The performance of International Paper (IP) is highlighted by a 19-year track record in ethical leadership. Having completed an acquisition of DS Smith, International Paper is poised to become a global leader in sustainable packaging. However, to align with its growth goals, IP has announced multiple facility closures together with the cut of approximately 674 jobs. These maneuvers are part of a strategic review and a broader turnaround strategy. Despite the challenges, IP has consistently maintained a healthy dividend payout. The new CEO's approach is deemed a 'strong turnaround' story.
Moreover, there have been several changes at the top with key DS Smith executives becoming part of the IP leadership. Europe's regulatory authorities have given clearance for IP's bid for DS Smith after several concessions. Some setbacks, however, include missing Q4 sales targets and further speculation on more layoffs. Nonetheless, analysts remain divided in their outlook of IP's stock. Continued commitment to development and investment in its facilities and sustainability are noted as well.
International Paper IP News Analytics from Tue, 09 Jul 2024 07:00:00 GMT to Tue, 11 Mar 2025 16:27:42 GMT - Rating 4 - Innovation 2 - Information 6 - Rumor -6
