June 19, 2013
International Paper Company (NYSE: IP) makes paper and packaging products. The company's top paper brand is Hammermill, and printing paper represented 46% of the company's 2009 operating income.[1] 78% of of net sales in 2009 came within the United States. [2]
In July 2005, the company consolidated its operations to focus on three platform businesses: Uncoated Papers, Industrial Packaging, and Consumer Packaging [3]. The Uncoated Papers business handles the production of printing and writing paper, while the Industrial Packaging business produces containerboard used to make boxes, and the Consumer Packaging business produces cardboard used in the packaging of consumer goods ranging from food to cosmetics. The company sold its entire forest products segment in 2006 (this segment represented 11% of net sales in 2005[4]). In 2009, the company only owned 200,000 acres of forest, and the segment represented less than 1% of the company's sales and earnings.
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