Highest-materiality recent filing
International Paper reports Q1 net sales $5.97B, earnings $76M, adjusts 2026 EBITDA target
Net sales $5.97B, up 13.4% YoY; earnings from cont. ops $76M vs loss of $124M in Q1 2025.
Plans to create two independent, publicly traded packaging companies in North America and EMEA; separation details to follow.
International Paper completes sale of Global Cellulose Fibers to AIP for $1.5B
Closed Jan 23, 2026; total purchase price $1.5B including $190M preferred stock in Absorbent Fiber Topco.
International Paper reports Q3 loss of $426M from cont. ops; adj. operating EPS $(0.43)
Diluted EPS from continuing ops $(0.81) vs $0.14 in Q2 2025 and $0.31 in Q3 2024.
Sale of GCF to American Industrial Partners for $1.5B (including $190M preferred) expected to close by end-2025.
IP to sell Global Cellulose Fibers to AIP for $1.5B; announces mill closures and $250M investment
Definitive agreement to sell GCF business to American Industrial Partners for $1.5B (incl. $190M preferred stock); close by end of 2025.
IP Q2 adjusted EPS $0.20 vs $0.55 YoY; revenue $6.8B includes DS Smith
Net earnings of $75M ($0.14 diluted EPS) vs $498M ($1.41) in Q2 2024; adjusted EPS $0.20 vs $0.55.
Amendment No. 9 to Pension Restoration Plan lets GCF employees continue earning service time and qualify for early retirement while employed by acquiring company.
International Paper Q1 net loss $105M; adjusted EPS $0.23; revenue up 28% to $5.9B
Net loss $105M ($0.24 diluted); adjusted operating earnings $101M ($0.23).
Plants in France (3, in Normandy), Portugal (Ovar), and Spain (Bilbao).
International Paper promotes Nicholls to lead DS Smith EMEA; appoints Loeffler as CFO
Tim Nicholls named EVP and President of DS Smith (EMEA), effective April 1, 2025, overseeing integration and growth.
International Paper closes four facilities, expects $357M pre-tax charge
Permanent closure of Red River containerboard mill (Campti, LA), recycling plant (Phoenix), box plant (Hazleton, PA), and sheet feeder (St. Louis, MO) by end of April 2025.
International Paper completes acquisition of DS Smith Plc; closed Jan 31, 2025
Acquisition of DS Smith Plc closed on January 31, 2025, in an all-stock transaction.
International Paper completes DS Smith acquisition; 34.1% dilution, $514M synergy target
IP issued ~179.8M new shares (0.1285 per DS Smith share) to complete the acquisition.
IP FY2024 net earnings $557M ($1.57/sh), adj. $1.13; Q4 net loss $147M
Full-year 2024 net sales $18.6B vs $18.9B in 2023; net earnings $557M ($1.57 EPS) vs $288M in 2023.
EC clears IP-DS Smith deal subject to plant divestitures; expected to close Jan 31
European Commission issued conditional Phase I clearance on Jan 24, requiring divestiture of plants in Mortagne, Saint-Amand, Cabourg (France), Ovar (Portugal), Bilbao (Spain).
International Paper publishes UK supplementary prospectus for DS Smith all-stock deal
On Nov 4, 2024, published supplementary prospectus under UK FCA rules to support admission of IP shares to London Stock Exchange.
International Paper reports Q3 2024 net earnings of $150M; adjusted EPS $0.44, above outlook
Net earnings $150M ($0.42 diluted EPS); adjusted operating EPS $0.44, above company outlook.
IP shareholders overwhelmingly approve DS Smith acquisition; closing expected late Q4 2024
IP shareholders approved share issuance for DS Smith acquisition with 281.9M votes for (99.7% of votes cast).
IP and DS Smith set shareholder meetings: Oct 7 (DS Smith) and Oct 11 (IP) for all-stock deal
IP published U.K. prospectus for London Stock Exchange listing in connection with the DS Smith acquisition.
International Paper Q2 2024 net earnings $1.41/shr on tax benefit; adjusted EPS $0.55
Net earnings of $498M ($1.41/shr) includes $338M tax benefit from legal entity restructuring.
