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International Paper plans to split into two. Here's what that means for its Memphis HQ.
- The Memphis-based International Paper said on Jan. 29, 2026, it will split into two independent, publicly traded companies, separating North America-focused International Paper from EMEA Packaging, expecting completion in 12 to 15 months.
- Amid slowing box demand, International Paper cited reduced shipments in North America and Europe, reporting an adjusted loss of 8 cents per share for the fourth quarter ended Dec. 31 and impairment charges from plant closures and layoffs.
- Andy Silvernail will lead the North American company while Tim Nicholls will oversee the EMEA business, and current executives are expected to remain in place.
- Shares rose about 3% in premarket trading, and the company said the split would aid earnings and strengthen cash flow to maximise long-term value.
- The company did not provide details on how local jobs will be affected, even as it has announced plant closures and layoffs including 1,100 jobs in Georgia and 400 in Memphis, and joins FedEx in pursuing spin-offs.
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14 Articles
Packaging firm International Paper to split into two to sharpen North America focus
International Paper said on Thursday it would split into two publicly traded companies by spinning off its European packaging business, aiming to streamline its operations and boost productivity across North America.
·United Kingdom
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International Paper (NYSE:IP) Issues Earnings Results, Misses Estimates By $0.43 EPS
International Paper (NYSE:IP - Get Free Report) posted its quarterly earnings results on Thursday. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.35 by ($0.43). The business had revenue of $6.01 billion for the quarter, compared to analysts' expectations of $5.90 billion. International Paper had a negative return on equity of 0.16% and a negative net margin of 5.45%.The company's revenue wa…
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Total News Sources14
Leaning Left1Leaning Right1Center9Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
C 82%
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