IP
International Paper Company38.61
+0.01+0.03%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Price hikes unlock guidance upside
Q&A surfaced price increase letters sent this week—$10/ton in North America, €100 in EMEA—not baked into 2026 guidance, worth $90M EBITDA per $10/ton NA or $300M EMEA if fully realized. Management flagged dividend review post-spin as FCF ($300-500M) trails payout amid transformation costs, while detailing $200M incremental North America cost actions unannounced earlier. Ice storm to dent Q1 NA EBITDA by $20-25M. Execution probes drew confident replies on actioned items and quality share gains. No walk-backs. Price realization matters next.
Key Stats
Market Cap
20.39BP/E (TTM)
-Basic EPS (TTM)
-1.18Dividend Yield
0.05%Recent Filings
10-K
FY2025 results
International Paper posted FY2025 net sales of $23.63B amid DS Smith integration and 80/20 restructuring, but recorded a $2.84B continuing operations loss driven by $2.47B PS EMEA goodwill impairment, $958M accelerated depreciation from mill closures, and $626M restructuring. Operating cash flow held steady at $1.7B despite $1.9B capex; free cash flow swung negative at $(159)M. Q4 momentum faltered with softer demand, but North America grew volumes above market in H2 via customer focus. Debt climbed to $9.8B post-acquisition, offset by $1.5B GCF sale proceeds in Jan 2026. Plans call for $2.0B-$2.1B capex and EMEA spin-off by late 2026. Labor disruptions threaten quarterly output.
8-K
CEO conference remarks ahead
International Paper's CEO Andy Silvernail speaks today at Bank of America Securities 2026 Global Agriculture and Materials Conference. He'll cover winter storm impacts, EMEA strategic separation status, and market conditions. No new details disclosed. Webcast available live and replay on company site.
8-K
IP plans NA, EMEA split
International Paper announced plans to split into two independent public packaging companies for North America and EMEA, expected in 12-15 months, after recording a $2.47B non-cash goodwill impairment on PS EMEA tied to the review. Full-year 2025 sales hit $23.63B with adjusted EBITDA of $2.98B; Q4 loss from continuing operations was $2.36B. Targets $3.5-$3.7B adjusted EBITDA in 2026. Separation sharpens focus, yet hinges on conditions.
8-K
IP closes GCF sale
International Paper completed the sale of its Global Cellulose Fibers business to American Industrial Partners funds on January 23, 2026, for $1.5 billion, including $190 million in preferred stock. The divestiture sheds a $2.3 billion revenue unit from 2024 operations. Cash bolsters the balance sheet post-DS Smith acquisition.
10-Q
Q3 FY2025 results
International Paper's Q3 sales rocketed 56% y/y to $6.2B (derived), fueled by the DS Smith acquisition closed Jan 2025 for $9.9B (stock), adding $2.2B quarterly revenue, $4.6B goodwill and $4.2B intangibles (19-year customer lives). Continuing ops swung to $(426)M loss from $111M profit y/y (derived), with $(0.81) diluted EPS vs $0.31 amid $342M restructuring and $675M accelerated depreciation from mill closures; net loss hit $(1.1)B after $676M discontinued cellulose impairment. Cash dipped to $995M, total debt $9.96B (including assumed DS Smith notes), $1.9B USD revolver undrawn. Ops cash YTD $793M, FCF $(414)M after $1.2B capex. Antitrust suits loom over containerboard pricing.
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