International Paper (IP) Q3 2025 10-Q Quarterly Report
International Paper (IP) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
International Paper Q3 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue $6.22B in Q3 2025, up $2.24B (56%) vs Q3 2024 $3.98B, mainly from DS Smith consolidation and price increases
- • Operating loss from continuing ops $(426)M ($0.81/share) in Q3 2025 vs income $111M ($0.31/share) in Q3 2024; Adjusted operating loss $(224)M vs earnings $113M
- • Adjusted EBITDA $859M in Q3 2025, 28% sequential increase from Q2 2025 driven by price realization and cost management
- • PS NA segment sales $3.9B with operating loss $(166)M; PS EMEA sales $2.3B with operating loss $(58)M in Q3 2025
- • Cash from ops $793M first 9 months 2025 vs $1.3B same period 2024; Free cash flow negative $(414)M vs positive $620M
- • Management expects lower Q4 2025 EBITDA in PS NA due to mill closures and fewer shipping days; growth in PS EMEA EBITDA from price and volume gains
- • $1.0B impairment charge recorded for Global Cellulose Fibers divestiture; expected sale closing by year-end 2025
- • Capital expenditures $1.2B first 9 months 2025, up from $661M prior year; full-year capex guidance $1.8B-$1.9B
- • Mill closures result in 1.7M tons capacity reduction and $840M pre-tax charges including $600M accelerated depreciation
Risk Factors
- • New divestiture risk: potential delay or failure of $1.5B Global Cellulose Fibers sale to American Industrial Partners, dependent on regulatory approvals
- • Updated impairment risk: $1.0B asset impairment charge recognized related to Global Cellulose Fibers divestiture
- • Legal/compliance risk: transaction contingent on governmental and regulatory approvals, exposure to litigation from divestiture process
- • Operational risk: divestiture may disrupt business, distract management, and impact key personnel retention and business relationships
- • Financial risk: receipt of $190M preferred stock from AIP may not be realized or liquidated in near term or at all
International Paper Q3 2025 Quarterly FinancialsXBRL
Revenue
$5.0B
▲ +5.8% YoY▼ -26.7% QoQ
Net Income
-$1.1B
▼ -834.7% YoY▼ -1569.3% QoQ
Net Margin
-22.2%
▼ -2542bp YoY▼ -2333bp QoQ
ROE
-6.4%
Total Assets
$40.6B
EPS (Diluted)
$-2.21
▼ -626.2% YoY▼ -1327.8% QoQ
Operating Cash Flow
$605M
▲ +16.1% YoY▲ +27.1% QoQ
Source: XBRL data from International Paper Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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