Earnings Call
Jul 30, 2026
Q2 FY2026
EPS Estimate
-0.03
EPS Actual
0.04
Post-Earnings Close
$43.15
Earnings Reaction
+1.2%
International Paper's second quarter 2026 results reflected meaningful operational progress against a backdrop of elevated macro headwinds, with management delivering EBITDA ahead of internal expectations despite executing what was described as the heaviest outage quarter in recent memory. Packaging Solutions North America generated $425 million of adjusted EBITDA, while EMEA contributed $182 million, both segments beating internal targets even as year-over-year earnings declined due to planned outage activity, the Riverdale machine conversion, and margin compression in Europe from higher input paper prices flowing through to packaging sales. Free cash flow came in at negative $7 million, better than anticipated given $533 million deployed toward transformation initiatives and capital investments in the period.
Report generated on Jul 31, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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