International Paper Company
44.23-2.90 (-6.15%)
Oct 29, 4:00:02 PM EDT · NYSE · IP · USD
Key Stats
Market Cap
23.35BP/E (TTM)
-Basic EPS (TTM)
-0.06Dividend Yield
0.04%Recent Filings
8-K
Antitrust clearance for GCF sale
International Paper cleared a key antitrust hurdle on September 24, 2025, with the FTC granting early termination of the HSR Act waiting period for its planned sale of the Global Cellulose Fibers business to Absorbent Fiber Topco. Signed August 20, 2025, the deal transfers all GCF equity interests to the buyer, pending other regulatory nods and closing conditions. Progress accelerates divestiture. Yet regulatory risks linger until full approvals.
8-K
Mill closures and GCF sale
International Paper committed to closing its Riceboro and Savannah mills on August 20, 2025, slashing containerboard capacity by 1.43 million tons by September's end and cutting 980 jobs. This 80/20 strategy move incurs $158 million in pre-tax cash charges and $570 million in non-cash depreciation, while a $250 million Riverdale mill investment offsets some capacity loss by Q3 2026. Yet the divestiture of its $2.8 billion Global Cellulose Fibers business to AIP for $1.5 billion sharpens focus on packaging. Regulatory hurdles could delay the sale.
8-K
IP sells GCF for $1.5B
International Paper signed a deal on August 20, 2025, to sell its Global Cellulose Fibers business to American Industrial Partners for $1.5 billion, including $190 million in preferred stock, subject to regulatory approvals and expected to close by year-end. This divestiture, part of a packaging focus, triggers a $700-900 million non-cash impairment in Q3 2025 and classifies GCF as discontinued operations. Senior VP Clayton Ellis will depart post-closing. Regulatory hurdles could delay completion.
10-Q
Q2 FY2025 results
International Paper's Q2 FY2025 net sales jumped 43% y/y to $6.8B, fueled by the DS Smith acquisition closed January 31, 2025, for $9.9B in stock, recognizing $4.1B goodwill and $4.0B intangibles (amortized over 15-19 years). Yet, net earnings fell to $75M ($0.14 diluted EPS) from $498M y/y, reflecting integration costs and restructuring charges of $39M, including Red River mill closure; operating profit held at $272M across segments, with Packaging Solutions North America up 15% q/q to $277M on price gains. Cash from operations for H1 was $188M, down from $760M y/y, yielding negative FCF of $(564)M after $752M capex; quarter-end cash stood at $1.1B, total debt $9.9B (including assumed DS Smith notes maturing 2026-2030 at 0.875%-4.5%), with $1.9B USD credit availability and covenant compliance. Divested five EMEA plants June 30 for $147M to meet EU conditions. Antitrust suits loom as a balanced risk.
8-K
IP Q2 earnings integrate DS Smith
International Paper reported Q2 2025 net earnings of $75 million, or $0.14 per diluted share, on $6.8 billion in sales, reflecting a full quarter of integrated DS Smith operations post its January 31 acquisition. Packaging Solutions North America profit hit $277 million amid higher prices and volumes, yet EMEA swung to a $1 million loss from soft demand and elevated depreciation. Cost headwinds and outages pressured margins, but commercial wins exceeded targets. Q3 outlook points to stronger revenue and earnings with fewer outages. Integration risks loom large.
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