Q1 26 EPS
$N/A
Q1 26 Revenue
N/A
vs S&P Since Q1 26
-23.2%
TRAILING MARKET
IP -17.2% vs S&P +6.0%
Market Reaction
Did IP Beat Earnings? Q1 2026 Results
International Paper delivered a deeply disappointing Q3 2025, posting an EPS loss of $0.43 against a consensus estimate of $0.56, a miss of 177.28%, as massive one-time charges tied to its sweeping portfolio transformation overwhelmed underlying oper… Read more International Paper delivered a deeply disappointing Q3 2025, posting an EPS loss of $0.43 against a consensus estimate of $0.56, a miss of 177.28%, as massive one-time charges tied to its sweeping portfolio transformation overwhelmed underlying operational gains. Revenue of $6.22 billion, while up 32.8% year-over-year largely reflecting the DS Smith acquisition completed earlier this year, still fell short of the $6.46 billion consensus by 3.63%. The headline numbers were driven lower by $675 million in accelerated depreciation from planned mill closures and a $1.01 billion impairment charge on the Global Cellulose Fibers business slated for divestiture to American Industrial Partners for $1.50 billion, charges that obscured a 28% sequential improvement in adjusted EBITDA to $859 million. Plans to shutter five German sites affecting roughly 500 employees underscore how aggressively CEO Andy Silvernail is reshaping the company's European footprint. Management remains focused on commercial execution and cost leadership as IP pursues its vision of a streamlined, global packaging business across North America and EMEA.
Key Takeaways
- • 28% sequential adjusted EBITDA improvement driven by price realization, cost management and lower fiber costs
- • Higher sales prices and volumes for boxes in North America
- • Year-over-year box shipment growth in September in North America
- • Lower planned maintenance outage costs in North America
- • Lower fiber costs in EMEA
- • $675 million accelerated depreciation from mill closures and 80/20 strategic actions negatively impacted GAAP results
IP Forward Guidance & Outlook
Management expressed confidence in the company's transformation trajectory despite near-term demand softness. The company is accelerating strategic actions including mill closures, business exits, and portfolio reshaping under the 80/20 strategic approach. The divestiture of the Global Cellulose Fibers business to American Industrial Partners for $1.5 billion is pending, subject to customary closing conditions. The company remains committed to delivering commercial excellence, securing an advantaged cost position, and building a differentiated, sustainable global packaging company.
IP YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
IP Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our third quarter results reflect substantial progress on our transformation journey. We delivered 28% sequential adjusted EBITDA improvement across both Packaging Solutions businesses, driven by price realization, cost management and lower fiber costs. In North America, we saw year-over-year box shipment growth in September, a clear indicator that our customer-centric approach is closing the industry gap. While demand remained soft across both regions, we took decisive actions to reshape our portfolio — exiting non-core businesses, closing facilities, and reinvesting in our most strategic assets.”
— Andy Silvernail, Q1 2026 Earnings Press Release
IP Earnings Trends
IP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
IP EPS Trend
Earnings per share: estimate vs actual
IP Revenue Trend
Quarterly revenue: estimate vs actual
IP Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q3 25 MISS | $0.56 | $-0.43 | -177.28% | $6.22B | -3.63% |
| Q2 25 MISS | $0.41 | $0.20 | -51.09% | $6.77B | +0.97% |
| Q1 25 MISS | $0.36 | $0.23 | -36.11% | $5.90B | -5.61% |
| Q4 24 MISS FY | $0.03 | $-0.02 | -166.67% | $4.58B | -3.78% |
| FY Full Year | $1.25 | $1.13 | -9.85% | $18.62B | -0.96% |