International Paper Co Stock Price, News & Analysis

International Paper (NYSE: IP) announced leadership changes including the retirement of Greg Wanta, senior VP of North American Container, after 31 years. Tom Hamic takes over as senior VP, North American Container, while Jay Royalty and Clay Ellis step into senior VP roles in Containerboard and Global Cellulose Fibers, respectively. Aimee Gregg and Allison Magness have been elected to the leadership team as senior VPs of Supply Chain and Manufacturing. CEO Mark Sutton emphasized that these appointments enhance agility and strengthen customer service and growth initiatives.

International Paper (NYSE: IP) will announce its fourth-quarter and full-year 2022 earnings on January 31, 2023, before the NYSE opening. A webcast to discuss the earnings and market conditions will start at 10:00 a.m. ET.

The company also revealed earnings dates for 2023: April 27 for Q1, July 27 for Q2, and October 26 for Q3. International Paper is a global provider of renewable fiber-based products, generating $19.4 billion in net sales in 2021, with operations across multiple regions including North America and Europe.

International Paper (NYSE: IP) Chairman and CEO Mark S. Sutton will present at the Citi 2022 Basic Materials Virtual Conference on November 30, 2022, starting at 8:45 am ET. The event includes a question and answer session, and interested individuals can view the presentation live via International Paper's website. A replay will be available three hours after the live event. International Paper, headquartered in Memphis, Tenn., reported net sales of $19.4 billion in 2021 and employs around 38,000 employees globally.

International Paper reported its third quarter 2022 results, revealing net earnings of $951 million ($2.64 per diluted share), marking an increase from $511 million in Q2 2022. Adjusted operating earnings were $364 million ($1.01 per diluted share), down from $459 million in the previous quarter. The revenue grew 10% year-over-year due to strong price realization, with cash operations at $435 million. Despite macroeconomic challenges and higher costs, the company returned $434 million to shareholders. CEO Mark Sutton highlighted ongoing demand stabilization and a focus on cost reduction initiatives.

Aimee Gregg, Vice President of Containerboard at International Paper, has been appointed to the National Association of Manufacturers (NAM) Board of Directors as of October 12, 2022. This role aims to enhance policy advocacy, workforce solutions, and operational excellence within the manufacturing sector. Gregg expressed her commitment to advocating for the 12.8 million manufacturing workers in the U.S. The NAM represents over 14,000 members, focusing on improving industry competitiveness and addressing economic challenges like supply chain issues and workforce shortages.

International Paper (NYSE: IP) declared a quarterly dividend of $0.4625 per share for common stock, payable on December 15, 2022, to shareholders on record as of November 15, 2022. Additionally, a dividend of $1.00 per share for the cumulative preferred stock is also declared for the same period, with the same payment date. The company's net sales in 2021 were $19.4 billion. International Paper specializes in renewable fiber-based products and operates globally, employing approximately 38,000 colleagues.

International Paper Company (NYSE: IP) announced the pricing terms for a cash tender offer for up to $497.658 million of various outstanding notes. The offer includes notes with rates ranging from 4.350% to 8.700%, with the total consideration based on fixed spreads over the yield of U.S. Treasury securities. Holders of validly tendered notes by the early deadline on September 23, 2022, will receive total consideration plus accrued interest. The early settlement date is expected on September 27, 2022.

International Paper (NYSE: IP) plans to announce its third-quarter earnings on October 27, 2022, prior to the NYSE opening. A webcast discussing the earnings and current market conditions will start at 10:00 a.m. ET. Participants can join via the company's website or by calling in. The company, headquartered in Memphis, Tenn., reported net sales of $19.4 billion for 2021 and is a key player in renewable fiber-based products, manufacturing across North America, Latin America, North Africa, and Europe.

International Paper Company (NYSE: IP) announced early tender results for its cash tender offer, increasing the aggregate maximum amount from $400 million to $497.658 million. As of September 23, 2022, a total of $1.241 billion in principal amount of notes was validly tendered. The offer includes various series of notes due between 2023 and 2048. Due to high demand exceeding the new limit, only notes with acceptance priority levels 1 through 10 will be purchased, with settlement expected on September 27, 2022.