International Paper Co Stock Price, News & Analysis

TARGAN Inc. has appointed Clinton A. Lewis, Jr. to its Board of Directors. Lewis brings over 30 years of experience in the life sciences and agribusiness sectors, currently serving as CEO of AgroFresh (Nasdaq: AGFS). He is expected to leverage his strategic leadership to enhance TARGAN's initiatives in animal health and sustainability. Lewis replaces Stanley Appleton, who transitions to an advisory role within TARGAN's Poultry Business. TARGAN is focused on transforming animal protein production through innovative technologies.

International Paper (NYSE: IP) announced plans to construct a new corrugated packaging plant in Atglen, Pennsylvania, creating approximately 150 jobs. The initiative aims to enhance its Industrial Packaging operations in the northeastern U.S. Construction is expected to start in Q1 2022 and the facility is projected to be operational by Q1 2023. The move aligns with the company's commitment to safety, quality, and customer service.

International Paper (NYSE: IP) announced the approval of its 35% Greenhouse Gas reduction target by the Science Based Targets initiative (SBTi), aligning with the Paris Agreement's climate goals. This recognition establishes the company as a leader in the low-carbon transition and among the first in the North American paper industry with approved targets. International Paper aims to achieve several sustainability goals by 2030, including reducing water usage by 25% and creating products that are 100% reusable or recyclable.

International Paper (NYSE: IP) is set to release its fourth-quarter and full-year 2021 earnings on January 27, 2022, before the NYSE opens. A live webcast to discuss the earnings and current market conditions will start at 10 a.m. ET. The company also announced its earnings dates for 2022: April 28 for Q1, July 28 for Q2, and October 27 for Q3. International Paper is a leading global producer in renewable fiber-based packaging and pulp products, with net sales of $21 billion in 2020.

International Paper (NYSE: IP) CEO Mark S. Sutton will present at the Citi 2021 Basic Materials Virtual Conference on December 1, 2021, at 8:45 am ET. The session will include a presentation followed by a Q&A. Interested viewers can find the live webcast on the company’s website under the 'Performance' tab, with a replay available shortly after. International Paper is a global leader in renewable fiber-based packaging and pulp products, generating $21 billion in net sales for 2020 and employing approximately 38,000 people worldwide.

International Paper Company (NYSE: IP) has announced the pricing terms for its cash tender offer to purchase up to $500 million of its outstanding notes. The tender offer includes notes maturing in 2035, 2046, 2044, 2041, 2047, and 2048. Holders who tendered their notes by the November 10 deadline will receive the Total Consideration, determined by a fixed spread over the yield of specific U.S. Treasury Securities. The early settlement date is set for November 15, 2021. Notes accepted for purchase will be retired and canceled by the company.

International Paper Company (NYSE: IP) announced the early tender results for its cash tender offer of up to $500 million for several series of outstanding notes. As of the Early Tender Deadline on November 10, 2021, a total of $193.3 million of 5.000% Notes due 2035 and $245.2 million of 5.150% Notes due 2046 were validly tendered. The early settlement date is expected on November 15, 2021. Holders who validly tendered their notes will receive a Total Consideration that includes an early tender premium of $50.00 per $1,000. The offer ends on November 26, 2021.

International Paper (NYSE: IP) has initiated a cash tender offer for up to $500 million of its outstanding Notes due between 2035 and 2048. This Offer includes six different series of Notes with varying interest rates. The tender offer will expire on November 26, 2021, with an early tender deadline on November 10, 2021. The accepted Notes will be paid on two settlement dates, November 15 and November 30, 2021, depending on their tender timing. Conditions apply, and prospective participants are advised to review the Offer to Purchase document.

International Paper reported Q3 2021 net earnings of $864 million ($2.20 per diluted share), up from $432 million in Q2 2021 and $204 million in Q3 2020. This includes a $350 million gain from the sale of the Kwidzyn mill. Adjusted operating earnings were $532 million, representing a growth from previous quarters. Year-to-date cash from operations stood at $1.9 billion. Despite challenges from input costs and supply chain issues, the company anticipates strong seasonal demand for packaging in Q4 2021.