INTERNATIONAL PAPER CO /NEW/ (IP) Company Report

2025 EBITDA guidance trimmed from $3.5–4.0 billion to ~$3.0 billion exiting the year, with $3.6 billion run-rate “in the bag” for 2026 based on executed initiatives.
Market headwinds drove an estimated $250 million EBITDA loss in North America (revenue down 2% vs. +1% expected) and > $500 million in Europe from softer demand and pricing pressure.
The 2026 “in the bag” improvement comprises $150–200 million of pricing carryover, $500–600 million of cost-out (partly offset by Savannah exit), plus additional commercial wins.
Riverdale paper machine capex to begin in 3Q 2026, ramp through 2027 and full run-rate by 2028, supporting the $5 billion 2027 EBITDA target.
Lighthouse box-plant rollout to reach 75 clusters by year-end, delivering 20–25% productivity lifts when plants close and 10–12% gains via 80/20 segmentation.

2 days ago

Transcript

International Paper revises 2025 EBITDA guidance and outlines 2026 improvement levers

Guidance Update

M&A

New Projects/Investments

International Paper now expects $3 billion EBITDA at year-end 2025, down from an initial $3.5–4 billion forecast, driven by weaker demand and European pricing pressures.
For 2026, “in the bag” improvements include $150–200 million of pricing carryover and $500–600 million of cost-out, partially offset by the commercial impact of exiting the Savannah export business.
North America has completed major footprint actions (Red River, Riceboro, Savannah closures) and is redirecting investments to improve mill reliability and efficiency; the box plant “Lighthouse” initiative has delivered up to 20–25% productivity gains in closed plants and 10–12% gains in optimized clusters.
European DS Smith integration is under way, with management optimizing the combined asset footprint amid regulatory and work-council consultations to enhance returns and cost structure.
The 2027 EBITDA target has been revised to $5 billion (from $5.5–6 billion) due to market headwinds, with a continued focus on free cash-flow conversion and disciplined capital allocation, including opportunistic share buybacks.

2 days ago

Transcript

International Paper outlines footprint transformation and 2027 targets at Citigroup Conference

Guidance Update

M&A

New Projects/Investments

International Paper expects 2025 EBITDA of ~$3 billion, down from $3.5–4 billion guidance due to weaker demand, but anticipates $3.6 billion “in the bag” of price and cost actions for 2026.
The DS Smith acquisition closed in February, with active work to optimize the European footprint and rightsizing assets amid soft European demand.
North America mill closures (Red River, Riceboro, Savannah) and cost-out programs will contribute $500–600 million annual run-rate savings in 2026, partially offset by lost margins from the Savannah exit.
Key investments include a new Riverdale paper machine starting in Q3 2026 (ramping into 2027) and the Lighthouse box-plant productivity program, targeting 10–25% efficiency gains.
Management expects volume growth reverting to 1–2% over the next two years, with tight North American supply-demand supporting pricing upside and a focus on right-sizing cost structure in Europe.

2 days ago

Transcript

International Paper closes Compton and Louisville packaging facilities

Layoffs

International Paper will cease operations at its Compton, California and Louisville, Kentucky packaging facilities by January 2026, impacting 218 employees (125 in Compton; 93 in Louisville).
Affected team members will be supported through attrition, retirements, existing vacancies, severance benefits, outplacement assistance, and mental health resources.
The closures are part of a strategic effort to streamline IP’s footprint, concentrate investments on key sites, and advance its transformation into a sustainable packaging solutions leader.
In 2024, the company generated $18.6 billion in net sales and in 2025 acquired DS Smith to bolster its North American and EMEA positions.

Nov 14, 2025, 5:30 PM

Press Release

International Paper outlines transformation progress and targets at Baird conference

Guidance Update

M&A

New Projects/Investments

Plans to complete sale of global cellulose fiber business soon, positioning IP as a 100% sustainable packaging business with $24 billion in packaging revenue.
North America transformation via 80/20 and lean principles drove a 40% EBITDA increase from ~$1.7 billion to ~$2.3 billion TTM through Q3, despite a ~2% market volume decline creating a $250 million headwind.
Strategic reinvestment includes a 50% rise in capital spending on retained assets, elimination of 3 million tons of mill capacity, and 10% of converting capacity shutdowns to optimize cost and focus.
European integration of DS Smith has faced a $300 million profit headwind due to soft markets and pricing, prompting cost restructuring and planned closures.
Targets $5 billion in EBITDA by 2027, underpinned by $1.1 billion of cost reductions, $500 million in pricing gains, and organic growth offsetting inflation.

