Several developments have recently shaped the trajectory of the International Paper Company (IP). The company has embarked on strategic changes in North America, which includes closing facilities and containerboard mills, affecting a considerable number of employees. Despite these downsizing efforts, research firms Argus and Stifel have maintained their 'Buy' recommendation on the company's stocks, expressing optimism on potential profit growth. Notably, IP's performance has had its ups and downs, with the company reporting both share price rebounds and declines, as well as falling short of analysts' sales estimates in Q3.
One crucial turn of events is International Paper's sale of its Global Cellulose Fibers Business to American Industrial Partners for $1.5 billion. The company has also completed the divestiture of five European corrugated box plants following regulatory commitments from the acquisition of DS Smith Plc. Despite these strategic exits, IP is looking to expand by exploring the construction of a new sustainable packaging facility in Salt Lake City, Utah. Looking ahead, the company's CEO anticipates an acceleration in momentum, even as macro conditions continue to pose challenges.
International Paper IP News Analytics from Wed, 26 Mar 2025 07:00:00 GMT to Sat, 27 Dec 2025 12:59:01 GMT - Rating 2 - Innovation -5 - Information 5 - Rumor -4
