Market Summary
USD33.72-0.38
Market Closed-1.11%
IP Stock Price
IP RSI Chart
IP Valuation
IP Price/Sales (Trailing)
IP Profitability
IP Fundamentals
IP Revenue
IP Earnings
Price Action
52 Week Range
29.0141.89
(Low)(High)
Last 7 days
-0.3%
Last 30 days
-1%
Last 90 days
9.7%
Trailing 12 Months
-1.9%
IP Financial Health
IP Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for IP
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-07-28 | Goughnour Holly G. | sold | -89,262 | 35.705 | -2,500 | vice president & controller |
2023-06-16 | Magness Allison B. | sold | -104,786 | 31.7533 | -3,300 | senior vice president |
2023-05-08 | Hinman Jacqueline C. | acquired | - | - | 10,108 | - |
2023-05-08 | GUSTAFSSON ANDERS | acquired | - | - | 9,799 | - |
2023-05-08 | Dorduncu Ahmet C | acquired | - | - | 5,039 | - |
2023-05-08 | SULLIVAN KATHRYN D | acquired | - | - | 7,729 | - |
2023-05-08 | GORDON ILENE S | acquired | - | - | 10,108 | - |
2023-05-01 | Gregg Aimee K. | acquired | - | - | 4,105 | senior vice president |
2023-05-01 | Gregg Aimee K. | sold (taxes) | -33,110 | 33.11 | -1,000 | senior vice president |
2023-03-21 | Saab Joseph R. | sold | -60,273 | 35.3508 | -1,705 | svp, gc and corp. secretary |
Which funds bought or sold IP recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -10.88 | -8,645 | 31,778 | 0.01% |
2023-08-30 | CHAPIN DAVIS, INC. | added | 0.18 | -34,184 | 259,866 | 0.12% |
2023-08-28 | Lavaca Capital LLC | sold off | -100 | -162,329,000 | - | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -31,450 | 235,394 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | reduced | -41.74 | -8,063 | 8,525 | -% |
2023-08-22 | Old North State Trust, LLC | sold off | -100 | -20,000 | - | -% |
2023-08-22 | Asset Dedication, LLC | added | 5,271 | 12,000 | 12,000 | -% |
2023-08-21 | VitalStone Financial, LLC | new | - | 1,000 | 1,000 | -% |
2023-08-21 | VESTOR CAPITAL, LLC | unchanged | - | -8,000 | 62,000 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 14.58 | 88,732 | 8,548,340 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of International Paper
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Mar 08, 2023 | blackrock inc. | 10.2% | 35,860,891 | SC 13G/A | |
| Feb 14, 2023 | price t rowe associates inc /md/ | 7.4% | 26,149,241 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.86% | 42,185,372 | SC 13G/A | |
| Jan 24, 2023 | blackrock inc. | 9.97% | 35,492,016 | SC 13G | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 6.7% | 26,103,244 | SC 13G/A | |
| Feb 14, 2022 | state street corp | 6.24% | 24,180,390 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.64% | 45,092,319 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 8.1% | 31,451,662 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 10.1% | 40,043,391 | SC 13G/A | |
| Feb 12, 2021 | state street corp | 6.29% | 24,712,506 | SC 13G |
Recent SEC filings of International Paper
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 20, 2023 | 3/A | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 4 | Insider Trading |
IP Fair Value
Loading...
Peers (Alternatives to International Paper)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
AMCR | 15.2B | 14.7B | -2.01% | -17.33% | 15.58 | 1.02 | 1.03% | 30.19% |
IP | 15.1B | 20.2B | -1.00% | -1.95% | 14.55 | 0.75 | -1.89% | -43.54% |
AVY | 14.8B | 8.5B | 3.38% | 5.30% | 26.17 | 1.74 | -5.06% | -25.48% |
PKG | 13.4B | 8.0B | 3.36% | 27.11% | 12.92 | 1.56 | -4.57% | -15.25% |
| MID-CAP | ||||||||
ATR | 8.2B | 3.4B | 0.69% | 23.66% | 32.55 | 2.41 | 1.80% | 8.73% |
BERY | - | 13.0B | 0.57% | 24.32% | - | - | -11.84% | -13.80% |
WRK | 9.1B | 20.7B | 12.72% | 4.09% | -6.44 | 0.44 | -1.05% | -253.10% |
GPK | 7.0B | 9.7B | 6.33% | 7.44% | 9.93 | 0.73 | 15.45% | 147.72% |
SON | 5.4B | 7.0B | -1.54% | -7.63% | 11.13 | 0.77 | 7.08% | 13.87% |
SEE | 4.8B | 5.5B | -2.96% | -31.07% | 12.29 | 0.86 | -4.12% | -29.40% |
| SMALL-CAP | ||||||||
RFP | 1.7B | - | 2.67% | 75.78% | 3.96 | 0.44 | - | - |
UFPT | 1.2B | 386.0M | -2.59% | 77.12% | 24.74 | 3.18 | 41.57% | 138.63% |
SWM | 1.0B | 2.7B | - | - | -157.85 | 0.48 | 66.84% | -140.81% |
MYE | 664.5M | 865.1M | -3.32% | 3.08% | 13.11 | 0.77 | 0.79% | 4.87% |
International Paper News
Returns for IP
Cumulative Returns on IP
0.8%
10-Year Cumulative Returns
-0.7%
7-Year Cumulative Returns
-4.5%
5-Year Cumulative Returns
-2.6%
3-Year Cumulative Returns
Risks for IP
What is the probability of a big loss on IP?
