There are 37 article(s) tagged International Paper:

• 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

  • 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.

    By Tom Bailey April 18, 2021

  • 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. 

    By Jane Roberts April 18, 2021

• February 2021

  • 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. 

    By Tom Bailey February 01, 2021

• December 2020

  • 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.

    By Wayne Risher December 14, 2020

  • 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.

    By Wayne Risher December 03, 2020

• November 2020

  • 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.

    By Wayne Risher November 16, 2020