Quarterly ResultApr 30, 2026, 07:22 AM
IP Q1 Net Sales $5.97B; EPS $0.14; EMEA Separation Update
AI Summary
International Paper (IP) announced its first quarter 2026 financial results, reporting net sales of $5.97 billion and earnings from continuing operations of $76 million, a significant improvement from a loss in the prior year. The company also provided an update on the planned separation of its Europe, Middle East and Africa (EMEA) packaging business and adjusted its 2026 full-year Adjusted EBITDA target to $3.20-$3.50 billion, reflecting a volatile environment. IP noted meaningful progress in North America but acknowledged challenges from a tougher macro environment, including inflation and a severe winter storm.
Key Highlights
- IP Q1 2026 net sales were $5.97 billion, up 13.4% from Q1 2025.
- Earnings from continuing operations were $76 million, compared to a $(124) million loss in Q1 2025.
- Diluted EPS from continuing operations was $0.14, up from $(0.28) in Q1 2025.
- Adjusted EBITDA from continuing operations was $677 million, a slight decrease from $689 million in Q1 2025.
- Cash provided by operating activities was $611 million, a significant improvement from $(288) million in Q1 2025.
- Free cash flow was $94 million, up from $(618) million in Q1 2025.
- Received $1.1 billion net proceeds from the Global Cellulose Fibers business sale and paid down $660 million of debt.
- Adjusted 2026 full-year target for Adjusted EBITDA from continuing operations is $3.20-$3.50 billion.