76.2%
Probability that International Paper stock will be more than 20% underwater in next one year
49.2%
Probability that International Paper stock will be more than 30% underwater in next one year.
0%
Probability that International Paper stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does IP drawdown profile look like?
Y-axis is the maximum loss one would have experienced if International Paper was unfortunately bought at previous high price.
Drawdowns
Financials for International Paper
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -3.4% | 20,237 | 20,944 | 21,161 | 21,114 | 20,626 | 20,007 | 19,363 | 18,717 | 18,179 | 17,708 | 17,565 | 18,623 | 19,815 | 21,183 | 22,376 | 22,829 | 23,162 | 23,328 | 23,306 | 23,066 | 22,682 |
| S&GA Expenses | 2.7% | 1,369 | 1,333 | 1,293 | 1,322 | 1,328 | 1,424 | 1,385 | 1,284 | 1,301 | 1,237 | 1,353 | 1,357 | 1,384 | 1,454 | 1,449 | 1,648 | 1,666 | 1,276 | 1,723 | 1,272 | 1,268 |
| EBITDA | -100.0% | - | 2,072 | 2,226 | 1,957 | 2,601 | 2,275 | 2,278 | 2,487 | 1,756 | 1,604 | 1,178 | 1,739 | 1,905 | 2,001 | 2,411 | 2,374 | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.10* | 0.11* | 0.09* | 0.13* | 0.11* | 0.11* | 0.12* | 0.09* | 0.08* | 0.06* | 0.08* | 0.09* | 0.09* | 0.11* | 0.10* | - | - | - | - | - |
| Interest Expenses | 4.7% | -303 | -318 | -325 | -342 | -301 | -313 | -337 | -362 | -392 | -422 | -446 | -466 | -477 | -483 | -499 | -513 | -523 | -534 | -536 | -542 | -561 |
| Earnings Before Taxes | -18.9% | 1,111 | 1,370 | 1,511 | 1,233 | 1,317 | 1,055 | 999 | 979 | 784 | 773 | 329 | 705 | 955 | 1,048 | 1,604 | 1,586 | 1,687 | 1,843 | 1,781 | 1,596 | 1,500 |
| EBT Margin | -100.0% | - | 0.07* | 0.07* | 0.06* | 0.09* | 0.07* | 0.07* | 0.08* | 0.04* | 0.05* | 0.03* | 0.04* | 0.05* | 0.05* | 0.07* | 0.07* | - | - | - | - | - |
| Net Income | -21.0% | 1,040 | 1,316 | 1,504 | 1,929 | 1,842 | 1,763 | 1,752 | 1,798 | 1,138 | 972 | 482 | 494 | 634 | 660 | 1,225 | 1,376 | 1,594 | 1,707 | 2,012 | 3,156 | 2,989 |
| Net Income Margin | -100.0% | - | 0.06* | 0.07* | 0.09* | 0.09* | 0.08* | 0.08* | 0.08* | 0.06* | 0.05* | 0.02* | 0.02* | 0.03* | 0.03* | 0.05* | 0.06* | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 1,931 | 2,174 | 1,520 | 1,730 | 2,106 | 2,030 | 2,712 | 2,802 | 2,926 | 3,063 | 3,202 | 3,349 | 3,526 | 3,610 | 3,503 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.4% | 23,683 | 23,771 | 23,940 | 24,865 | 25,282 | 25,158 | 25,243 | 29,471 | 31,448 | 31,477 | 31,718 | 31,840 | 32,519 | 33,215 | 33,471 | 33,848 | 34,347 | 34,178 | 33,576 | 33,803 | 33,796 |
| Current Assets | -2.1% | 6,476 | 6,615 | 6,770 | 6,622 | 7,046 | 7,184 | 7,096 | 9,896 | 12,226 | 12,167 | 11,236 | 11,288 | 6,599 | 7,215 | 6,639 | 7,051 | 7,388 | 7,062 | 6,996 | 7,318 | 7,272 |
| Cash Equivalents | 17.3% | 746 | 636 | 804 | 511 | 826 | 1,031 | 1,295 | 3,621 | 706 | 787 | 595 | 678 | 847 | 1,239 | 511 | 697 | 787 | 641 | 589 | 1,026 | 1,073 |
| Inventory | -1.4% | 1,911 | 1,939 | 1,942 | 1,976 | 1,897 | 1,746 | 1,814 | 2,053 | 1,828 | 1,828 | 1,626 | 2,007 | 2,010 | 2,002 | 2,208 | 2,194 | 2,224 | 2,301 | 2,241 | 2,130 | 2,050 |
