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International Paper (IP) guidance and outlook
International Paper (IP) gave its guidance on Oct 28, 2026: Operating income $460M–$500M for Q4 2026; EBITDA $700M–$740M for Q4 2026. International Paper's 10-Q filed Nov 4, 2026 makes 10 forward-looking statements, 7 of them new and 12 no longer said since the filing before.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Operating income | Q4 2026 | $460M–$500M | new |
| EBITDA | Q4 2026 | $700M–$740M | new |
From the earnings release filed Oct 28, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 4, 2026
- new · Looking ahead, we expect PS NA business segment operating profit to be sequentially higher in the fourth quarter.
- new · Effective this quarter, as a result of the planned separation of PS EMEA and related UK regulatory requirements, the Company is no longer including our existing PS EMEA financial guidance in our guidance framework and does not anticipate providing such guidance in the future.
- new · The Company intends to create two independent companies through the separation of its Packaging Solutions North America ("PS NA") and Packaging Solutions Europe, Middle East and Africa ("PS EMEA") businesses.
- new · Upon completion of the separation, the PS NA business will be comprised of the Company's current business in North America, including both legacy IP and DS Smith assets, and the PS EMEA business will be comprised of both legacy DS Smith and IP assets in EMEA.
- new · Following completion of the separation, the segment's results will no longer be reflected in the Company's continuing operations, and as such, management believes that providing forward-looking guidance would not be useful to investors.
- new · These capital expenditures reflect significant reinvestment into the business intended to position the Company as a leading provider of sustainable packaging solutions while supporting long-term value creation.
- At September 30, 2026, the Company held long-term credit ratings of BBB (stable outlook) and Baa2 (negative outlook) by S&P and Moody’s, respectively.
- new · International Paper expects to meet projected capital expenditures, service existing debt, meet working capital and dividend payments and make common stock and/or debt repurchases for the next 12 months and for the foreseeable future thereafter with current cash balances and cash from operations, supplemented as required by its existing credit facilities and, as appropriate, additional financing arrangements that…
- The Company will continue to rely on bank and debt capital markets for the majority of any necessary long-term funding not provided by operating cash flows.
- Funding decisions will continue to be guided by our capital structure planning objectives.
International Paper's latest quarter
International Paper, Q3 2026: revenue $6.2B (-0.4% year over year), operating margin -19.7%, net loss $1.1B, operating cash flow $339M. The chart follows the revenue to costs, profit and cash.
Questions
Did International Paper raise or lower its guidance?
International Paper (IP) gave its guidance on Oct 28, 2026: Operating income $460M–$500M for Q4 2026; EBITDA $700M–$740M for Q4 2026.
What does International Paper expect?
Looking ahead, we expect PS NA business segment operating profit to be sequentially higher in the fourth quarter. Effective this quarter, as a result of the planned separation of PS EMEA and related UK regulatory requirements, the Company is no longer including our existing PS EMEA financial guidance in our guidance framework and does not anticipate providing such guidance in the future. The Company intends to create two independent companies through the separation of its Packaging Solutions North America ("PS NA") and Packaging Solutions Europe, Middle East and Africa ("PS EMEA") businesses.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.