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Recent Articles

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WIPO publishes IP's international patent filing for straddle flange top seal punnet; container comprises bottom panel defining base, side walls, flange structure with tabs: Patent Publication No. WO/2022/164702

Russia snapshot: IP, Mondi report progress on divesting their Russian business interests; IP has engaged advisers, is 'actively working with interested parties' on strategic options for its 50% stake in Ilim, and Mondi's divestment process 'well underway'

Packaging snapshot: IP's Q2 box demand affected by shift in consumer spending from goods to services, travel, along with elevated inventories in retail channel as people adjust to high inflation; CFO expects Q3 volume to be flat, but will 'grow over time'

Operations snapshot: IP's cost-saving program, Building a Better IP, delivers US$65M in Q2 for US$105M total through H1--set to reach high end of full-year target of US$200M-US$225M; Q2 input costs of US$100M 'higher than expectations,' will persist in Q3

RBC Capital maintains IP at sector perform with US$47 target, noting Q2 beat and 2022 EBITDA target reiterated; IP likely to reach its guidance, with pricing realizations keeping ahead of input inflation, corporate streamlining initiatives tracking well

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