International Paper swings to $426 million Q3 loss; sales rise to $6.2 billion
International Paper reported a third-quarter 2025 loss from continuing operations of $(426) million, or $(0.81) per diluted share, compared with earnings of $111 million a year earlier. Net sales rose to $6.2 billion from $3.98 billion, reflecting the DS Smith acquisition, while the company recorded $675 million of accelerated depreciation tied to mill closures and 80/20 strategic actions. The company said it will provide updated guidance and adjust its 2025 full-year target on its earnings call, so shareholders will see the revised outlook at that time.
Key points
- Q3 2025 loss from continuing operations of $(426) million, or $(0.81) per diluted share, versus earnings of $111 million in Q3 2024
- Q3 2025 net sales of $6.2 billion, up from $3.98 billion in Q3 2024; adjusted operating loss of $(224) million, or $(0.43) per share
- Adjusted EBITDA from continuing operations of $859 million, up from $670 million in Q2 2025 and $366 million in Q3 2024
- Net loss of $(1.10) billion includes a $676 million after-tax loss from discontinued operations, mainly the $1.0 billion pre-tax impairment on the Global Cellulose Fibers business
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing 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 October 30, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.