Suzano Says After Negotiations With International Paper, It Has Reached What It Believes To Be The Maximum Price For The Transaction; Formalizes That It Will Not Pursue A Transaction Involving the Acquisition Of International Paper

6/27/24 7:54:21 AM ET

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Suzano Says After Negotiations With International Paper, It Has Reached What It Believes To Be The Maximum Price For The Transaction; Formalizes That It Will Not Pursue A Transaction Involving the Acquisition Of International Paper

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Recent Analyst Ratings for
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$SUZ

Company	Date	Price Target	Rating	Analyst
International Paper Company $IP	11/13/2024	$48.20	Neutral → Underperform	Exane BNP Paribas
International Paper Company $IP	8/14/2024	$52.00	Hold → Buy	Argus
International Paper Company $IP	7/9/2024	$48.70	Hold	Stifel
International Paper Company $IP	6/28/2024	$52.00	Neutral → Buy	Seaport Research Partners
International Paper Company $IP	5/23/2024	$38.00 → $57.00	Hold → Buy	Jefferies
Suzano S.A. $SUZ	5/20/2024		Underweight → Equal-Weight	Morgan Stanley
International Paper Company $IP	3/4/2024	$37.00 → $42.00	Underperform → Buy	BofA Securities
International Paper Company $IP	2/26/2024		Buy → Hold	Argus

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$SUZ
Financials

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Suzano Reports Operating Cash Generation of R$4.4 Billion in the Third Quarter of 2024
Suzano, the world's largest pulp producer, announces its third quarter results for 2024 (3Q24) with operating cash generation reaching R$4.4 billion, up 132% on the same period last year. Adjusted EBITDA totaled R$6.5 billion, a 77% increase over 3Q23. Net revenue reached R$12.3 billion, the highest quarterly performance since 2022, and a rise of 37% on the same quarter last year. The strong third quarter results were mainly driven by increased sales volume and higher average selling prices of exported products, with a favorable contribution from exchange rates. Pulp sales totaled 2.6 million tonnes, a rise of 6% on the same period last year. Paper sales reached 360,000 tonnes in the third
10/24/24 6:42:00 PM ET
$SUZ
Paper
Basic Materials
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
Suzano reports Adjusted EBITDA of R$6.3 billion in the second quarter of 2024
Suzano, the world's largest pulp producer, announces its financial results for the second quarter of 2024 (2Q24). Adjusted EBITDA totaled R$6.3 billion, a 60% increase on 2Q23, reflecting higher pulp prices, favorable FX rates, increased sales volume, and reduced production costs compared to the same period last year. Operating cash generation totaled R$4.5 billion, the strongest quarterly result since 1Q23, and net revenue came to R$11.5 billion, the strongest quarterly result since 4Q22. Pulp sales reached 2.5 million tonnes, while paper sales totaled 333,000 tonnes. The cash cost of pulp production, excluding downtime, was R$828 per tonne. Suzano reported a net loss of R$3.8 billion
8/8/24 6:00:00 PM ET
$SUZ
Paper
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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
$SLVM
Paper
Basic Materials
Sylvamo, International Paper Terminate Georgetown Supply Agreement
Sylvamo (NYSE:SLVM), the world's paper company, and International Paper (NYSE:IP) are mutually terminating a supply agreement for uncoated freesheet, bristols and specialty papers at the Georgetown, South Carolina, mill. The agreement will terminate Dec. 31, 2024. Sylvamo is successfully transitioning many paper grades from Georgetown to its Ticonderoga, New York, and Eastover, South Carolina, mills to continue supplying customers. International Paper has announced plans to discontinue operations at the Georgetown mill. "We have been preparing for this possibility since our 2021 spinoff from International Paper. We will support our customers through this transition and will retain the mos
10/31/24 7:45:00 AM ET
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$SLVM
Paper
Basic Materials
International Paper Reports Third Quarter 2024 Results
MEMPHIS, Tenn., Oct. 31, 2024 /PRNewswire/ -- International Paper (NYSE:IP) today reported third quarter 2024 financial results. THIRD QUARTER 2024 HIGHLIGHTS Third quarter net earnings of $150 million ($0.42 per diluted share)Third quarter adjusted operating earnings (non-GAAP) of $153 million ($0.44 per diluted share)Third quarter cash provided by operations of $521 million and returned $161 million to shareholders in dividends"Our third quarter earnings are above our outlook," said Chairman and CEO Andy Silvernail. "Higher prices across the portfolio, including benefits from our packaging go-to-market strategy were supported by a moderately improving box demand environment. We also had h
10/31/24 7:30:00 AM ET
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Leadership Updates

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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 $15.3 million investment to renew strategic alliances with key conservation partners, including the American Forest Foundation (AFF), National Fish and Wildlife Foundation (NFWF), The Nature Conservancy (TNC) and World Wildlife Fund (WWF). These collaborations are pivotal to IP's business strategy and Vision 2030 goal to conserve and restore 1 million acres of ecologically significant forestland. Experience the interactive Multimedia News Release here: https://www.multivu.com/players/English/9283251-international-paper-conservation-pa
8/7/24 10:30:00 AM ET
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Paper
Basic Materials
International Paper Announces Changes to Its Board of Directors
Jamie A. Beggs and Scott A. Tozier to Join as Newest Board Members Ilene S. Gordon to Retire from the Board MEMPHIS, Tenn., May 22, 2024 /PRNewswire/ -- International Paper ("IP") (NYSE:IP) announced that Jamie A. Beggs and Scott A. Tozier have been elected to IP's Board of Directors, effective May 21, 2024. The company also announced that Ilene S. Gordon has retired from the Board citing personal and health reasons, effective May 21, 2024. Ms. Beggs, age 47, currently serves as Senior Vice President and Chief Financial Officer of Avient Corporation (NYSE:AVNT), a premier pr
5/23/24 10:51:00 AM ET
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$AVNT
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Major Chemicals
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Paper
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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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Market Insights

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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
$IP
Paper
Basic Materials
Suzano's New Eucalyptus Pulp Mill in Brazil Becomes Largest Single Production Line Globally
Suzano, the world's largest market pulp producer, announces the successful operational startup of its new mill, the largest single pulp production line in the world, in Ribas do Rio Pardo, Mato Grosso do Sul state. This marks the completion of one of Brazil's largest ever private investment projects. This state-of-the-art facility will have an annual production capacity of 2.55 million tonnes of eucalyptus pulp, increasing Suzano's production capacity by more than 20% to 13.5 million tonnes a year. The project is the result of a total investment of R$ 22.2 billion (~US$4.3 billion), of which R$ 15.9 billion (~US$3.1 billion) was allocated for the construction of the plant and R$ 6.3 billion
7/22/24 4:15:25 AM ET
$SUZ
Paper
Basic Materials

Suzano Says After Negotiations With International Paper, It Has Reached What It Believes To Be The Maximum Price For The Transaction; Formalizes That It Will Not Pursue A Transaction Involving the Acquisition Of International Paper

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Recent Analyst Ratings for $IP$SUZ

$IP$SUZ Financials

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Suzano Reports Operating Cash Generation of R$4.4 Billion in the Third Quarter of 2024

International Paper Declares Quarterly Dividend

Suzano reports Adjusted EBITDA of R$6.3 billion in the second quarter of 2024

$IP$SUZ SEC Filings

SEC Form 6-K filed by Suzano S.A.

SEC Form 6-K filed by Suzano S.A.

SEC Form 8-K filed by International Paper Company

$IP$SUZ 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

$IP$SUZ Press Releases

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International Paper Announces Review of Strategic Options for Global Cellulose Fibers Business and Closure of Georgetown, S.C. Pulp and Paper Mill

Sylvamo, International Paper Terminate Georgetown Supply Agreement

International Paper Reports Third Quarter 2024 Results

$IP$SUZ Insider Trading

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$IP$SUZ Large Ownership Changes

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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)

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

$IP$SUZ Leadership Updates

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International Paper Strengthens Commitment to Nature with $15.3 Million Investment in Conservation Partnerships

International Paper Announces Changes to Its Board of Directors

Atlas Technical Consultants Announces Leadership Change, Names Jacqueline Hinman Chief Executive Officer

$IP$SUZ Market Insights

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

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

Suzano's New Eucalyptus Pulp Mill in Brazil Becomes Largest Single Production Line Globally

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