IP: revenue $6.00B, net income -$12.0M. IP posts Q2 loss on EMEA weakness; completes NORPAC buy, Riverdale conversion

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~2 min read

Key Changes

• high

  Q2 2026 loss from continuing operations of $12M vs. $75M earnings in Q2 2025, driven by PS EMEA operating loss of $80M (vs. $1M loss prior year) amid soft European demand and higher DS Smith depreciation.

  MD&A: Q2 2026 financial results verify on EDGAR →
• high

  Completed $368M NORPAC acquisition (June 2026) adding West Coast containerboard capacity and $250M Riverdale machine conversion from uncoated freesheet to containerboard, ramping to full capacity by Q1 2027.

  MD&A: NORPAC acquisition / Riverdale conversion verify on EDGAR →
• high

  Announced plan to spin off PS EMEA business within 12-15 months as separate public company dual-listed on LSE and NYSE, with IP retaining ~20% stake; incurred $43M separation costs in Q2 2026.

  Notes: PS EMEA spin-off plan verify on EDGAR →