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 (NYSE: IP) has initiated a cash tender offer for its 3.000% Notes due 2027, and up to $700 million of its 3.650% and 3.800% Notes. The Any and All Tender Offer expires on September 14, 2020, while the Waterfall Tender Offer expires on October 5, 2020. Holders of the 3.000% Notes must tender by the expiration deadline to receive the Total Consideration. If $700 million of 3.000% Notes are accepted, no 3.650% or 3.800% Notes will be accepted. The company has retained BNP Paribas and Credit Agricole Securities as Lead Dealer Managers for the Offers.
International Paper (NYSE: IP) reported second quarter 2020 financial results, achieving net earnings of $266 million ($0.67 per diluted share), a recovery from a loss of $(141) million in Q1 2020. Adjusted operating earnings were $305 million ($0.77 per diluted share), below $460 million in Q2 2019. Net sales decreased to $4.87 billion from $5.35 billion in Q1 2020. The liquidity position improved slightly to $3.6 billion. Business segments showed varied performance, with industrial packaging profits down, cellulose fibers improving, and printing papers significantly impacted by COVID-19. The company emphasizes strong cash generation amid economic uncertainty.
International Paper (NYSE: IP) declared a quarterly dividend of $0.5125 per share, payable on September 15, 2020, to holders of record by August 14, 2020. This dividend covers the period from July 1, 2020 to September 30, 2020. Additionally, a regular quarterly dividend of $1.00 per share for preferred stock was announced, also payable on September 15, 2020. International Paper, headquartered in Memphis, Tenn., reported $22 billion in net sales for 2019 and serves over 25,000 customers globally.
International Paper (NYSE: IP) is set to announce its second-quarter earnings on July 30, 2020, before the New York Stock Exchange opens. A webcast discussing the earnings and current market conditions will be held at 10 a.m. ET. Interested parties can access the webcast through the company's website, and a replay will be available shortly after the call. The conference ID for those wishing to join via teleconference is 8077936. International Paper is a major global producer of renewable fiber-based products, with net sales of $22 billion in 2019.
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