International Paper has released the financial results for the second quarter, ended June 30, 2026. Net sales of $6.0 bn (€5.2 bn) for the second quarter of 2026, with adjusted EBITDA from continuing operations reaching $587m (€505m).
The company recorded a loss from continuing operations of $12m (€10m), while cash provided by operating activities totalled $526m (€452m). Free cash flow for the quarter was negative $7m (€6m).
Looking ahead, International Paper expects adjusted EBITDA from continuing operations of $780–830m (€671–714m) in the third quarter, including an estimated $85m (€73m) impact from the temporary closure of its Pine Hill mill in Alabama. The company has maintained its full-year adjusted EBITDA guidance of $3.2–3.4 bn (€2.8–2.9 bn).
“Our teams delivered strong second quarter results as execution continued to improve across the company,” said Andy Silvernail, Chairman and Chief Executive Officer. “In North America, we improved mill performance and successfully completed the Riverdale machine conversion, while continuing to grow box volumes and remain on track to outperform the market. In EMEA, we accelerated cost-out actions, advanced transformational investments and continued preparing for the separation as previously communicated. Our priorities remain clear: execute with discipline, improve reliability and performance across our network, mitigate rising input costs in a dynamic environment and deliver commercial and cost-out initiatives. While there is still work to do, we are building momentum across the businesses. The progress we are making gives us confidence in our ability to deliver strong performance through the remainder of 2026 and create sustainable value for our stakeholders.”
