International Paper posts operating losses and advances strategic transformation in Q3 2025

International Paper, reported a loss of USD 426 million from continuing operations for the third quarter of 2025, while adjusted operating loss was USD 224 million. Both figures include USD 675 million in accelerated depreciation linked to mill closures and 80/20 strategic initiatives.

Net sales for the quarter totaled USD 6.2 billion, and the loss from continuing operations before income taxes and equity earnings was USD 675 million. The company posted a total net loss of USD 1.10 billion for the quarter, which includes USD 676 million in losses from discontinued operations, net of taxes.

Adjusted EBITDA from continuing operations amounted to USD 859 million. Including USD 153 million contributed by the Global Cellulose Fibers business —now classified as a discontinued operation— total adjusted EBITDA reached USD 1.01 billion.

 

Chairman and CEO Andy Silvernail said the results reflect “substantial progress” in the company’s transformation journey. He highlighted a 28% sequential improvement in adjusted EBITDA across both Packaging Solutions segments, driven by price realization, cost management, and lower fiber costs. In North America, Silvernail noted, box shipment growth in September showed a positive year-over-year trend, attributed to a “customer-centric approach.”

Despite soft demand, Silvernail said the company took decisive actions, including exiting non-core businesses, closing facilities, and reinvesting in strategic assets. He reiterated the company’s commitment to executing its transformation plan, delivering commercial excellence, securing a cost advantage, and building a differentiated, sustainable global packaging company.

The company also confirmed that its Global Cellulose Fibers business has been reclassified as a discontinued operation following an agreement to sell the unit. Additionally, following the acquisition of DS Smith, International Paper reorganized its operational structure into two segments: Packaging Solutions North America and Packaging Solutions EMEA.