International Paper reported a significant net loss of $1.1 billion for the third quarter of 2025, sharply reversing its previous year’s profit of $150 million for the same period. This major swing can primarily be attributed to $675 million in accelerated depreciation costs linked to the shutdown of several U.S. facilities, a move that marks a strategic realignment of the company's operations.
"Our third quarter results reflect substantial progress on our transformation journey," said Chairman and CEO Andy Silvernail. "We delivered 28% sequential adjusted EBITDA improvement across both Packaging Solutions businesses, driven by price realization, cost management and lower fiber costs. In North America, we saw year-over-year box shipment growth in September, a clear indicator that our customer-centric approach is closing the industry gap. While demand remained soft across both regions, we took decisive actions to reshape our portfolio — exiting non-core businesses, closing facilities, and reinvesting in our most strategic assets."
"Despite near-term headwinds," Silvernail added, "we remain confident in our trajectory. We are accelerating actions and remain fully committed to executing our transformation plan — delivering commercial excellence, securing an advantaged cost position, and building a differentiated, sustainable global packaging company."
