There are 43 article(s) tagged International Paper:

• November 2024

  • Under new CEO, IP makes big changes to help it thrive

    “He’s here to fundamentally rework IP and make it successful,” a financial executive said about CEO Andy Silvernail.

    By Jane Roberts November 12, 2024

• October 2024

  • IP closing South Carolina mill, hundreds losing jobs

    The Memphis-based company’s announcement of the closing in South Carolina is in addition to previous layoff announcements.

    By Jane Roberts October 31, 2024

  • IP closing 5 plants, laying off additional 500 people

    One closing is in Cleveland, Tennessee, part of what a Truist Securities analyst calls a process of “strategic, commercial and cultural reset.”

    By Jane Roberts October 22, 2024

  • IP lays off 400 in Memphis in restructuring

    In all, the company is cutting 650 jobs, 400 of them in Memphis, its headquarters.

    By Jane Roberts October 17, 2024

  • International Paper to snap up London-based packaging company

    In April, International Paper said it had reached an agreement to acquire DS Smith and expected to close the deal by the fourth quarter. 

    By Aisling Mäki October 14, 2024

• May 2024

  • IP unlikely to sell to Brazilian company, analysts say

    According to one analyst, it may make more sense for IP to explore selling its fluff pulp business to Suzano instead of the entire company. 

    By Jane Roberts May 08, 2024

• April 2024

  • IP to buy London-based packaging company for $10B

    “Combining with DS Smith is a logical next step in IP’s strategy to drive profitable growth by strengthening our global packaging business,” said International Paper CEO Mark S. Sutton.

    By Jane Roberts April 16, 2024

• March 2024

  • International Paper board names new CEO

    “I’m honored and proud to be a part of International Paper, a strong and resilient company and a force for good in communities around the world,” Silvernail said in a statement.

    By Jane Roberts March 20, 2024

• October 2023

  • International Paper actions to affect 900 workers

    Memphis-based International Paper plans to permanently close its containerboard mill in Orange, Texas, and cease operations at two of its pulp machines.

    By Rob Moore October 18, 2023

• September 2023

  • International Paper planning succession of CEO Mark Sutton

    IP announced Wednesday, Sept. 6, a request from its chairman and CEO Mark Sutton to the company’s board of directors to begin looking for his successor. 

    By Rob Moore September 07, 2023

• May 2023

  • International Paper urges shareholders to reject recent offer

    A mini-tender offer is an offer made to buy a company’s shares directly from its current investors, usually in an amount less than 5% of issued stock.

    By Rob Moore May 13, 2023

• April 2023

  • International Paper offers mixed results amidst weaker global demand

    International Paper’s adjusted operating earnings were $185 million in the quarter compared to $195 million during the same period last year. 

    By Rob Moore April 27, 2023

  • Meet International Paper’s board of directors

    When IP’s shareholders meet in May for its annual meeting, they will be asked to reappoint all 11 of the board members.

    By Rob Moore April 03, 2023

• March 2023

  • How much did International Paper’s top executives earn in 2022?

    IP disclosed how much its executives earned in 2022, including its CEO Mark Sutton, who earned more than $13 million last year through a combination of salary, stocks and incentives. 

    By Rob Moore March 28, 2023

• January 2023

  • 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: 

    International Paper to invest $103 million in Iowa plant

    By Rob Moore January 25, 2023

• November 2022

  • 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.

    By Rob Moore November 14, 2022

• October 2022

  • 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. 

    By Rob Moore October 27, 2022

• March 2022

  • 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.

    By The Associated Press March 13, 2022

• January 2022

  • 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. 

    By Rob Moore January 28, 2022

• October 2021

  • 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.

    By Frida Qi October 27, 2021

• July 2021

  • Memphis gaining sixth Fortune 1000 company

    Memphis will soon be home to the corporate headquarters of six of the nation’s biggest companies.

    By Tom Bailey July 27, 2021

  • Sylvamo chooses East Memphis for world headquarters

    Sylvamo, the spinoff from International Paper, will locate its global headquarters in East Memphis.

    By Tom Bailey July 23, 2021

• June 2021

  • 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.

    By The Daily Memphian Staff June 07, 2021

• April 2021

  • 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.

    By Blake Fontenay April 29, 2021

  • 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.

    By Tom Bailey April 21, 2021