The recent activities from International Paper entail a series of strategic changes, focusing on optimizing its operations. These moves involve the closures of packaging facilities in Compton, California, and Louisville, Kentucky, affecting hundreds of employees. The company has cited weak demand as a reason for these measures. Additionally, it has formed a partnership with an outside IT firm, resulting in layoffs among Memphis-based personnel. International Paper's actions also involve exploring the possibility of building state-of-the-art sustainable packaging facilities, such as the Salt Lake City, Utah project under consideration.
Financially, the company has been enduring costs related to operational changes that have resulted in declines in its stock prices. However, Stifel has upgraded the company's stock to buy, predicting profit growth for International Paper. Their quarterly report showed losses and lower revenue than expected but a bullish anticipation of their growth is evident among agencies. Finally, the company is exiting the molded fiber market and has successfully sold its cellulose fibers unit for a whopping $1.5 billion, concluding the run of significant events.
International Paper IP News Analytics from Thu, 13 Feb 2025 08:00:00 GMT to Sat, 15 Nov 2025 00:53:37 GMT - Rating -3 - Innovation -2 - Information 3 - Rumor 4
