International Paper posts Q1 2025 net loss of $105 million on DS Smith deal costs
International Paper reported a first-quarter 2025 net loss of $105 million, or $0.24 per diluted share, compared with net earnings of $56 million a year earlier. Net sales rose to $5.9 billion from $4.6 billion, mainly due to the DS Smith acquisition completed January 31, 2025, while adjusted operating earnings improved to $101 million, or $0.23 per share.
Key points
- Net sales were $5.9 billion, up from $4.6 billion in the first quarter of 2024, driven by the DS Smith acquisition, sales price increases and cost reductions.
- Net loss was $105 million, or $0.24 per diluted share, versus net earnings of $56 million, or $0.16 per share, a year earlier.
- Adjusted operating earnings were $101 million, or $0.23 per diluted share, compared with $61 million, or $0.17 per share, in the first quarter of 2024.
- Net special items were a $204 million after-tax charge, and free cash flow was negative $618 million, with a $271 million pre-tax charge tied to the Red River mill closure in Campti, Louisiana.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.