International Paper announced a major strategic shift: a spin-off of its EMEA packaging business into a separate publicly traded company, citing distinct regional market dynamics. Management also detailed its 2026 guidance, emphasizing cost-out benefits and commercial momentum, while noting that no incremental price increases are included in the forecasts. IP announced the separation of its EMEA packaging business via a spin-off, creating two focused public companies, with the new entity listed on both London and NYSE.
International Paper announced a major strategic shift: a spin-off of its EMEA packaging business into a separate publicly traded company, citing distinct regional market dynamics. Management also detailed its 2026 guidance, emphasizing cost-out benefits and commercial momentum, while noting that no incremental price increases are included in the forecasts. IP announced the separation of its EMEA packaging business via a spin-off, creating two focused public companies, with the new entity listed on both London and NYSE.
International Paper announced a major strategic shift: a spin-off of its EMEA packaging business into a separate publicly traded company, citing distinct regional market dynamics. Management also detailed its 2026 guidance, emphasizing cost-out benefits and commercial momentum…
Guidance · revenue to $24.5B
The company reiterated its 2026 enterprise EBITDA target of $3.5-$3.7 billion and free cash flow of $300-$500 million.
Management expressed strong confidence in the strategy, citing execution progress, market share gains, and a clear path to 2027 EBITDA targets.
North America volume growth outpaced market by 3-4 points in Q4. Management expressed strong confidence in the strategy, citing execution progress, market share gains, and a clear path to 2027 EBITDA targets.
Management expressed strong confidence in the strategy, citing execution progress, market share gains, and a clear path to 2027 EBITDA targets.
“yes we are out with a price letter uh we have done that uh earlier this week”
“the action we are discussing today is the next step in the 80-20 performance system, segmenting the business to further optimize resource allocation and enable long-term profitable growth.”
“we plan to invest approximately $400 million in EMEA throughout the course of 2026 to fund the ongoing transformation of the business and 80-20 implementation.”
| Metric | Period | Range | Midpoint | Status |
|---|---|---|---|---|
| Free cash flow | FY2026 | $0.3B–$0.5B | $0.4B | GUIDED |
| Op margin | FY2026 | $3.5B–$3.7B | $3.6B | GUIDED |
| Op marginNORTH_AMERICA | FY2026 | $2.5B–$2.6B | $2.55B | GUIDED |
| Op margin | FY2026 Q1 | $0.74B–$0.76B | $0.75B | GUIDED |
| Revenue | FY2026 | $24.1B–$24.9B | $24.5B | GUIDED |