# International Paper Posts $1.1 Billion Loss After Goodwill Charge

A noncash impairment in the EMEA packaging business weighed on quarterly results.

By Will Langan | 24X7 News
Published: 2026-10-28T13:06:45.321Z
Updated: 2026-10-28T13:06:45.321Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/international-paper-third-quarter-results-october-28-2026

International Paper reported a third-quarter loss from continuing operations of about $1.1 billion on October 28, including a $1.38 billion noncash goodwill impairment in its Europe, Middle East and Africa packaging business.

The company's release put the loss at $2.07 per diluted share for the quarter ended September 30. A year earlier, it reported a $426 million loss, or 81 cents per share.

Sales were $6.197 billion, compared with $6.222 billion a year earlier. Adjusted earnings before interest, taxes, depreciation and amortization from continuing operations were $843 million, down from $859 million.

Operating cash flow totaled $339 million. Free cash flow, the company's supplemental measure after capital spending, was negative $267 million.

North American packaging generated $427 million in segment operating profit. International Paper forecast $460 million–$500 million for that business in the fourth quarter.

The company said it is advancing the separation of its EMEA packaging business. It stopped including EMEA financial guidance in its outlook framework, citing the planned separation and related U.K. regulatory requirements.

The impairment is an accounting charge, rather than a current cash payment. Adjusted measures supplement standard accounting results.

Sources: International Paper third-quarter results release.

## Sources
- International Paper Third-Quarter 2026 Results: https://www.prnewswire.com/news-releases/international-paper-reports-third-quarter-2026-results-302921498.html