Key events, in time order
Earnings call and Zacks confirm Q2 results, with Q3 EBITDA target and 2026 guidance
Multiple firms updated ratings; JPMorgan's upgrade to Overweight with higher PT is confirmed
CEO scheduled to speak at industry conference on Sep 10, routine executive engagement
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Facts and opinions separated · All items sourced · Not investment advice
International Paper makes the corrugated cardboard boxes that ship everything from diapers to electronics, plus the pulp used in tissues and hygiene products. Think of them as the backbone of global packaging, turning trees into the boxes stacked on every load
Money comes from selling containerboard and pulp to converters and manufacturers. Gross margin sits around 27.75%, but recent years show losses, with net margin at -14.20% and a net loss of USD 3.52B in 2025, so profitability is currently shaky.
Scale and integrated forests give cost advantages, but competition from WestRock, Smurfit Kappa, and Pratt Industries is intense, and the 2025 operating loss of USD 2.82B shows the moat is eroding under pricing pressure and demand shifts.
