International Paper Q2 Adj $0.61 Beats $0.41 Estimate, Sales $4.73B Miss $4.78B Estimate

7/24/24 7:04:31 AM ET

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Basic Materials

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International Paper (NYSE:IP) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.41 by 48.78 percent. This is a 3.39 percent increase over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $4.73 billion which missed the analyst consensus estimate of $4.78 billion by 0.96 percent. This is a 1.11 percent increase over sales of $4.68 billion the same period last year.

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Recent Analyst Ratings for
$IP

Date	Price Target	Rating	Analyst
11/13/2024	$48.20	Neutral → Underperform	Exane BNP Paribas
8/14/2024	$52.00	Hold → Buy	Argus
7/9/2024	$48.70	Hold	Stifel
6/28/2024	$52.00	Neutral → Buy	Seaport Research Partners
5/23/2024	$38.00 → $57.00	Hold → Buy	Jefferies
3/4/2024	$37.00 → $42.00	Underperform → Buy	BofA Securities
2/26/2024		Buy → Hold	Argus
1/8/2024		Neutral	Exane BNP Paribas

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$IP
Financials

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International Paper Declares Quarterly Dividend
MEMPHIS, Tenn., Oct. 14, 2024 /PRNewswire/ -- International Paper (NYSE:IP) today declared a quarterly dividend of $0.4625 per share for the period from October 1, 2024, to December 31, 2024, inclusive, on the common stock, par value $1.00, of the Company, payable on December 16, 2024, to holders of record at the close of business on November 15, 2024. Today, the company also declared a quarterly dividend of $1.00 per share for the period from October 1, 2024, to December 31, 2024, inclusive, on the cumulative $4.00 preferred stock of the Company, payable on December 16, 2024,
10/14/24 4:00:00 PM ET
$IP
Paper
Basic Materials
International Paper Declares Quarterly Dividend
MEMPHIS, Tenn., July 9, 2024 /PRNewswire/ -- International Paper (NYSE:IP) today declared a quarterly dividend of $0.4625 per share for the period from July 1, 2024 to September 30, 2024, inclusive, on the common stock, par value $1.00, of the Company, payable on September 16, 2024 to holders of record at the close of business on August 15, 2024. Today, the company also declared a quarterly dividend of $1.00 per share for the period from July 1, 2024 to September 30, 2024, inclusive, on the cumulative $4.00 preferred stock of the Company, payable on September 16, 2024 to holde
7/9/24 5:00:00 PM ET
$IP
Paper
Basic Materials
RECOMMENDED ALL-SHARE COMBINATION OF DS SMITH PLC WITH INTERNATIONAL PAPER COMPANY OFFER UPDATE
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION MEMPHIS, Tenn., June 25, 2024 /PRNewswire/ -- The boards of International Paper Company ("International Paper") and DS Smith Plc ("DS Smith") are pleased to announce the expiration of the waiting period under the Hart-Scott-Rodino Act (the "HSR Act") for the proposed combination of DS Smith with International Paper. This is an important step in the consummation of the proposed combination as the expiration removes the HSR Act's bar to closing. Completion of the Combination remains subject to the satisfaction or wai
6/25/24 7:00:00 AM ET
$IP
Paper
Basic Materials

$IP
Market Insights

Live Market Insights

International Paper Sets Sights on Streamlined Success: Beats Q2 EPS Estimates Amid Sales Challenges
International Paper Co (NYSE:IP) shares are trading lower after the company reported second-quarter FY24 sales growth of 1.1% year-on-year to $4.73 billion, missing the analyst consensus estimate of $4.78 billion. Net sales from Industrial Packaging rose 1.2% Y/Y to $3.9 billion, Global Cellulose Fibres grew 2.7% to $717 million, and Corporate and Inter-segment declined 14%. Selling and administrative expenses rose 34.8% to $453 million. Adjusted EPS of $0.55 beat the analyst consensus of $0.41. Business segment operating income for the quarter was $322 million, with the margin at 6.8%. The company held $1.04 billion in cash and equivalents as of June-end. Cash provided by operat
7/24/24 9:43:06 AM ET
$IP
Paper
Basic Materials
International Paper Q2 Adj $0.61 Beats $0.41 Estimate, Sales $4.73B Miss $4.78B Estimate
International Paper (NYSE:IP) reported quarterly earnings of $0.61 per share which beat the analyst consensus estimate of $0.41 by 48.78 percent. This is a 3.39 percent increase over earnings of $0.59 per share from the same period last year. The company reported quarterly sales of $4.73 billion which missed the analyst consensus estimate of $4.78 billion by 0.96 percent. This is a 1.11 percent increase over sales of $4.68 billion the same period last year.
7/24/24 7:04:31 AM ET
$IP
Paper
Basic Materials
The Analyst Landscape: 8 Takes On International Paper
Throughout the last three months, 8 analysts have evaluated International Paper (NYSE:IP), offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 3 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 2 0 0 2M Ago 2 0 1 0 0 3M Ago 0 0 0 0 0 Analysts have recently evaluated International Paper and provided 12-month price targets. The average target is $50.09, accompanied by a high estimate of $57.00 and a low estimate of $41.00. Marking an increase
7/16/24 10:00:28 AM ET
$IP
Paper
Basic Materials