| Net PPE | 0.2% | 10,473 | 10,453 | 10,431 | 10,219 | 10,234 | 10,336 | 10,441 | 11,360 | 11,553 | 11,667 | 10,945 | 12,410 | 12,586 | 12,691 | 13,004 | 12,845 | 12,962 | 13,071 | 13,067 | 13,088 | 13,193 |
| Goodwill | 0.0% | 3,043 | 3,042 | 3,041 | 3,116 | 3,124 | 3,128 | 3,130 | 3,274 | 3,317 | 23.00 | 3,115 | 3,304 | 3,304 | 3,304 | 3,114 | 3,412 | 27.00 | 3,393 | 3,374 | 3,371 | 3,378 |
| Current Liabilities | -4.7% | 4,067 | 4,266 | 5,000 | 4,805 | 4,352 | 4,142 | 4,144 | 4,698 | 8,635 | 8,390 | 8,284 | 8,476 | 8,330 | 9,342 | 8,646 | 4,729 | 5,049 | 4,953 | 4,694 | 4,603 | 4,618 |
| Long Term Debt | 1.8% | 5,572 | 5,471 | 4,816 | 4,766 | 5,275 | 5,468 | 5,383 | 8,241 | 7,073 | 7,954 | 8,042 | 8,525 | - | 9,561 | 9,597 | - | - | - | - | - | - |
| LT Debt, Non Current | - | - | - | - | - | - | - | - | - | - | - | - | - | 9,432 | - | 9,597 | 9,957 | 10,050 | 9,965 | 10,015 | 10,700 | 10,805 |
| Shareholder's Equity | 0.2% | 8,404 | 8,389 | 8,497 | 9,488 | 9,043 | 8,887 | 9,082 | 9,623 | 8,354 | 7,771 | 7,868 | 7,096 | 7,060 | 6,861 | 7,718 | 7,456 | 7,499 | 7,469 | 7,383 | 7,058 | 6,864 |
| Retained Earnings | 0.7% | 9,938 | 9,866 | 9,855 | 10,340 | 9,557 | 9,218 | 9,029 | 9,103 | 8,442 | 8,214 | 8,070 | 8,122 | 8,123 | 8,062 | 8,408 | 8,447 | 8,302 | 8,211 | 7,465 | 7,353 | 6,988 |
| Additional Paid-In Capital | -0.2% | 4,688 | 4,699 | 4,725 | 4,702 | 4,675 | 4,670 | 4,668 | 6,371 | 6,330 | 6,267 | 6,325 | 6,302 | 6,283 | 6,252 | 6,297 | 6,261 | 6,229 | 6,159 | 6,280 | 6,256 | 6,219 |
| Accumulated Depreciation | 1.1% | 18,800 | 18,600 | 18,400 | 18,100 | 18,000 | 17,800 | 17,600 | 21,200 | 21,000 | 20,700 | 21,400 | 21,000 | 20,700 | 20,400 | 20,500 | 20,400 | 20,600 | 20,500 | 20,500 | 21,000 | 20,800 |
| Shares Outstanding | 0% | 449 | 449 | 449 | 449 | 449 | 449 | 449 | 449 | 473 | 473 | 449 | 473 | 473 | 473 | 473 | 473 | 473 | 473 | 473 | 473 | 473 |
| Minority Interest | - | - | - | - | - | - | - | - | 1.00 | 2.00 | 13.00 | 14.00 | 3.00 | 3.00 | 4.00 | 5.00 | 15.00 | 17.00 | 23.00 | 21.00 | 18.00 | 20.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 7.1% | 2,069 | 1,931 | 2,174 | 1,520 | 1,730 | 2,106 | 2,030 | 2,712 | 2,802 | 2,926 | 3,063 | 3,202 | 3,349 | 3,526 | 3,610 | 3,503 | 3,562 | 3,296 | 3,226 | 3,593 | 1,943 |
| Cashflow From Investing | -29.6% | -994 | -767 | -608 | -423 | 5,251 | 5,616 | 6,054 | 6,115 | 651 | 24.00 | -269 | -506 | -919 | -1,041 | -1,300 | -1,253 | -1,320 | -1,374 | -1,569 | -1,693 | -1,625 |
| Cashflow From Financing | 26.2% | -1,166 | -1,579 | -2,054 | -4,196 | -6,886 | -7,454 | -7,375 | -5,915 | -3,598 | -3,369 | -2,700 | -2,701 | -2,330 | -1,835 | -2,389 | -2,547 | -2,512 | -2,379 | -2,046 | -1,825 | -259 |
| Dividend Payments | -1.5% | 651 | 661 | 673 | 687 | 721 | 752 | 780 | 803 | 806 | 806 | 806 | 806 | 801 | 797 | 796 | 796 | 794 | 793 | 789 | 784 | 780 |
| Buy Backs | -34.3% | 679 | 1,033 | 1,284 | 1,507 | 1,449 | 1,112 | 839 | 425 | 214 | 156 | 42.00 | 42.00 | 116 | 347 | 535 | 735 | 861 | 930 | 732 | 533 | 332 |
