International Paper to sell remaining Russian interests
IP will sell its remaining interest to its joint venture partners for $484 million, according to a statement from the Memphis-based company. Related coverage:
Topic: International Paper
RSSThere are 29 article(s) tagged International Paper:
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January 2023
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November 2022
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Memphis-based Sylvamo reports strong quarter
Sylvamo’s strong quarter is in contrast to other Memphis-based companies, particularly FedEx and International Paper, both of which reported lower-than-expected earnings in their most recent quarters.
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October 2022
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IP earnings impacted by lower consumer spending
The Memphis-based company reported lower earnings for its third quarter, as consumers’ buying habits drove a decrease in demand for packaging.
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March 2022
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Memphis-based companies with ties to Russia risk losing assets
Russian courts can appoint external administrators for companies that cease operations and are at least 25% foreign-owned, if a plan favored by Vladimir Putin is approved.
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January 2022
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International Paper reports 4th-quarter earnings, full year 2021
International Paper reported fourth-quarter earnings of $.78 per share. Wall Street analysts expected $.87 per share.
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October 2021
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International Paper’s third-quarter earnings miss estimates
International Paper Co.’s third-quarter net income was $864 million. Earnings, adjusted for non-recurring gains, were $1.35 per share, falling short of Wall Street expectations of $1.46 per share.
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July 2021
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Memphis gaining sixth Fortune 1000 company
Memphis will soon be home to the corporate headquarters of six of the nation’s biggest companies.
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Sylvamo chooses East Memphis for world headquarters
Sylvamo, the spinoff from International Paper, will locate its global headquarters in East Memphis.
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June 2021
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International Paper donates to Mid-South Food Bank
A $300,000 grant from International Paper to the Mid-South Food Bank is the first installment in a three-year, $900,000 pledge.
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April 2021
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International Paper reports strong quarterly results in spite of COVID, bad weather
Bad weather and COVID-19 notwithstanding, Memphis-based International Paper outperformed analysts’ expectations in the first quarter of this year. Strong demand for e-commerce has helped boost financial numbers for the producer of industrial packaging.
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Sylvamo focused on Memphis for its global headquarters
Executives of the printing paper-making company that is spinning off from International Paper expect to decide by October where to put their global headquarters.
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New firm could put global headquarters in Memphis
Sylvamo Corporation, a new spin-off of International Paper, is considering where to put its global headquarters that will create 300 jobs paying $179,000 on average in salaries and bonuses, or $217,133 a year including benefits.
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A fourth COVID surge would affect the young, workforce
Current disease modeling of the U.K. variant, 50% more contagious than the original Wuhan strain of coronavirus, shows Shelby County cases could rise to 300 to 400 a day. This can pose a problem for employers already struggling to fill positions.
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February 2021
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Confidence pays off for president of Memphis Area Association of Realtors
Cassandra Bell-Warren credits her mother and grandmother for the self-confidence and curiosity that has helped her experience the world she never saw from her childhood home in South Memphis.
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December 2020
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Memphis impact of International Paper spinoff isn’t clear yet
International Paper envisions proposed spinoff printing papers company would remain U.S.-based, but impact of transaction on Memphis headquarters isn’t clear yet.
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International Paper to spin off printing paper, double down on packaging
Memphis-based International Paper said Thursday, Dec. 3, it would spin off its printing papers segment and concentrate on growing corrugated packaging, an essential component of e-commerce.
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November 2020
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Regime change could benefit Memphis economy
A Democrat in the White House and divided control of Congress may be good for the city: relaxed trade and immigration policies, more stimulus spending, status quo on taxes.
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October 2020
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International Paper adapting to growing e-commerce demand
Industrial packaging sales were the company’s strongest segment, reflecting continued demand for corrugated cardboard for shipping boxes.
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When will Memphis’ largest companies be back in the office? Not for a while
Larger employers in Memphis don’t expect to relax work-at-home protocols for office workers until next year, and some experts believe virtual commuting will stick around after COVID-19 is contained.
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September 2020
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Boats, booze and Fido: Some businesses are winning despite COVID
Some Memphis small businesses are doing well, even growing, during the COVID-19 pandemic: A look at Memphis Boat Center, Hollywood Feed, Phoenix Communications, Kirby Wines & Liquor, Crone Construction.
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August 2020
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International Paper nets more cash from Graphic Packaging stake
International Paper is selling a block of shares in Graphic Packaging for the second time this year, as part of continuing effort to generate cash from the 2018 equity investment.
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July 2020
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International Paper earnings beat expectations
International Paper surprised Wall Street Thursday with results for its first full quarter of navigating the COVID-19 pandemic.
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June 2020
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Give901 needs help to buy books for area children
Memphis nonprofit will donate 1,300 summer learning kits for area children.
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April 2020
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International Paper cites ‘solid first quarter’ amid sales declines
International Paper reported adjusted earnings of 57 cents a share for the quarter, with strong immediate demand for corrugated packaging and pulp offset by lower demand for printing paper.
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December 2019
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Whitehaven Library to unveil Teen Innovation Center
International Paper funded the new center.
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About 29 results