Welcome to our dedicated page for International Paper news (Ticker: IP), a resource for investors and traders seeking the latest updates and insights on International Paper stock.
International Paper reports developments in corrugated packaging, with operating updates centered on Packaging Solutions North America and Packaging Solutions EMEA. News releases cover quarterly and annual results, sales volumes, pricing, packaging margins, planned maintenance, cash flow, and non-GAAP measures such as adjusted EBITDA and free cash flow.
Company updates also address its completed acquisition of DS Smith, the completed sale of the Global Cellulose Fibers business, debt reduction, manufacturing footprint decisions, customer service capabilities, and executive presentations on market conditions. The coverage reflects a packaging company whose disclosures emphasize containerboard and box-plant operations, EMEA integration, capital allocation, and restructuring charges.
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.
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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.
International Paper (NYSE: IP) will announce its fourth-quarter and full-year 2021 earnings on January 27, 2022, prior to the market opening. The company will host a webcast at 10 a.m. ET to discuss these results and current market conditions, accessible through their website. Participants can also join via teleconference by calling in before 9:45 a.m. ET. International Paper is a major global producer of renewable fiber-based products with 2020 net sales of $21 billion and operations in multiple regions worldwide, including North America and Europe.
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.