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International Paper 8-K Report, Financial Results (Apr 30, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 30, 2026
Period End
April 30, 2026
Securities
IPINPAP
In the record · 2016–202610-K1110-Q328-K153

IP filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 153 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’16May ’16
  2. Leadership change8-K · Feb ’19Feb ’19
  3. Material agreement8-K · Jun ’21Jun ’21
  4. Leadership change8-K · May ’25May ’25

01—Abstract

Summary

Summary of the 8-K filed April 30, 2026. Cited figures are marked; the original filing is the authoritative source.

International Paper Company issued a press release on April 30, 2026 reporting preliminary, unaudited results for the fiscal quarter ended March 31, 2026, and furnished it as Exhibit 99.1.

First-quarter net sales were $5.97 billiona, compared with $5.26 billion in the first quarter of 2025 and $6.01 billion in the fourth quarter of 2025. Earnings from continuing operations were $76 million, versus a loss of $124 million a year earlier, and adjusted EBITDA from continuing operations was $677 million, compared with $689 million in the prior-year quarter. Cash provided by operating activities was $611 million and free cash flow was $94 million.

The company received $1.1 billionb of net proceeds from the sale of the Global Cellulose Fibers business and paid down $660 million of debt during the quarter. The company attributed the quarter's pressures to a tougher macro environment, including ongoing inflation and a severe winter storm. Packaging Solutions North America segment operating profit was $248 million, while Packaging Solutions EMEA posted an operating loss of $51 million.

Management said it will host a call on the same day to update investors on the separation of its Europe, Middle East and Africa packaging business and to adjust its 2026 full-year target. The updated targets call for second-quarter adjusted EBITDA from continuing operations of $520 million to $570 millionc and full-year adjusted EBITDA of $3.20 billion to $3.50 billion. The company intends to file its Form 10-Q on May 5, 2026, which will finalize these preliminary results.

The filing is furnished under Item 2.02 and is not deemed filed for Section 18 purposes. Investors should weigh the strong cash-flow improvement and debt reduction against continuing operating cost pressures and the pending EMEA separation, and should note that the company's non-GAAP measures are preliminary.

02—Key points

Key Highlights

  1. Net sales of $5.97 billion, up from $5.26 billion in Q1 2025 and down from $6.01 billion in Q4 2025.
  2. Earnings from continuing operations of $76 million, compared with a loss of $124 million in Q1 2025.
  3. Adjusted EBITDA from continuing operations of $677 million, versus $689 million in Q1 2025.
  4. Cash from operations of $611 million and free cash flow of $94 million, compared with cash used of $288 million and free cash flow deficit of $618 million in Q1 2025.
  5. Received $1.1 billion in net proceeds from the sale of the Global Cellulose Fibers business and repaid $660 million of debt.
  6. Packaging Solutions North America operating profit of $248 million; Packaging Solutions EMEA operating loss of $51 million.
  7. Full-year 2026 adjusted EBITDA target set at $3.20 billion to $3.50 billion, with second-quarter guidance of $520 million to $570 million.

03—Questions

Frequently Asked Questions

  1. What drove the quarter's results?

    Management attributed the primary pressures to a tougher macro environment, including ongoing inflation and a severe winter storm. In North America, operating costs rose from higher operating and input costs, partly offset by lower planned maintenance outage costs, while EMEA results improved from the fourth quarter on higher sales volumes.

  2. What changed in the 2026 outlook?

    The company said it is updating its outlook to reflect the volatile environment, with a focus on managing cost and cash flow. The updated adjusted EBITDA from continuing operations targets are $520 million to $570 million for the second quarter and $3.20 billion to $3.50 billion for full-year 2026.

  3. What is the status of the EMEA separation?

    The company stated that during the call it would provide an update on the separation of its Europe, Middle East and Africa packaging business. The filing also reports $11 million of pre-tax separation costs in the first quarter of 2026.

  4. How did the company's cash position change?

    Cash and temporary investments plus restricted cash ended the quarter at $1,307 million, up from $1,161 million at the start of the period. This reflects $611 million from operations and $1.06 billion from divestiture proceeds, offset by $517 million of capital expenditures and $660 million of debt reduction.

  5. When will the preliminary results be finalized?

    The preliminary first-quarter results will be finalized in the company's Quarterly Report on Form 10-Q, which it intends to file with the SEC on May 5, 2026.

04—Continue

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