International Paper Q1 sales rise to $5.97 billion; 2026 EBITDA target updated
International Paper reported preliminary first-quarter 2026 net sales of $5.97 billion, up from $5.26 billion a year earlier, and earnings from continuing operations of $76 million, compared with a loss of $124 million in the first quarter of 2025. Adjusted EBITDA from continuing operations fell to $677 million from $689 million, and the company updated its full-year 2026 adjusted EBITDA target to $3.20 billion to $3.50 billion, citing a tougher macro environment and a severe winter storm.
Key points
- Q1 2026 net sales of $5.97 billion vs. $5.26 billion in Q1 2025; diluted EPS from continuing operations of $0.14 vs. a loss of $0.28
- Adjusted operating EPS of $0.15 vs. $0.17 in Q1 2025; adjusted EBITDA of $677 million vs. $689 million
- Updated 2026 targets: second-quarter adjusted EBITDA of $520 million to $570 million; full-year adjusted EBITDA of $3.20 billion to $3.50 billion
- Received $1.1 billion in net proceeds from the sale of the Global Cellulose Fibers business and paid down $660 million of debt; separation of the EMEA packaging business is ongoing
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, 2026.
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.