51 million. This was an improvement from a $223 million operating loss in Q4 2025, aided by higher volumes, improved packaging margins and lower planned maintenance costs, partly offset by lower paper prices and slightly higher energy costs.
Key quarterly figures (in millions, except per-share) Q1 2026 Q4 2025 Q1 2025 Net sales $5,971 $6,006 $5,264 Earnings (loss) from continuing operations $76 $(2,363) $(124) Diluted EPS from continuing operations $0.14 $(4.48) $(0.28) Adjusted operating EPS $0.15 $(0.08) $0.17 Adjusted EBITDA (continuing ops) $677 $758 $689 Cash provided by operating activities $611 $905 $(288) Free cash flow $94 $255 $(618)Q1 2026 segment snapshot (in millions) Segment Net sales Operating profit (loss) Packaging Solutions North America $3,626 $248 Packaging Solutions EMEA $2,323 $(51) Corporate & Inter-segment $22 —Cash flow, balance sheet and special items Cash provided by operating activities was $611 million. This compared with $(288) million in Q1 2025. Free cash flow was $94 million. This compared with $(618) million in Q1 2025.
International Paper Co IP closed the sale of its Global Cellulose Fibers business, generating $1.1 billion in net proceeds. The company used $660 million to reduce debt. This deleveraging supports financial flexibility and may reduce interest expense sensitivity, an important consideration for capital-intensive packaging operations.
Net special items in continuing operations were a net after-tax charge of $19 million, or $0.04 per diluted share. Items included severance and other costs, PS EMEA separation costs, and gains/losses on asset sales and other items.
Why it matters for value and income investors For a cyclical Packaging & Containers company, converting earnings into cash and maintaining disciplined capital allocation are critical. The swing from negative operating cash flow a year ago to $611 million this quarter, alongside debt reduction, strengthens the company’s ability to fund maintenance capex and dividends through economic cycles. At the same time, adjusted EBITDA trends and segment profitability highlight sensitivity to input costs and weather-related disruptions, key variables for margins in containerboard and box making.
North America remains the earnings anchor, but the EMEA sequential improvement indicates traction on commercial and cost measures. Sustaining margin recovery will depend on execution in mills and box plants and on managing energy and logistics costs, which are major cost drivers in this industry.
GuruFocus Valuation Check Based on GuruFocus’ proprietary GF Value framework, International Paper Co IP appears undervalued. The GF Value is $41.41 while the current price is $33.58. This implies the shares are 18.9% undervalued relative to estimated fair value.
The GF Score is 71/100, which indicates above-average overall potential when balancing value, quality, and momentum factors. Financial Strength is 5/10, suggesting a middle-of-the-road balance sheet profile, consistent with a capital-intensive sector. Profitability ranks 6/10, reflecting stable earnings power. Growth ranks 3/10, signaling modest expansion prospects and underscoring the importance of cost discipline and cash generation. Predictability is 1 star, which means historical results have shown variability.
The Moat Score stands at 6/10, aligning with scale advantages in corrugated packaging. Insider activity shows insiders bought $4.0 million in the last 3 months with no selling, a constructive signal that can align management’s incentives with shareholders. For a deeper dive, visit the International Paper Co stock page on GuruFocus.
Explore the complete 8-K earnings release (here) from International Paper Co for further details.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
