International Paper Company (IP) is in the spotlight based on several recent developments. The company completed its acquisition of DS Smith, post which it carried out leadership changes, and made restructuring moves in terms of exiting various business operations and closing multiple facilities. On the other hand, the company revealed plans of building a new sustainable packaging facility. AG2R LA Mondiale Gestion D Actifs, Alliancebernstein L.P., Mn Services Vermogensbeheer B.V., NorthCrest Asset Manangement LLC and several other investment firms increased their stakes in IP. However, the company also faced setbacks as it announced mass layoffs following facility closures and the decision to exit the molded fiber market. IP's CEO indicated that the company's momentum is picking up despite notable economic uncertainty. The company's earnings for Q2 were below estimates which led to a temporary dip in the share price.
International Paper IP News Analytics from Thu, 30 Jan 2025 08:00:00 GMT to Sat, 20 Sep 2025 12:08:02 GMT -
Rating -2
- Innovation 0
- Information 6
- Rumor -8