International Paper's HSR waiting period expires for DS Smith acquisition; deal expected Q4 2024
HSR waiting period expired, removing key U.S. antitrust bar to closing the all-share combination.
International Paper Q1 adj EPS $0.17 vs $0.53 YoY; revenue $4.62B; DS Smith deal on track
Q1 net earnings $56M ($0.16 diluted EPS); adjusted EPS $0.17 vs $0.53 YoY.
International Paper to acquire DS Smith in all-stock $9.9B deal, creating global packaging leader
DS Smith shareholders receive 0.1285 IP shares per share; pro forma ownership 66.3% IP, 33.7% DS Smith.
IP targets $514M pre-tax synergies from DS Smith deal; April 23 deadline set
At least $514M annual pre-tax cash synergies expected by end of 4th year post-completion.
International Paper proposes all-equity acquisition of DS Smith at 48% premium
All-equity proposal: 0.1285 IP shares per DS Smith share, valuing DS Smith at 415 pence per share (48% premium to undisturbed price of 281p).
International Paper appoints Andrew Silvernail as CEO, effective May 1; Sutton remains Chairman
Andrew Silvernail, 53, joins from KKR & Co.; previously CEO of IDEX (2011-2020) where total shareholder return grew >500%.
IP posts Q4 net loss of $284M, full-year adjusted EPS $2.16 on $18.9B revenue
Q4 net loss of $284M ($0.82 diluted loss); full-year net earnings $288M ($0.82 diluted EPS).
Adjusted operating earnings $224M ($0.64 per diluted share) vs $300M ($0.83) in Q3 2022.
IP to close Orange mill, cease pulp production; expects ~$664M pre-tax charges
Permanent closure of Orange, TX containerboard mill (800K tons capacity); all operations expected to cease by year-end.
International Paper completes sale of 50% Ilim JV stake for $484M; total $508M cash
Sold 50% interest in ILIM SA to JV partners for $484M cash, plus shares in JSC Ilim Group for $24M.
appointed Lance T. Loeffler, 48, as senior vice president and chief financial officer of the Company, effective April 1, 2025.
appointed Timothy S. Nicholls, 63, as executive vice president and president – DS Smith, an International Paper company, leading our business in Europe, Middle East and Africa (“EMEA”), effective April 1, 2025.
appointed David A. Robbie to serve as an independent director to the Board effective immediately.
On September 10, 2024, Mark S. Sutton provided notice to the Board of Directors (the “Board”) of his intent to retire as chairman of the Board and also as a member of the Board of International Paper Company (the “Company”) effective September 30, 2024.
The Board, on September 10, 2024, then appointed Andrew K. Silvernail as chairman of the Board effective October 1, 2024.
On August 25, 2024, the Board of Directors of International Paper Company (the “Company”) appointed W. Thomas Hamic, 57, to the position of executive vice president and president - North American Packaging Solutions, effective September 1, 2024 (the “Effective Date”).
On August 12, 2024, International Paper Company (“Company”) determined that Tom Plath, Senior Vice President of Human Resources and Corporate Affairs, will leave the Company at the end of the year.
On May 21, 2024, the Board, upon the recommendation of the Company’s Governance Committee, elected Jamie A. Beggs, 47, and Scott A. Tozier, 58, to serve as independent directors to the Board effective immediately.
On May 21, 2024, the Board, upon the recommendation of the Company’s Governance Committee, elected Jamie A. Beggs, 47, and Scott A. Tozier, 58, to serve as independent directors to the Board effective immediately.
On May 21, 2024, Ilene S. Gordon, a member of the Board of Directors (the “Board”) of International Paper Company (the “Company”), informed the Company she would resign effective May 21, 2024.
On May 14, 2024, the Board of Directors (the “Board”) of International Paper Company (the “Company”) elected Andrew K. Silvernail to the Board effective immediately.
On March 13, 2024, the Board of Directors of International Paper Company (the “Company”) appointed Andrew K. Silvernail, 53, to the position of chief executive officer, effective May 1, 2024 or such other dates as the parties may mutually agree (the “Effective Date”).
Max materiality 0.95 · Median 0.65 · Most common event m_and_a