International Paper (IP) is currently experiencing a downturn, impacting on its Q2 earnings and sending share prices into a negative spiral. The company has recently been involved in a US price-fixing class action and is set to close one of its California facilities, impacting 71 employees. The plunging shares however, didn't stop
International Paper's Packaging Power from being considered a solid investment for August, implying strong performance in this sector. The company completed the sale of five European plants to PALM Group, which may have resulted in recent cost cutting actions.
Despite the troubling matters, the company is planning to open a new
sustainable packaging facility in Salt Lake City, Utah, highlighting its commitment towards eco-friendly practices. While forecasting Q2 earnings, robust revenue guidance suggests improved future performance. Eventually exiting the molded fiber market, International Paper finalised a major acquisition of DS Smith.
Such movements indicate the company’s active stance towards strategic changes supporting growth in North America. Several closures were necessitated, commented by the lay off of 137 Texas employees and shuttering of Edinburg plants. A shift in leadership is noted with new appointments indicating strategic overhaul.
International Paper IP News Analytics from Mon, 06 Jan 2025 08:00:00 GMT to Sat, 02 Aug 2025 22:47:37 GMT -
Rating -4
- Innovation 6
- Information 8
- Rumor 2
