International Paper Co
NYSE:IP
International Paper Co
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.
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.
Separation Announcement: International Paper will separate into two publicly traded regional companies for North America and EMEA within 12-15 months.
2026 Guidance: Projected enterprise net sales of $24.1–$24.9 billion, adjusted EBITDA of $3.5–$3.7 billion, and free cash flow of $300–$500 million, with Q1 adjusted EBITDA guidance of $740–$760 million.
Transformation Progress: Achieved significant cost reductions and integration benefits, including $710 million of cost-out actions and 37% year-over-year adjusted EBITDA growth in North America.
North America Outlook: Expect 2026 adjusted EBITDA of $2.5–$2.6 billion, driven by $100 million in commercial benefits and $500 million in cost benefits, despite $200 million in inflation.
EMEA Performance: Actioned 20 site closures and expects $200 million in commercial and $200 million in cost-out benefits to drive strong EBITDA growth in 2026.
Dividend Policy: Dividend will be maintained through 2026, but may be reviewed after the spin.
No Price Increase in Guidance: Guidance does not include any impact from potential price increases in North America or EMEA.
