International Paper Reports $1.10 Billion Third-Quarter Loss
International Paper reported third-quarter 2026 net sales of $6.20 billion and a $1.10 billion loss from continuing operations. The loss included a non-cash $1.38 billion goodwill impairment charge for its Packaging Solutions EMEA business.
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11:33:08 AM UTC
SquawkNews
International Paper announced its financial results for the third quarter of 2026, reporting net sales of $6.20 billion. The company recorded a loss from continuing operations of $1.10 billion, which includes a $1.38 billion non-cash goodwill impairment charge related to its Packaging Solutions EMEA business segment. Adjusted EBITDA from continuing operations was reported at $843 million. Chairman and CEO Andy Silvernail noted that the results reflect progress on the company's strategy despite macro headwinds, highlighting operational improvements and cost-reduction efforts in North America. Additionally, the company stated it is no longer providing financial guidance for the Packaging Solutions EMEA segment due to the planned separation of that business and associated U.K. regulatory requirements.
11:40:27 AM UTC
SquawkNews
By Adriano MarcheseInternational Paper's third-quarter loss widened, dragged by a noncash impairment charge in its European packaging division.The packaging company on Wednesday posted a widened loss of $1.13 billion, or $2.13 a share, compared with a loss of $1.1 billion, or $2.09 a share, in the…
International Paper reported third-quarter 2026 net sales of $6.20 billion and a $1.10 billion loss from continuing operations. The loss included a non-cash goodwill impairment charge of $1.38 billion for its Packaging Solutions EMEA business. Adjusted operating earnings were $197 million, or $0.37…