International Paper to Close Three US Plants, Halt Preprint Operations by Q3 2026

Corporate Action

โดย Zacks Investment Research·Read original

Summary · why it matters

International Paper announced plans to shut down its sheet plant in Aurora, Illinois, and converting plants in Elk Grove, California, and Barrington, New Jersey, by the end of the third quarter of 2026, while also halting preprint operations at its Richwood, Kentucky facility. The closures are part of the company's strategy to improve its cost position, increase capacity, and better serve customers across North America, with affected customers being transitioned to nearby facilities. The move follows a broader portfolio transformation that included the integration of the DS Smith acquisition in January 2025, the sale of the Global Cellulose Fibers business in January 2026 for $1.1 billion in net proceeds, and recent acquisitions of North Pacific Paper Company and Delmarva Corrugated Packaging. In the first quarter of 2026, International Paper reported adjusted operating earnings of 15 cents per share, missing the Zacks Consensus Estimate of 18 cents, while net sales rose 13.4% year over year to $5.97 billion but fell short of the $6.05 billion consensus.

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