International Paper reported Adjusted EBITDA from continuing operations of $677 million for the Q1 ended March 31, 2026, as the company faced a tougher macro environment including ongoing inflation and a severe winter storm.
Earnings from continuing operations were $76 million on net sales of $5.97 billion. The company received
The Packaging Solutions North America segment reported operating profit of $248 million, a decrease from $319 million in the Q4 2025. Net sales decreased as higher export pricing and a favorable mix were more than offset by seasonally lower volumes. Cost of products sold increased due to higher operating costs and input costs. Operating costs were unfavorably affected by winter storm impacts and higher costs for goods and services, which more than offset footprint cost-out benefits and improved mill and box system productivity. Input costs increased due to higher natural gas and utility costs driven by the winter storm.
The Packaging Solutions EMEA segment reported an operating loss of $51million, an improvement from a loss of $223 million in the Q4 2025. Net sales increased, reflecting higher sales volumes. Sales prices for paper were lower but were offset by improved packaging margins. Planned maintenance outage costs were lower compared to the prior quarter, and depreciation and amortization expense decreased as the Q4 2025 included finalization of the DS Smith acquisition accounting and accelerated depreciation associated with mill and plant closures.
International Paper stated its priorities are to execute with discipline, improve reliability and performance across its network, and manage capital with rigor. The company is updating its outlook to reflect the volatile environment, with a strong focus on managing cost and cash flow. The company confirmed the planned separation will enable its North America and EMEA businesses to operate independently and deliver stronger performance. A planned maintenance outage in North America was deferred to the Q2 2026.
