International Paper Company: Mixed — EPS $0.37, Revenue $6.2B
Mixed ResultQ3 2026 · Pre-market
Did International Paper Company (IP) beat earnings today?
It was a mixed report for Q3 2026 — International Paper Company (IP) beat on EPS but missed on revenue.
Earnings Per Share+27.59% surprise
$0.37Actual
Expected: $0.29
vs. year ago +186.1%
Total Revenue-1.48% surprise
$6.2BActual
Expected: $6.29B
vs. year ago -0.4%
Released Oct 28 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net Sales | $6.20B | $6.22B | -0.4% |
| Revenue detail — reported lines | |||
| └─Packaging Solutions North America | $3.88B | $3.90B | -0.5% |
| └─Packaging Solutions EMEA | $2.28B | $2.31B | -1.3% |
| └─Corporate and Inter-segment Sales | $37.00M | $14.00M | +164.3% |
| Diluted EPS | $(2.07) | $(0.81) | - |
| Adjusted Operating EPS | $0.37 | $(0.43) | - |
| Net Earnings (Loss) | $(1,126)M | $(1,102)M | - |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY 2026 Outlook |
|---|---|---|
| Business Segment Operating Profit | $460M-$500M | $1,345M-$1,385M |
| Depreciation and amortization | $245M | $943M |
| Recycling Business EBITDA | $5M | $18M |
| PS NA Adjusted EBITDA | $700M-$740M | $2,270M-$2,310M |
Business Highlights
- ➤Advanced the planned separation of the EMEA packaging business into independent DS Smith plc.
- ➤EMEA leadership will host a Capital Markets Day in London on November 3, 2026.
- ➤The EMEA team will outline the new company’s business model, growth strategy and post-separation outlook.
- ➤Completed a full quarter of earnings contribution from the NORPAC mill acquisition.
- ➤Improved mill performance, including the non-repeat of the Riverdale paper machine conversion.
- ➤Continued restructuring and cost-out initiatives across the EMEA packaging business.
- ➤Suspended operations at the Pine Hill facility.
- ➤Continued building a structurally lower-cost North American business and strengthening supply position.
Management Commentary
Andy Silvernail, Chairman and CEO
“Our third-quarter results reflect meaningful progress on our strategy despite persistent macro headwinds. In North America, we are improving our operational performance, building a structurally lower-cost business and realizing the benefits of prior pricing actions, while continuing to create value for our customers. In EMEA, we executed well on our ongoing restructuring and cost-out initiatives, while the macro environment continued to weigh on results and pace of margin recovery.”
Andy Silvernail, Chairman and CEO
“We are executing on the core controllables in a more challenging world. We remain focused on building an advantaged cost position, delivering a superior customer experience and strengthening our relative supply position. At the same time, we are advancing the separation of our EMEA packaging business. We have conviction in our strategy, confidence in our ability to execute and a clear path to becoming a stronger International Paper that delivers value for all stakeholders.”