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International Paper's stock surged over 6% after a bullish investor day, adding to a strong year with shares up nearly 38%. The DS Smith acquisition transformed IP's geographic and business mix, reducing cyclicality and creating significant cost-cutting opportunities across its expanded European footprint. IP forecasts up to $6 billion of EBITDA and $2 billion of free cash flow by 2027, driven by synergies and market growth.
International Paper stock climbs as its updated financial targets, revised synergy projection from DS Smith and growth strategies impress the market.
Major U.S. equities indexes eked out minor gains on Tuesday, even as the latest Consumer Confidence Index data showed economic expectations declined in March, reaching their lowest point in over a decade.
International Paper said on Thursday it was shutting down four production facilities in the U.S. and laying off about 1% of its global workforce to tackle softer demand for its packaging products from e-commerce and consumer goods firms.
International Paper Company (NYSE:IP ) Q4 2024 Earnings Conference Call January 30, 2024 10:00 AM ET Company Participants Jose Maria Rodriguez Meis - VP, IR Andrew Silvernail - CEO & Chairman Mark Nellessen - North American Packaging Solutions Business Conference Call Participants Mark Weintraub - Seaport Research Partners Phil Ng - Jefferies Mike Roxland - Truist Securities Mat McKellar - RBC Capital Markets Charlie Muir-Sands - BNP Paribas Gabe Hajde - Wells Fargo Securities Operator Good morning and thank you for standing by. Welcome to International Paper's Fourth Quarter 2024 Earnings Call.
International Paper's Q4 revenues decline year over year, reflecting lower volumes in both segments, which were somewhat offset by improved pricing.
Although the revenue and EPS for International Paper (IP) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
International Paper (IP) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to earnings of $0.41 per share a year ago.
IP's Q4 results are likely to reflect the impact of two fewer shipping days on volumes, which will be somewhat offset by higher prices.
International Paper (IP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Growing e-commerce and demand for sustainable packaging boost prospects of the Zacks Paper and Related Products industry, thereby benefiting IP, SUZ, KLBAY and SLVM.