International Paper Co.NYSE
Thu, Nov. 17, 1:47 PM
- Paper stocks jump after International Paper (IP +1.4%) CEO Mark Sutton says demand for containerboard is growing globally.
- IP is presenting today at the Vertical Research Partners Conference.
- Sector movers include KapStone Paper and Packaging (KS +4.7%), Clearwater Paper (CLW +2.1%) and Packaging Corp of America (PKG +1.3%).
Thu, Oct. 27, 7:03 AM
Wed, Oct. 26, 5:30 PM
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Mon, Oct. 24, 8:29 AM
- The paper/containerboard sector is on watch after Buckingham Research increases estimates on International Paper (NYSE:IP), Packaging Corp of America (NYSE:PKG), and WestRock (NYSE:WRK).
- The investment firm tweeted this morning that $40/ton containboard price hikes are reflected in some current checks.
- International Paper is up 1.70% in premarket action.
Thu, Oct. 13, 11:09 AM
- Paper stock are showing some weakness on concerns raised by Cleveland Research on containerboard pricing.
- International Paper (IP -1.9%), WestRock (WRK -3.1%), KapStone Paper and Packaging (KS -2.8%), Clearwater Paper (CLW -1.5%), and Packaging Corp of America (PKG -2.2%) are all lower.
- Previously: Paper stocks slump on pricing anxiety (Oct. 5)
Thu, Oct. 13, 10:22 AM
- International Paper (IP -1.9%) announces the planned retirements of CFO Carol Roberts and Senior VP William Hoel.
- Both execs will leave on March 31, 2017.
- Glenn Landau will become the company's CFO, effective with the filing of the 10-K form in the first quarter of 2017. Landau has worked at International Paper since 1991 and became a Senior VP in 2014.
- IP also announced a series of other senior leadership moves as it shuffles its C-suite roster.
- Source: Press Release
Tue, Oct. 11, 5:14 PM
Wed, Oct. 5, 2:34 PM
- Paper stocks are lower on concerns over containerboard pricing.
- North American major containerboard producers were expected to push through a $50/ton price increase this week, but there is word that Georgia Pacific may be delaying its action until November.
- Decliners include International (IP -1.7%), WestRock Company (WRK -3.9%), KapStone Paper and Packaging (KS -4.9%), and Packaging Corp of America (PKG -2.2%).
Thu, Sep. 22, 6:48 PM
- Weyerhauser (NYSE:WY) was today's biggest mover in the S&P 500, surging 5.7% in its biggest gain since February 2012, after Goldman Sachs initiated coverage with a Buy rating and adding it to the firm's Conviction List, citing its “leverage to the housing recovery.”
- Goldman says WY has the best timberland assets in the industry, and views WY as the only way for investors to get exposure to the attractive timberland asset class through a liquid, large-cap publicly traded equity.
- The firm expect continued timberland price appreciation to drive WY’s stock price higher, as the value of its land ownership comprises ~75% of the company's enterprise value.
- Elsewhere in the U.S. paper and forest products sector, Goldman also awards a Buy rating to Boise Cascade (NYSE:BCC) because of its strength in wood products; the firm rates International Paper (NYSE:IP), WestRock (NYSE:WRK), Domtar (NYSE:UFS) and Enviva Partners (NYSE:EVA) at Neutral, and Packaging Corp. of America (NYSE:PKG) as a Sell.
Thu, Aug. 25, 3:08 PM
- Paper stocks are higher on word that pricing will increase in the sector. The analysis is based off a look at October contracts.
- Buckingham Research is on top of the siutuation, already tweeting that it raised price targets on International Paper (IP +4.2%), Packaging Corp of America (PKG +2.7%), and WestRock (WRK +5.3%).
- KapStone Paper and Packaging (KS +6.4%) and Clearwater Paper (CLW +1.2%) also broke higher in afternoon trading.
Mon, Aug. 22, 8:42 AM
- Wells Fargo says paper packaging stocks could see some volatility after a dip in semi-chemical medium pricing.
- The investment firm thinks Packaging Corp of America (NYSE:PKG) looks attractive to pick up on any weakness due to its lighter exposure and positioning.
- On watch: Greif (NYSE:GEF), WestRock (NYSE:WRK), KapStone (NYSE:KS), International Paper (NYSE:IP).
Tue, Aug. 16, 9:42 AM
- Buckingham Research analyst Mark Weintraub says a data read suggests that containerboard producers pulled back on the throttle in July.
- The sector is moving higher in early trading: International Paper (IP +1.9%), WestRock (WRK +3%), KapStone Paper and Packaging (KS +1.7%), Packaging Corp of America (PKG +1%).
Wed, Aug. 10, 6:27 PM
- International Paper (NYSE:IP) popped higher during today's trade on rumors it could be a possible takeover target, with BMO Capital analysts highlighting privately-held Koch Industries as a potential buyer since it has been "actively consolidating the forest products sector for more than a decade."
- BMO also speculates on an IP pairing with Georgia-Pacific, saying the combination would pose regulatory challenges and likely require divestitures, particularly in the container board and fluff pulp sectors.
- IP-GP would sport a combined pro forma market share of ~45% in container board and 65%-70% in fluff pulp, including IP’s pending acquisition of Weyerhaeuser’s (NYSE:WY) fluff pulp assets.
Wed, Aug. 10, 3:36 PM
Wed, Aug. 3, 5:22 PM
- International Paper (NYSE:IP) borrowed $2.3B through the bond markets yesterday to help pay down its pension obligation, joining General Motors, which took similar steps in February.
- IP says it will use the proceeds to help pay for its proposed acquisition of Weyerhaeuser's pulp business, and use $500M to fund contributions to its pension plan; the company had a $4.2B pension benefit obligation at the end of June.
- Falling interest rates have caused pension obligations to rise this year; the combined pension deficit for S&P 1500 companies ballooned to $568B through the end of Q2, a $164B increase from year-end 2015.
Thu, Jul. 28, 6:34 PM
- International Paper (NYSE:IP) says it is not seeing a rise in packaging demand in Brazil ahead of the Olympics next month, in contrast to surging demand two years ago when the country hosted the World Cup.
- Brazil is in the thick of a severe recession and hopes for an economic jolt from the Olympics, which start Aug. 5 in Rio de Janeiro.
- CEO Mark Sutton says packaging demand in China is rising ~5% YTD vs. 7%-8% growth last year, and demand in the U.S. is growing ~1.5%, at the high-end of a 1%-1.5% growth range in recent years but below 2% growth rates that were more common before the recession.
- IP earlier reported better than expected Q2 earnings on a 6.8% drop in revenue to $5.32B.
- IP reiterates that it expects to close the $2.2B acquisition of Weyerhaeuser's (NYSE:WY) pulp business in Q4.