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 Company (NYSE: IP; LSE: IPC) is described as the global leader in sustainable packaging solutions, with headquarters in Memphis, Tennessee, USA, and EMEA headquarters in London, UK. This news page aggregates company-issued press releases and related coverage so readers can follow how International Paper communicates its strategy, operations, and financial performance.
Recent news highlights International Paper’s transformation toward a more focused sustainable packaging solutions company. Articles cover quarterly and full-year earnings announcements, where the company discusses adjusted operating earnings, adjusted EBITDA from continuing operations, and segment performance for Packaging Solutions North America and Packaging Solutions EMEA. Earnings releases also describe how portfolio actions and cost initiatives affect results.
Corporate news items include updates on the acquisition of DS Smith, which the company states created an industry leader focused on North American and EMEA regions, and the planned sale of the Global Cellulose Fibers business, which is treated as a discontinued operation. Other releases describe mill and facility closures in locations such as Riceboro, Georgia; Savannah, Georgia; Compton, California; and Louisville, Kentucky, as part of the company’s 80/20 strategic approach and footprint streamlining.
Investors and followers of IP stock can also find announcements about dividend declarations, participation in investor conferences, and strategic agreements, such as the continuity of services arrangement with Kraton and the sale of bag converting operations to ProAmpac. By reviewing this news feed over time, readers can see how International Paper presents its transformation plan, capital allocation decisions, and regional packaging strategies across North America and EMEA.
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.
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.
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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.