International Paper (IP)
Makes corrugated packaging, containerboard, displays, and recycling solutions across North America and EMEA.
$35.93
vs last close+0.60 (+1.68%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,613 | 4,601 | 4,619 | 4,734 | 4,686 | 4,580 | 5,901 | 6,767 | 6,222 | 6,006 | 5,971 | 6,004 |
| Cost of revenue | 3,603 | 3,971 | 3,424 | 3,360 | 3,342 | 3,250 | 4,259 | 4,876 | 4,287 | 4,123 | 4,733 | 4,344 |
| Gross profit | 1,010 | 630 | 1,195 | 1,374 | 1,344 | 1,330 | 1,642 | 1,891 | 1,935 | 1,883 | 1,238 | 1,660 |
| 707 | 369 | 1,068 | 1,128 | 1,169 | 1,402 | 1,677 | 1,685 | 2,361 | 4,448 | 1,064 | 1,615 | |
| 668 | 330 | 749 | 832 | 865 | 869 | 1,013 | 1,156 | 1,017 | 1,088 | 1,023 | 1,087 | |
| Selling & marketing | 382 | 395 | 391 | 379 | 357 | 348 | 483 | 578 | 524 | 543 | 513 | 523 |
| General & administrative | 286 | −65 | 358 | 453 | 508 | 521 | 530 | 578 | 493 | 545 | 510 | 564 |
| Other expenses | 39 | 39 | 319 | 296 | 304 | 533 | 664 | 529 | 1,344 | 3,360 | 41 | 528 |
| Operating income | 303 | 261 | 127 | 246 | 175 | −72 | −35 | 206 | −426 | −2,565 | 174 | 45 |
| −72 | −606 | −44 | −41 | −96 | −153 | −101 | −91 | −250 | −89 | −81 | −71 | |
| Interest income | 47 | 58 | 63 | 52 | 55 | 52 | 52 | 36 | 88 | 0 | 56 | 0 |
| Interest expense | 105 | 110 | 109 | 107 | 106 | 108 | 133 | 143 | 1 | 95 | 132 | 87 |
| Other non-operating income | −34 | 477 | −67 | −67 | −11 | 44 | −33 | −53 | 249 | −6 | 5 | −16 |
| Income before tax | 231 | −345 | 83 | 205 | 79 | −225 | −136 | 115 | −676 | −2,654 | 93 | −26 |
| Income tax expense | 39 | −61 | 27 | −293 | −71 | −78 | −31 | 40 | −250 | −291 | 17 | −15 |
| Net income from continuing operations | 192 | −284 | 56 | 498 | 150 | −147 | −105 | 75 | −426 | −2,363 | 76 | −11 |
| Discontinued operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −676 | −21 | −16 | 0 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −1 |
| Net income | 192 | −284 | 56 | 498 | 150 | −147 | −105 | 75 | −1,102 | −2,384 | 60 | −12 |
| EPS, basic | $0.47 | −$0.82 | $0.16 | $1.43 | $0.43 | −$0.42 | −$0.24 | $0.14 | −$2.09 | −$4.52 | $0.11 | −$0.02 |
| EPS, diluted | $0.55 | −$0.82 | $0.16 | $1.41 | $0.42 | −$0.42 | −$0.24 | $0.14 | −$2.09 | −$4.52 | $0.11 | −$0.02 |
| Weighted average shares, basic | 351 | 346 | 347 | 347 | 347 | 347 | 438 | 528 | 528 | 528 | 532 | 530 |
| Weighted average shares, diluted | 348 | 346 | 349 | 353 | 353 | 347 | 438 | 533 | 528 | 528 | 532 | 530 |
| EBITDA | 595 | 480 | 472 | 574 | 453 | 383 | 569 | 739 | 424 | −1,862 | 658 | 549 |
| Depreciation & amortization | 258 | 696 | 278 | 261 | 267 | 499 | 571 | 480 | 1,099 | 697 | 489 | 488 |
| EBIT | 337 | −216 | 194 | 313 | 186 | −116 | −2 | 259 | −675 | −2,559 | 169 | 61 |
