International Paper Co. (IP) on Thursday reported a profit in its first quarter, compared to prior year's loss, with growth in revenues. Meanwhile, adjusted EBITDA declined from last year.
Further, the provider of sustainable packaging solutions issued second-quarter outlook for adjusted EBITDA, and trimmed fiscal 2026 view.
In pre-market activity, the shares were losing around 5.1 percent, trading at $31.84.
Looking ahead for the second quarter, the company projects adjusted EBITDA from continuing operations of $520 million to $570 million.
For fiscal 2026, the company now expects adjusted EBITDA from continuing operations of $3.20 billion to $3.50 billion, lower than previous estimate of $3.5 billion to $3.7 billion.
In the first quarter, net earnings were $60 million or $0.11 per share, compared to loss of $105 million or $0.24 per share a year ago.
Earnings from continuing operations was $76 million or $0.14 per share, compared to loss of $124 million or $0.28 per share a year ago.
Adjusted operating earnings were $81 million or $0.15 per share, compared to $73 million or $0.17 per share last year.
Adjusted EBITDA from continuing operations dropped to $677 million from $689 million last year.
The company noted that the primary pressures this quarter came from a tougher macro environment, including ongoing inflation and the severe winter storm.
Net sales were $5.97 billion, up from $5.26 billion a year ago.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.