Fox Business - The Power to Prosper
Search Site


International Paper 1st-Quarter Net Up 69% on Industrial-Packaging Sales

International Paper Co.'s (IP) first-quarter profit rose 69% as the company's industrial-packaging sales posted a double-digit increase.The paper and pulp company last year completed its $3.48 billion acquisition of rival Temple-Inland Inc. after months of resistance from the maker of corrugated packaging and building products. International Paper has since divested some assets, including the sale of three U.S. container-board mills, to meet regulator requirements. In December, it agreed to sell Temple-Inland's building-products division to Koch Industries Inc. for $750 million.International Paper reported a profit of $318 million, or 71 cents a share, versus $188 million, or 43 cents a share, a year earlier. Excluding restructuring expenses and other items, operating earnings were 65 cents, up from 63 cents a year ago.Net sales grew 6.5% to $7.09 billion.Analysts polled by Thomson Reuters forecast operating earnings of 74 cents a share and $7.05 billion in revenue.Sales at Internation...

Read More

  1. International Paper Sees EBITA Rising 38% to $5.1 Billion By About 2015

    International Paper Co. (IP) predicted Thursday its pretax earnings will increase by 38% over the next three years or so, as the company raised its cost reduction go...

  2. International Paper 1Q Profit Falls, Sales Lag Street View

    International Paper (NYSE:IP) narrowed its first-quarter profit as corporate expenses more than doubled and weaker export paper prices pushed sales below Wall Street...

  3. International Paper 1Q Net Down 47% As Margins Weaken

    DOW JONES NEWSWIRESInternational Paper Co.'s (IP) first-quarter slipped 47% as profits in the forest-products company's two biggest segments fell and as margins weak...

  4. International Paper CEO on Benefits of Temple-Inland Acquisition

    International Paper CEO John Faraci on the company’s acquisition of Temple-Inland and its acquisitions and growth in emerging markets.

  5. DOJ Clears International Paper's Purchase Of Temple-Inland

    International Paper Co. (IP) will sell three containerboard mills under an antitrust agreement with the U.S. Department of Justice that allows the company to complet...

  6. DOJ Clears International Paper/Temple-Inland Merger, With Conditions

    The Justice Department on Friday gave antitrust clearance to the merger of International Paper Co. (IP) and Temple-Inland Inc. (TIN), but the companies agreed to div...

  7. AT&T Gives Up $39B Bid for T-Mobile

    FBN's Liz MacDonald on AT&T's decision to end its pursuit for T-Mobile.

  8. International Paper Reaches Sweetened $3.48B Buyout of Temple-Inland

    After sweetening its original bid by 5%, International Paper (NYSE:IP) unveiled a $3.48 billion deal on Tuesday to acquire rival Temple-Inland (NYSE:TIN).If increasi...

  9. International Paper CEO on Acquisition of Temple Inland

    International Paper CEO John Faraci on the benefits of the company’s deal to acquire Temple Inland .

  10. International Paper CEO on Takeover Offer for Temple-Inland

    International Paper CEO John Faraci on the company’s hostile takeover bid for Temple-Inland .

  11. Markets Open Tuesday’s Session in the Green

    FBN’s Stuart Varney breaks down the stories moving the market early in the trading day.

  12. Weiner Admits to Sending Twitter Photos

    FBN’s Diane Macedo with the latest details surrounding the New York Congressman.

  1. International Paper in Talks to Merge Distribution Business With Unisource

    International Paper Co. (IP) said it is in talks with Unisource about a proposed merger of its distribution business as the company continues its recent push to dive...

  2. International Paper 4th-Quarter Net Down 16% on Higher Expenses

    International Paper Co.'s (IP) fourth-quarter profit fell 16% as the company's restructuring expenses and higher costs offset strong revenue gains.The paper-and-pulp...

  3. IP to Sell Temple-Inland Building Products Division for $750 Million

    International Paper Co. (IP) agreed to sell its Temple-Inland Building Products division to building and paper products maker Georgia-Pacific LLC for $750 million in...

  4. International Paper 3rd-Quarter Profit Down 49% on Charges

    International Paper Co.'s (IP) third-quarter profit fell 49%, as the paper-and-packaging company's income was weighed down by costs from its acquisition of rival Tem...

  5. International Paper to Form Joint Venture in Brazil

    International Paper Co. (IP) has agreed to form a joint venture with Grupo Orsa in Brazil, as the paper-and-pulp company continues to expand its global footprint.Und...

  6. International Paper Second Quarter Profit Down 39%

    International Paper Co.'s (IP) second-quarter profit fell 39%, but the company predicted maintenance expenses and currency head winds that dragged earnings lower wil...

  7. International Paper 2nd-Quarter Profit Down 39% on Maintenance Expenses

    International Paper Co.'s (IP) second-quarter profit fell 39% as maintenance-outage expenses and currency headwinds at a joint venture in Russia weighed on the botto...

‹ Prev12Next ›
Freebase CC-BY
Source: Temple-Inland on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL