International Paper Co (IP)

NYSE:IP

International Paper Co

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International Paper Co (IP) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 23, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

>-0.01

Last Year’s EPS

0.2

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 9 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 30, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a balanced picture: clear, measurable operational and strategic progress (volume outperformance, productivity gains, targeted investments, EMEA cost saves, strategic acquisition, and a defined path to H2 improvement) but also material near-term headwinds (revised guidance, weather impacts, higher-than-expected transformation costs, freight/energy inflation, and temporary margin compression in EMEA). Management articulated specific remediation steps and expects a significant step-up in the second half, but near-term results and cash generation were pressured.

Company Guidance

International Paper updated full‑year 2026 guidance to adjusted EBITDA of $2.35–$2.5 billion for Packaging Solutions North America and $900 million–$1.0 billion for Packaging Solutions EMEA, implying enterprise adjusted EBITDA of $3.2–$3.5 billion and free cash flow of roughly $300–$500 million. For Q2 the company sees Packaging Solutions North America adjusted EBITDA of about $380–$410 million and Packaging Solutions EMEA of about $150–$170 million; Q1 enterprise results included adjusted EBITDA of $677 million, adjusted EBIT of $188 million, margins of 11.3%, free cash flow of $94 million (including a $280 million tax refund), Packaging Solutions NA EBITDA of $477 million and EMEA EBITDA of $208 million. Operational and market metrics and drivers noted: North America box volumes +2.5% y/y on a per‑day basis vs. industry −0.3% (≈3% outperformance), Q2 NA volumes expected ≈+3% (industry flat) and full‑year outperformance of ≈2%, industry demand now ~flat y/y (versus prior flat to +1%), box productivity +7% since Q3‑2024, mills self‑generate >70% of energy in NA, investments ≈50% more per facility in 2025–2027 vs. the prior 3‑year average, NORPAC acquisition expected to deliver high‑teens returns, EMEA run‑rate cost savings increased ≈$40 million to >$200 million with 31 closures affecting >2,800 positions, and expected second‑half step‑ups: PS NA first‑half $900 million with a ~$650 million second‑half uplift (≈$300M price/volume/mix, ~$150M 80/20 cost‑outs, ~$150M outage timing benefits, ~$100M Riverdale conversion first‑half drag, offset by ~$50M macro headwind) and PS EMEA second‑half EBITDA of $540–$620 million (driven by ≈$110M margin/commercial recovery, ~$40M cost‑out and ~$50M energy normalization).

North America Volume Outperformance

North American box volumes rose 2.5% year-over-year on a per-day basis in Q1 versus an industry decline of 0.3%, delivering roughly a 3% outperformance for the third consecutive quarter; Q2 NA volumes expected to be up ~3% with industry flat and full-year outperformance targeted at ~2%.

Productivity and Capacity Improvements

Box productivity improved 7% since Q3 2024 and capacity utilization in the mill system has meaningfully improved, supported by elevated capital investment and lighthouse operating practices.

Targeted Capital Deployment

More than 80 major investments across mills and box plants planned or underway (corrugators, converting equipment, specialty capabilities); company is investing ~50% more per facility in 2025–2027 versus the prior 3-year average to rebuild reliability and modernize assets.

Strategic Acquisition — NORPAC

Announced bolt-on acquisition of the NORPAC paper mill (West Coast) which includes three paper machines (two producing recycled lightweight containerboard); management expects post-integration returns in the high teens and meaningful freight/cost advantages on the West Coast.

EMEA Footprint and Cost Savings Progress

EMEA run-rate cost savings increased from ~$160M to more than $200M since last quarter; 31 closures completed or in process and net reduction of >2,800 positions as part of footprint optimization.

Solid Q1 Financials and Balance Sheet Actions

Consolidated Q1 adjusted EBITDA of $677M (11.3% margin) and adjusted EBIT of $188M; generated $94M free cash flow in the quarter (including a one-time $280M tax refund) and received $1.1B from the sale of GCF which funded $660M of debt paydown.

Clear Back-Half Improvement Plan and Guidance

Updated full-year targets: Packaging Solutions North America adjusted EBITDA $2.35B–$2.5B and EMEA $0.9B–$1.0B (enterprise $3.2B–$3.5B); management expects a $650M step-up from H1 to H2 for NA driven by pricing/volume/mix, 80/20 cost-outs (~$150M), and outage timing.

International Paper Co (IP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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IP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2026	2026 (Q2)	>-0.01 / -	0.2	―	―	―
Apr 30, 2026	2026 (Q1)	0.15 / 0.15	0.23	-34.78% (-0.08)
Jan 29, 2026	2025 (Q4)	0.27 / -0.08	-0.02	-300.00% (-0.06)
Oct 30, 2025	2025 (Q3)	0.47 / -0.43	0.44	-197.73% (-0.87)
Jul 31, 2025	2025 (Q2)	0.39 / 0.20	0.55	-63.64% (-0.35)
Apr 30, 2025	2025 (Q1)	0.38 / 0.23	0.17	35.29% (+0.06)
Jan 30, 2025	2024 (Q4)	-0.07 / -0.02	0.41	-104.88% (-0.43)
Oct 31, 2024	2024 (Q3)	0.26 / 0.44	0.64	-31.25% (-0.20)
Jul 24, 2024	2024 (Q2)	0.41 / 0.55	0.59	-6.78% (-0.04)
Apr 25, 2024	2024 (Q1)	0.22 / 0.17	0.53	-67.92% (-0.36)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2026	$33.58	$30.42	-9.41%
Jan 29, 2026	$41.08	$38.62	-6.00%
Oct 30, 2025	$43.26	$37.78	-12.66%
Jul 31, 2025	$51.94	$45.27	-12.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does International Paper Co (IP) report earnings?

International Paper Co (IP) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).

What is International Paper Co (IP) earnings time?

International Paper Co (IP) earnings time is at Jul 23, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is IP EPS forecast?

IP EPS forecast for the fiscal quarter 2026 (Q2) is >-0.01.