International Paper(US:IP)2025-07-31 14:00Financial Performance - Sales for Q2 2025 reached $6767 million, compared to $5901 million in Q1 2025 and $4734 million in Q2 2024[27] - Adjusted EBITDA for Q2 2025 was $733 million, down from $769 million in Q1 2025 but up from $561 million in Q2 2024[27] - Adjusted Operating EPS decreased from $023 in Q1 2025 to $020 in Q2 2025[27] - Free Cash Flow improved significantly from $(618) million in Q1 2025 to $54 million in Q2 2025[27] Packaging Solutions North America (PS NA) - PS NA Sales increased to $3860 million in Q2 2025 from $3702 million in Q1 2025 and $3628 million in Q2 2024[34] - PS NA Adjusted EBITDA was $515 million in Q2 2025, compared to $554 million in Q1 2025 and $465 million in Q2 2024[35] - IP U S Box shipments decreased by 50% YoY/day[37] Packaging Solutions EMEA (PS EMEA) - PS EMEA Sales significantly increased to $2291 million in Q2 2025, including DS Smith results, compared to $1550 million in Q1 2025 and $328 million in Q2 2024[40] - PS EMEA Adjusted EBIT was $(1) million in Q2 2025, down from $46 million in Q1 2025 and $10 million in Q2 2024[40] - PS EMEA Adjusted EBITDA was $194 million in Q2 2025, up from $153 million in Q1 2025 and $26 million in Q2 2024[40] Global Cellulose Fibers (GCF) - GCF Sales decreased to $628 million in Q2 2025 from $643 million in Q1 2025 and $717 million in Q2 2024[45] - GCF Adjusted EBITDA decreased to $45 million in Q2 2025 from $68 million in Q1 2025 and $90 million in Q2 2024[46] - GCF Adjusted EBITDA Margin decreased to 72% in Q2 2025 from 106% in Q1 2025 and 126% in Q2 2024[47] Strategic Initiatives - Commercial Excellence actions are expected to yield ~$650 million YTD, targeting $11 billion by 2027[16] - Cost Out actions are expected to yield ~$550 million YTD, targeting $19 billion by 2027[20]