By International Paper Posts Mixed Q2 2026 Results Amid Acquisitions and Restructuring
International Paper reported mixed second-quarter 2026 results, with lower earnings than a year earlier despite operational gains and continued progress on strategic priorities. Net sales reached $6.00 billion, but the company posted a $12 million loss from continuing operations even as it moved ahead with acquisitions to expand its packaging network.
What the Q2 numbers showed
International Paper posted net sales of $6.00 billion for the second quarter of 2026, alongside a loss from continuing operations of $12 million and adjusted EBITDA of $587 million. Cash generated from operating activities totaled $526 million, while free cash flow was negative $7 million.
Acquisitions completed during the quarter
During the quarter, the company completed the acquisitions of the NORPAC mill in Washington and the Delmarva corrugated packaging facility in Delaware. Both deals add to the company's containerboard and converting capacity in North America.
Regional performance: North America vs. EMEA
In North America, the Packaging Solutions business generated $204 million in operating profit. In contrast, the EMEA Packaging Solutions segment recorded an operating loss of $80 million, highlighting a divergence between the company's regional operations.
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International Paper Expands North American Restructuring Plan
What happens next
Looking ahead, the company expects third-quarter adjusted EBITDA of $780 million to $830 million, including an estimated $85 million impact from the temporary closure of its Pine Hill, Alabama mill. International Paper reaffirmed its full-year 2026 adjusted EBITDA guidance of $3.20 billion to $3.40 billion, anticipating a stronger second-half performance.
Executive commentary
Commenting on the results, Andy Silvernail, Chairman and CEO, said the company reported improved mill performance during the quarter, successfully completed the Riverdale machine conversion, and continued to expand box shipment volumes in North America. He added that the company accelerated cost-reduction efforts and advanced transformation projects in the EMEA region.
People Also Ask
What were International Paper's Q2 2026 net sales?
Net sales totaled $6.00 billion for the second quarter of 2026.
Did International Paper make a profit in Q2 2026?
No, the company reported a loss from continuing operations of $12 million.
What acquisitions did International Paper complete this quarter?
The company completed acquisitions of the NORPAC mill in Washington and the Delmarva corrugated packaging facility in Delaware.
How did North America and EMEA segments compare?
North America Packaging Solutions posted $204 million in operating profit, while EMEA Packaging Solutions recorded an $80 million operating loss.
What is International Paper's full-year 2026 guidance?
The company reaffirmed full-year 2026 adjusted EBITDA guidance of $3.20 billion to $3.40 billion.
