Welcome to our dedicated page for International Paper news (Ticker: IP), a resource for investors and traders seeking the latest updates and insights on International Paper stock.
International Paper reports developments in corrugated packaging, with operating updates centered on Packaging Solutions North America and Packaging Solutions EMEA. News releases cover quarterly and annual results, sales volumes, pricing, packaging margins, planned maintenance, cash flow, and non-GAAP measures such as adjusted EBITDA and free cash flow.
Company updates also address its completed acquisition of DS Smith, the completed sale of the Global Cellulose Fibers business, debt reduction, manufacturing footprint decisions, customer service capabilities, and executive presentations on market conditions. The coverage reflects a packaging company whose disclosures emphasize containerboard and box-plant operations, EMEA integration, capital allocation, and restructuring charges.
International Paper (NYSE: IP) announced a quarterly dividend of $0.4625 per share for the period from July 1, 2024, to September 30, 2024, on its common stock, payable on September 16, 2024, to shareholders of record as of August 15, 2024.
The company also declared a quarterly dividend of $1.00 per share for the same period on its cumulative $4.00 preferred stock, also payable on September 16, 2024, to holders of record on August 15, 2024.
In celebration of National Forest Week, International Paper (IP) and the National Fish and Wildlife Foundation (NFWF) highlight their collaborative efforts to maintain healthy forests in the Southeast. Their Forestland Stewards Partnership, in collaboration with the U.S. Forest Service (USFS), focuses on restoring longleaf pine habitats and supporting wildlife. This partnership funds projects that enhance National Forests, create wildlife corridors, and reduce wildfire risks. A notable success includes the recovery of the red-cockaded woodpecker in South Carolina's Francis Marion National Forest, thanks to coordinated conservation efforts. The initiative also supports controlled burns and habitat restoration on private lands, fostering healthier ecosystems and safer communities.
International Paper (NYSE: IP) will release its second-quarter 2024 earnings on July 24, 2024, before the New York Stock Exchange opens. The company plans a webcast to discuss the results and current market conditions at 10 a.m. ET, accessible via their website. A replay will be available two hours after the call. Interested parties can join the webcast by dialing specific numbers, with an audio-only replay accessible for ninety days post-call.
The boards of International Paper and DS Smith have announced the expiration of the waiting period under the Hart-Scott-Rodino Act for their proposed combination. This removal of the legal barrier is a significant step forward in the merger process. The combination is still subject to regulatory clearance from the European Commission and court approval. Both companies expect the merger to be finalized in the fourth quarter of 2024. This announcement follows the initial announcement made on April 16, 2024. Completion of the merger will be governed by the terms set out in a forthcoming Scheme Document, which shareholders are advised to review carefully.
Further enquiries can be directed to representatives from both International Paper and DS Smith, as well as their respective financial and PR advisers.
International Paper highlights the important role of Occupational Health Nurses (OHNs) in maintaining safety at their facilities. OHNs like Stanley Coppola and Angela Conlay leverage their medical expertise to educate, prevent injuries, and promote wellness among employees. The company emphasizes community values, regular safety meetings, and health fairs to connect team members with local health services. This initiative reflects IP’s long-term dedication to safety and community well-being.
International Paper (IP) has highlighted the importance of sustainable packaging in its latest report. The focus is on transitioning from single-use packaging to a circular economy that emphasizes the reuse and recycling of materials. IP, with over 125 years of history, has been a pioneer in fiber-based products, initially revolutionizing the newspaper industry.
The company's containerboard mills convert trees into pulp and paper, creating renewable resources. The report analyzes the challenges and benefits of using a mix of recycled and virgin fibers versus relying solely on 100% recycled materials. This approach aims to extend the lifecycle of fiber-based packaging while balancing sustainability and functionality.
On May 22, 2024, International Paper (NYSE: IP) announced the election of Jamie A. Beggs and Scott A. Tozier to its Board of Directors, effective May 21, 2024. Additionally, Ilene S. Gordon retired from the Board due to personal and health reasons.
Beggs, a seasoned financial executive, is currently Senior Vice President and CFO of Avient Tozier, a strategic advisor and former CFO at Albemarle , brings extensive financial and M&A experience. Both will join the Audit and Finance Committee and the Public Policy and Environment Committee.
These changes leave the IP Board with 11 directors, nine of whom are independent. Clinton A. Lewis, Jr. was named chair of the Governance Committee.
International Paper has released its 2023 Sustainability Report, highlighting progress towards its Vision 2030 sustainability goals. The report details initiatives and achievements in sustainable resource management, renewable fiber-based solutions, and contribution to a low-carbon, circular economy. It includes reporting against the Sustainability Accounting Standards Board (SASB) disclosures and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. Additionally, IP has responded to the Carbon Disclosure Project's (CDP) Climate Change, Forest, and Water Security questionnaires to transparently showcase risks and opportunities in these important areas.
International Paper (IP) has published its 2023 Sustainability Report, highlighting progress on its Vision 2030 goals and adherence to the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) standards.
The report, released on May 16, 2024, underscores IP's commitment to sustainable management of natural resources, enhancing renewable fiber-based solutions, and promoting a low carbon, circular economy. The company has also responded to the Carbon Disclosure Project's (CDP) Climate Change, Forest, and Water Security questionnaires, aiming for transparent disclosure of sustainability risks and opportunities.
Sophie Beckham, Vice President and Chief Sustainability Officer, reaffirmed IP's dedication to these goals, which have been a part of its 125-year history.
International Paper (NYSE: IP) announced a quarterly dividend of $0.4625 per share for common stock, covering the period from April 1, 2024, to June 30, 2024. The dividend is payable on June 14, 2024, to shareholders of record by May 24, 2024.
The company also declared a $1.00 per share dividend for its cumulative $4.00 preferred stock for the same period, also payable on June 14, 2024, to shareholders of record by May 24, 2024.