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) 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.
International Paper (NYSE: IP) is set to announce its first-quarter earnings on April 28, 2022, before market opening. The company will hold a webcast at 10 a.m. ET to discuss financial results and market conditions, with an audio replay available for 90 days. In 2021, International Paper generated net sales of $19.4 billion and is a major global supplier of renewable fiber-based products, emphasizing sustainability through its packaging solutions. The company operates worldwide with about 38,000 employees.
International Paper (NYSE: IP) announced its intent to explore strategic options regarding its 50% stake in Ilim Group. The company clarified that it will not pursue any operational suspension, liquidation, or bankruptcy of Ilim Group. This move reflects a strategic consideration aimed at optimizing its investment portfolio while continuing to support its core operations.
International Paper CEO Mark Sutton will address the Bank of America Securities 2022 Global Agriculture and Materials Conference on March 2, 2022, starting at 8:10 a.m. EST. Interested parties can watch and listen to the live webcast on the company's website under the 'Performance' tab. A recording will be available about three hours post-presentation. International Paper, based in Memphis, Tenn., is a leading global supplier of renewable fiber-based products, generating $19.4 billion in net sales in 2021 and employing approximately 38,000 staff globally.
International Paper reported a Q4 2021 net earnings of $107 million ($0.28 per diluted share), a significant drop from $864 million ($2.20 per diluted share) in Q3 2021. For the full year, net earnings increased to $1.8 billion ($4.47 per diluted share) compared to $482 million in 2020. Cash from operations fell to $107 million in Q4 from $645 million in Q3, with full-year cash of $2.0 billion, down from $3.1 billion in 2020. The company reduced debt by $2.5 billion and returned $1.6 billion to shareholders. Looking forward, International Paper anticipates near-term pressure on volume due to Omicron-related challenges.
International Paper (NYSE: IP) has declared a quarterly dividend of $0.4625 per share for the period from January 1, 2022 to March 31, 2022. This dividend will be paid on March 15, 2022, to shareholders on record as of February 18, 2022. Additionally, a regular quarterly dividend of $1.00 per share on the cumulative $4.00 preferred stock was also announced for the same period, payable on the same date. This reaffirms the company's commitment to returning value to its shareholders.
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