International Paper Co
NYSE:IP

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International Paper Co
NYSE:IP
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Price: 40.25 USD 2.18% Market Closed
Market Cap: 21.3B USD

International Paper Co
Investor Relations

In the heart of America's industrial landscape, International Paper Co. stands as a stalwart of ingenuity and adaptability in the paper and packaging industry. Emerging from its roots in 1898, the company has grown to embody a comprehensive network that transforms the simplest of raw materials, wood fibers, into essential products that touch nearly every facet of commercial and consumer life. Headquartered in Memphis, Tennessee, International Paper deftly navigates the complex pathways of manufacturing by operating through its segments of Industrial Packaging and Global Cellulose Fibers. In the Industrial Packaging division, the company delivers a range of containerboard and corrugated packaging solutions, catering to a multitude of sectors including industrial, medical, and e-commerce, which have an insatiable demand for packaging solutions that are both sustainable and efficient.

Central to International Paper's success is its sophisticated and sustainable business model, which revolves around responsible forest management, aggressive recycling efforts, and innovative product solutions. By harnessing a vertically integrated supply chain, the company efficiently manages every step from the acquisition of fibers to the production of finished products. The Global Cellulose Fibers segment buttresses its offerings by supplying pulp to the world's leading tissue, paper, and hygiene brands, delivering ingredients that enhance quality and performance. This intricate dance of innovation and resource stewardship not only reinforces its market positioning but also aligns with evolving global priorities towards sustainability. International Paper's enduring prosperity emerges from this synergy of traditional manufacturing acumen and sustainability, threading the needle between commercial success and ecological responsibility.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Transformation Progress: International Paper is making significant progress on its transformation plan, especially in North America, with aggressive cost-cutting and operational initiatives showing up in results.

EBITDA & Margin Growth: Adjusted EBITDA in North America is up 40% year-to-date versus 2024, with a 370 basis point margin expansion; company-wide Q3 EBITDA improved 28% sequentially, with margin up about 300 basis points.

Challenging Macro Conditions: Both North America and EMEA continue to face weak demand, soft consumer sentiment, and market headwinds, leading to lower shipment growth assumptions for 2025.

Cost Actions & Facility Closures: The company has closed additional mills and exited nonstrategic businesses, including Savannah and Riceboro, and is outsourcing IT services for further efficiency.

Guidance & Targets Updated: 2025 targets now call for $24 billion in net sales, $3 billion adjusted EBITDA, and free cash flow between -$100 million and -$300 million; 2027 EBITDA target adjusted to $5 billion due to persistent market softness.

Market Share Gains: North America box shipments grew 1% YoY in September, with outperformance expected to continue into Q4 and 2026, beating industry averages.

EMEA Restructuring: EMEA is earlier in its transformation, facing soft demand and negative price trends; major cost initiatives and plant closures are underway, with further benefits expected in 2026 and beyond.

Key Financials
Adjusted EBITDA (North America YTD)
40% increase year-to-date vs. 2024
Adjusted EBITDA Margin (North America YTD)
370 basis point expansion year-to-date
Adjusted EBITDA (Company Q3)
28% sequential improvement
Adjusted EBITDA Margin (Company Q3)
Up approximately 300 basis points
Packaging Solutions North America Adjusted EBITDA (Q3)
$655 million
Packaging Solutions North America EBITDA Growth (Q3)
28% sequentially
Packaging Solutions EMEA Adjusted EBITDA (Q3)
$209 million
Free Cash Flow (Q3)
$150 million
Accelerated Depreciation Expense (Q3)
$675 million
Depreciation Expense (Q3)
$831 million
North America Box Shipments (September)
Up 1% year-over-year
Expected Box Industry Shipments (North America, 2025)
Down approximately 1% to 1.5% for the full year
Box Volume Expectation (EMEA, 2025)
Closer to 1% growth (was 2% to 3%)
Revenue (Q3)
Slightly higher sequentially
Adjusted EBITDA (2025 Target)
$3 billion
Net Sales (2025 Target)
$24 billion
Free Cash Flow (2025 Target)
-$100 million to -$300 million
Incremental Adjusted EBITDA (2026 Outlook)
$600 million additional in 2026 from 2025 actions
Planned Maintenance Outages (Q3, North America)
$86 million of lower costs in Q3
Riverdale Conversion Investment
$250 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Timothy S. Nicholls
Senior VP & CFO
No Bio Available
Mr. Joseph R. Saab
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Thomas J. Plath
Advisor
No Bio Available
Mr. William Thomas Hamic
EVP & President of North American Packaging Solutions
No Bio Available
Mr. Andrew K. Silvernail
CEO & Chairman
No Bio Available
Michael H. Anderson
VP & Chief Information Officer
No Bio Available
Mr. Mark P. Nellessen
Vice President of Investor Relations
No Bio Available
Mr. James P. Royalty Jr.
Senior VP Containerboard & Recycling and President of Europe, Middle East & Africa
No Bio Available
Ms. Ksenia Sosnina
Senior Vice President of Europe, the Middle East & Africa
No Bio Available
Mr. Clay R. Ellis
Senior Vice President of Global Cellulose Fibers
No Bio Available

Contacts

Address
TENNESSEE
Memphis
6400 Poplar Ave
Contacts