International Paper Projects Q4 North American Packaging EBITDA Between $700M and $740M
International Paper (IP) has provided financial guidance for its Packaging Solutions North America segment, projecting an adjusted EBITDA of $700 million to $740 million for the fourth quarter. This projection comes as the company continues to advance its strategic separation work within the EMEA region. CEO and Chairman Andrew Silvernail noted that despite a challenging macroeconomic environment characterized by rising inflation and weak consumer confidence, the company achieved an earnings inflection point during the third quarter through improved operational execution.
Topics: consumer confidence earnings inflection inflation quarterly results