India, April 30 -- International Paper Co. (IP) on Thursday reported a profit in its first quarter, compared to prior year's loss, with growth in revenues. Meanwhile, adjusted EBITDA declined from last year.
Further, the provider of sustainable packaging solutions issued second-quarter outlook for adjusted EBITDA, and trimmed fiscal 2026 view.
In pre-market activity, the shares were losing around 5.1 percent, trading at $31.84.
Looking ahead for the second quarter, the company projects adjusted EBITDA from continuing operations of $520 million to $570 million.
For fiscal 2026, the company now expects adjusted EBITDA from continuing operations of $3.20 billion to $3.50 billion, lower than previous estimate of $3.5 billion to $3.7 billion...