Nov 11, 2025, 2:30 PM

Transcript

International Paper outlines packaging transformation and divestiture plans

M&A

Demand Weakening

International Paper is transforming into a customer‐driven sustainable packaging leader, with North America EBITDA up 40% from ~$1.7 billion to ~$2.3 billion on a trailing‐12-month basis through Q3, driven by 80/20 and lean principles.
The company has removed 3 million tons of mill capacity, shut over 10% of converting capacity and increased capex in strategic assets by 50% year-on-year to boost performance.
It’s finalizing the global cellulose fiber (GCF) divestiture—targeted by year-end—with approximately $60 million of stranded costs covered under a transition services agreement.
The DS Smith acquisition in Europe (completed January) faces a ~$300 million year-over-year EBITDA headwind from soft markets and tariffs, and is undergoing similar cost-reduction and customer-focus measures.
U.S. packaging volumes are set to finish ≈ 2% down versus a +1% growth expectation, representing roughly $250 million of EBITDA headwind, while Europe demand remains weak amid trade and economic pressures.

Nov 11, 2025, 2:30 PM

Transcript

International Paper outlines packaging-focused transformation strategy at Baird conference

M&A

Demand Weakening

Following the planned sale of its global cellulose fiber business, International Paper will become a 100% sustainable packaging company with $24 billion in packaging revenue.
In North America, applying 80/20 and lean principles has driven a 40% increase in EBITDA from $1.7 billion to $2.3 billion TTM through Q3 2025, despite a 2 pts volume headwind worth $250 million.
The company eliminated 3 million tons of capacity, shut over 10% of converting capacity, and increased strategic capital spending by 50% Y/Y in North America to optimize its asset base.
After completing the DS Smith acquisition in January 2025, European operations faced $300 million of EBITDA headwinds from soft demand and pricing but are undergoing similar restructuring.
International Paper targets $600 million of benefits rolling into 2026 and aims for $5 billion EBITDA by 2027, reflecting a market-driven adjustment from prior guidance.

Nov 11, 2025, 2:30 PM

Transcript

Sylvamo reports Q3 2025 earnings

Earnings

Share Buyback

Guidance Update

Delivered 7% sales volume growth quarter-over-quarter; reported net sales of $846 million, net income of $57 million ($1.41 per diluted share), adjusted EBITDA of $151 million (18% margin) and free cash flow of $33 million.
Returned $60 million to shareowners in Q3 via $42 million of share repurchases and $18 million in dividends.
Commercial and operational performance drivers included price and mix down $14 million, volume up $14 million and maintenance outage expenses down $66 million versus Q2.
Issued Q4 outlook for adjusted EBITDA of $115 million–$130 million, anticipating price/mix headwinds of $20 million–$25 million and volume gains of $15 million–$20 million.

Nov 7, 2025, 12:00 PM

Press Release

International Paper reports Q3 2025 results

Earnings

M&A

Guidance Update

Free cash flow rose sequentially to $150 M, with adjusted EBIT and EPS including $675 M of accelerated depreciation that reduced EPS by $0.81.
Completed sale of the GCF business to American Industrial Partners, recasting it as discontinued operations with a $1 B impairment; proceeds will fund Packaging Solutions investments and debt reduction.
Packaging Solutions North America delivered $655 M adjusted EBITDA, up $190 M sequentially, with volumes +1% in September; Q4 EBITDA is forecast at $600 M.
Packaging Solutions EMEA posted $209 M adjusted EBITDA in Q3 and anticipates $230 M in Q4, driven by price/mix gains, seasonality, and favorable fiber costs.
Full-year 2025 targets revised to $24 B net sales, $3 B adjusted EBITDA, and free cash flow of –$100 M to $300 M, with a longer-term aim of $5 B EBITDA by 2027.

Oct 30, 2025, 2:00 PM

Transcript

International Paper reports Q3 2025 earnings

Earnings

Guidance Update

Demand Weakening

Adj. EBITDA from continuing operations rose to $859 MM in Q3 2025, up from $670 MM in Q2 2025, and total including discontinued operations reached $1,012 MM, reflecting sequential step-up driven by Packaging Solutions segments.
Packaging Solutions North America delivered $655 MM Adj. EBITDA (a 28% sequential increase), fueled by cost-out initiatives, favorable timing of maintenance outages, and strategic commercial wins despite soft volume.
Packaging Solutions EMEA posted $209 MM Adj. EBITDA, supported by prior price index realization and lower fiber costs, offsetting volume and operational headwinds.
For Q4 2025, IP forecasts PS NA Adj. EBITDA of $600 MM and PS EMEA of $230 MM; the company also announced the sale of its Global Cellulose Fibers and Bag businesses.

Oct 30, 2025, 2:00 PM

Presentation

Earnings Transcripts

Quarterly earnings call transcripts for INTERNATIONAL PAPER CO /NEW/.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Andy Silvernail say about margins?What are INTERNATIONAL PAPER CO /NEW/'s strategic priorities?How is INTERNATIONAL PAPER CO /NEW/ positioned vs competitors?How did INTERNATIONAL PAPER CO /NEW/ do last quarter?

Let Fintool AI Agent track INTERNATIONAL PAPER CO /NEW/'s earnings for you

Get instant analysis when filings drop