International Paper Chairman and CEO to Speak at the Citi 2024 Basic Materials Conference
MEMPHIS, Tenn., Nov. 22, 2024 /PRNewswire/ -- International Paper Chairman and Chief Executive Officer Andy Silvernail will speak at the Citi 2024 Basic Materials Conference on December 4, 2024. The presentation is scheduled to begin at 8 a.m. Eastern time and will be followed by a question-and-answer session. All interested parties are invited to listen to the webcast via the company's website by clicking on the Investors tab and going to the Events & Presentations page at https://www.internationalpaper.com/investors/events-presentations. A replay of the webcast will be avai
11/22/24 9:00:00 AM ET
$IP
Paper
Basic Materials
International Paper Announces Review of Strategic Options for Global Cellulose Fibers Business and Closure of Georgetown, S.C. Pulp and Paper Mill
MEMPHIS, Tenn., Oct. 31, 2024 /PRNewswire/ -- International Paper (NYSE: IP) today announced the decision to review strategic options for its global cellulose fibers (GCF) business. The decision to explore alternatives for the GCF business is consistent with the Company's strategy to focus on sustainable packaging solutions. IP's GCF business creates safe, high-quality absorbent pulp for a wide range of applications like feminine care, incontinence and other personal care products that promote health and wellness. In addition, its specialty pulp serves as a sustainable raw mat
10/31/24 7:45:00 AM ET
$IP
$SLVM
Paper
Basic Materials
Sylvamo, International Paper Terminate Georgetown Supply Agreement
Sylvamo (NYSE:SLVM), the world's paper company, and International Paper (NYSE:IP) are mutually terminating a supply agreement for uncoated freesheet, bristols and specialty papers at the Georgetown, South Carolina, mill. The agreement will terminate Dec. 31, 2024. Sylvamo is successfully transitioning many paper grades from Georgetown to its Ticonderoga, New York, and Eastover, South Carolina, mills to continue supplying customers. International Paper has announced plans to discontinue operations at the Georgetown mill. "We have been preparing for this possibility since our 2021 spinoff from International Paper. We will support our customers through this transition and will retain the mos
10/31/24 7:45:00 AM ET
$IP
$SLVM
Paper
Basic Materials

International Paper Strengthens Commitment to Nature with $15.3 Million Investment in Conservation Partnerships
MEMPHIS, Tenn., Aug. 7, 2024 /PRNewswire/ -- International Paper (IP) reaffirms its dedication to conserving forest ecosystems, nature and biodiversity with a $15.3 million investment to renew strategic alliances with key conservation partners, including the American Forest Foundation (AFF), National Fish and Wildlife Foundation (NFWF), The Nature Conservancy (TNC) and World Wildlife Fund (WWF). These collaborations are pivotal to IP's business strategy and Vision 2030 goal to conserve and restore 1 million acres of ecologically significant forestland. Experience the interactive Multimedia News Release here: https://www.multivu.com/players/English/9283251-international-paper-conservation-pa
8/7/24 10:30:00 AM ET
$IP
Paper
Basic Materials
International Paper Announces Changes to Its Board of Directors
Jamie A. Beggs and Scott A. Tozier to Join as Newest Board Members Ilene S. Gordon to Retire from the Board MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- International Paper ("IP") (NYSE:IP) announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024. Ms. Beggs, age 47, currently serves as Senior Vice President and Chief Financial Officer of Avient Corporation (NYSE:AVNT), a premier pr
5/23/24 10:51:00 AM ET
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$AVNT
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Atlas Technical Consultants Announces Leadership Change, Names Jacqueline Hinman Chief Executive Officer
AUSTIN, Texas, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Atlas Technical Consultants (Atlas), a leading infrastructure and environmental solutions provider, announced today the appointment of Jacqueline (Jacque) Hinman as Chief Executive Officer. Hinman replaces retiring Chief Executive Officer L. Joe Boyer. Ms. Hinman has 35 years of career engineering industry experience, which includes serving for nearly 20 years with Fortune 500 engineering company CH2M, most recently as Chairman and CEO prior to its acquisition in 2017. She also served as President of several CH2M divisions. For six years, Ms. Hinman was with Tyco Earth Tech Division as Senior Vice President. She began her career at CH2M b
1/8/24 7:00:00 AM ET
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Paper
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International Paper Q2 Adj $0.61 Beats $0.41 Estimate, Sales $4.73B Miss $4.78B Estimate

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Recent Analyst Ratings for $IP

$IP Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by International Paper Company

SEC Form SC 13G filed by International Paper Company

SEC Form SC 13G filed by International Paper Company

$IP Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Sullivan Kathryn D sold $33,714 worth of shares (600 units at $56.19), decreasing direct ownership by 2% to 37,745 units (SEC Form 4)

Director Sullivan Kathryn D sold $32,100 worth of shares (600 units at $53.50), decreasing direct ownership by 2% to 38,345 units (SEC Form 4)

Director Sullivan Kathryn D sold $28,848 worth of shares (600 units at $48.08), decreasing direct ownership by 2% to 38,945 units (SEC Form 4)

$IP Financials

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International Paper Declares Quarterly Dividend

International Paper Declares Quarterly Dividend

RECOMMENDED ALL-SHARE COMBINATION OF DS SMITH PLC WITH INTERNATIONAL PAPER COMPANY OFFER UPDATE

$IP Analyst Ratings

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Int'l Paper downgraded by Exane BNP Paribas with a new price target

Int'l Paper upgraded by Argus with a new price target

Stifel initiated coverage on Int'l Paper with a new price target

$IP Market Insights

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International Paper Sets Sights on Streamlined Success: Beats Q2 EPS Estimates Amid Sales Challenges