Welcome to our dedicated page for International Paper Co news (Ticker: IP), a resource for investors and traders seeking the latest updates and insights on International Paper Co stock.
International Paper (IP) is a global leader in renewable fiber-based packaging, pulp, and paper solutions serving industries worldwide. This news hub provides investors and stakeholders with authoritative updates on corporate developments directly impacting the packaging sector.
Access timely announcements including quarterly earnings, sustainability initiatives, operational expansions, and leadership updates. Our curated collection features press releases on product innovations, recycling advancements, and strategic partnerships that shape IP's market position.
Key coverage areas: financial performance disclosures, manufacturing capacity changes, environmental stewardship programs, and supply chain developments. Bookmark this page for verified updates on IP's progress in sustainable packaging solutions and global market strategies.
International Paper (NYSE: IP) has initiated a cash tender offer for up to $400 million of its outstanding debt securities, which include various notes due between 2023 and 2048. This announcement, made on September 12, 2022, reveals the company’s focus on managing its debt structure. The offer will expire on October 7, 2022, unless extended, with an early tender deadline set for September 23, 2022. The maximum purchase amount is categorized into 16 different note issues, prioritizing acceptance based on specified conditions.
International Paper (NYSE: IP) reported strong second quarter 2022 results with net earnings of $511 million ($1.38 per diluted share), up from $360 million in Q1 2022 and $432 million in Q2 2021. Adjusted operating earnings reached $459 million ($1.24 per diluted share), compared to $288 million in Q1 2022 and $325 million in Q2 2021. Year-over-year revenue grew 13% to $5,389 million. The company returned $565 million to shareholders, enhancing confidence in its financial stability amid rising input costs and supply chain challenges.
International Paper (NYSE: IP) declared a quarterly dividend of $0.4625 per share for the period of July 1, 2022, to September 30, 2022, payable on September 15, 2022. Shareholders of record must hold their shares by the close of business on August 15, 2022. Additionally, a regular quarterly dividend of $1.00 per share on the cumulative preferred stock was also announced for the same period, with identical payment terms. International Paper is a major supplier of renewable fiber-based products, with net sales reaching $19.4 billion in 2021.
International Paper (NYSE: IP) will announce its second-quarter earnings on July 28, 2022, prior to NYSE opening. A webcast is scheduled at 10 a.m. ET to discuss the earnings and market conditions. Interested parties can access the presentation via the company’s website. The company reported net sales of $19.4 billion in 2021 and employs approximately 38,000 people globally, manufacturing corrugated packaging products and pulp for personal care products.
Always and International Paper are collaborating to address period poverty in the U.S. ahead of Menstrual Hygiene Day on May 28. They hosted an event in Washington D.C. to support Congresswoman Grace Meng’s Menstrual Equity for All Act, which aims to provide free period products in schools. Since 2018, Always has donated over 160 million period products globally. Awareness efforts include partnering with activist Jameela Jamil. The bill, if passed, would ensure greater access to essential period products for students nationwide.
International Paper (NYSE: IP) announced the retirement of Sharon R. Ryan, Senior Vice President and General Counsel, effective June 30, 2022. Ryan served the company for 34 years, playing a crucial role in various legal capacities, notably in ethics and compliance. Joseph R. Saab will succeed her as Senior Vice President, General Counsel, and Corporate Secretary starting July 1, 2022. Saab has been with the company since 2001 and has held multiple significant positions, bringing extensive legal expertise to his new role.
International Paper (NYSE: IP) has declared a quarterly dividend of $0.4625 per share for the period from April 1, 2022 to June 30, 2022, payable on June 15, 2022. The record date for this dividend is May 27, 2022. Additionally, a dividend of $1.00 per share is announced for cumulative preferred stock, also payable on June 15, 2022. Net sales for the company reached $19.4 billion in 2021. International Paper is a leading supplier of renewable fiber-based products, with substantial operations across North America, Latin America, North Africa, and Europe.
International Paper (NYSE: IP) has appointed Mark Nellessen as vice president of Investor Relations, effective immediately. Nellessen, who joined the company in 1992, was previously vice president of Financial Planning and Analysis. He succeeds Guillermo Gutierrez, who transitions to vice president and general manager for Latin America in the North American Container business. International Paper, based in Memphis, Tenn., ranks as a leading global supplier of renewable fiber-based products, reporting net sales of $19.4 billion in 2021.
International Paper reported a first quarter 2022 net earnings of $360 million, or $0.95 per diluted share, up from $107 million in Q4 2021 and $349 million in Q1 2021. Adjusted operating earnings were $288 million ($0.76 per diluted share), a decrease from $301 million in the previous quarter. Revenue grew 14% year-over-year to $5.24 billion, driven by robust performance in Industrial Packaging. The company generated $588 million in cash from operations and repurchased $406 million in shares. Looking forward, International Paper anticipates stable demand and margin expansion.
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