International Paper Q3 $1.1B Loss Includes $1B Impairment

International Paper reported a third-quarter net loss of $1.10 billion (about $2.09 per share) and a non‑GAAP loss of $0.43 per share, with revenue of $6.22 billion missing analyst expectations of roughly $6.5 billion. Results included about $675 million of accelerated depreciation tied to planned mill closures and roughly $1 billion of impairment charges related to its divested cellulose fibers business. Sales rose about 32.8% year‑over‑year despite missing forecasts. The stock slid in reaction — down about 6–8% in U.S. premarket trading and as much as 12.9% in London, leaving shares down roughly 17.8% year‑to‑date. CEO Andy Silvernail said the quarter shows “substantial progress” on the company’s transformation and expressed confidence despite near‑term headwinds. Management warned that tapering retailer demand, rising input costs, tariffs and a weak European paper and packaging market are weighing on results and will keep the outlook under close investor scrutiny.