International Paper Company Q1 2026 Results

International Paper Company reported its first quarter 2026 financial results, with net sales of $5.97 billion and earnings from continuing operations of $76 million. The company generated $611 million in cash from operating activities and $94 million in free cash flow. A significant event during the quarter was the receipt of $1.1 billion in net proceeds from the sale of the Global Cellulose Fibers business, which was used to pay down $660 million of debt. The company also provided updated financial targets for 2026, projecting Adjusted EBITDA from continuing operations between $3.20 billion and $3.50 billion. The results were impacted by a challenging macroeconomic environment, including ongoing inflation and severe winter storms, which affected costs and operations, particularly in North America. The company is continuing with the planned separation of its Europe, Middle East, and Africa (EMEA) packaging business, with a core team focused on this strategic initiative. Management highlighted progress in commercial actions and cost-out efforts in North America, alongside productivity gains. The company is focused on executing its strategy, improving operational reliability, and managing capital rigorously.