IP Income Statement
2023-06-30Consolidated Statement of Operations - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |||||
| Net Sales | $ 4,682 | [1] | $ 5,389 | [1] | $ 9,702 | $ 10,626 | ||
| Costs and Expenses | ||||||||
| Cost of products sold | 3,360 | 3,806 | 7,002 | 7,645 | ||||
| Selling and administrative expenses | 336 | 300 | 717 | 641 | ||||
| Depreciation, amortization and cost of timber harvested | 244 | 267 | 485 | 528 | ||||
| Distribution expenses | 376 | 442 | 798 | 866 | ||||
| Taxes other than payroll and income taxes | 40 | 36 | 76 | 72 | ||||
| Net (gains) losses on mark to market investments | 0 | (3) | 0 | (49) | ||||
| Interest expense, net | 59 | 74 | 121 | 143 | ||||
| Non-operating pension expense (income) | 12 | (47) | 27 | (96) | ||||
| Earnings (loss) from continuing operations before income taxes and equity earnings | 255 | 514 | 476 | 876 | ||||
| Income tax provision (benefit) | 33 | 96 | 81 | 191 | ||||
| Equity earnings (loss), net of taxes | 0 | (2) | (1) | (2) | ||||
| Earnings (Loss) From Continuing Operations | 222 | 416 | 394 | 683 | ||||
| Discontinued operations, net of taxes | 13 | 95 | 13 | 188 | ||||
| Net Earnings (Loss) | $ 235 | $ 511 | $ 407 | $ 871 | ||||
| Basic Earnings (Loss) Per Share | ||||||||
| Basic earnings (loss) per share from continuing operations | $ 0.64 | $ 1.13 | $ 1.13 | $ 1.83 | ||||
| Discontinued operations, net of taxes | 0.04 | 0.26 | 0.04 | 0.51 | ||||
| Earnings Per Share, Basic, Total | 0.68 | 1.39 | 1.17 | 2.34 | ||||
| Diluted Earnings (Loss) Per Share | ||||||||
| Diluted earnings (loss) per share from continuing operations | 0.64 | 1.13 | 1.12 | 1.82 | ||||
| Discontinued operations, net of taxes | 0.04 | 0.25 | 0.04 | 0.50 | ||||
| Earnings Per Share, Diluted, Total | $ 0.68 | $ 1.38 | $ 1.16 | $ 2.32 | ||||
| Average Shares of Common Stock Outstanding – assuming dilution | 346.5 | 370.7 | 349.5 | 375.7 | ||||
| ||||||||
IP Balance Sheet
2023-06-30Consolidated Balance Sheet - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current Assets | ||
| Cash and temporary investments | $ 746 | $ 804 |
| Accounts and notes receivable, net | 3,140 | 3,284 |
| Contract assets | 490 | 481 |
| Inventories | 1,911 | 1,942 |
| Assets held for sale | 30 | 133 |
| Other current assets | 159 | 126 |
| Total Current Assets | 6,476 | 6,770 |
| Plants, Properties and Equipment, net | 10,473 | 10,431 |
| Investments | 183 | 186 |
| Long-Term Financial Assets of Variable Interest Entities (Note 14) | 2,303 | 2,294 |
| Goodwill | 3,043 | 3,041 |
| Overfunded Pension Plan Assets | 315 | 297 |
| Right of Use Assets | 449 | 424 |
| Deferred Charges and Other Assets | 441 | 497 |
| Total Assets | 23,683 | 23,940 |
| Current Liabilities | ||
| Notes payable and current maturities of long-term debt | 248 | 763 |
| Accounts payable | 2,394 | 2,708 |
| Accrued payroll and benefits | 385 | 355 |
| Other current liabilities | 1,040 | 1,174 |
| Total Current Liabilities | 4,067 | 5,000 |
| Long-Term Debt | 5,572 | 4,816 |
| Long-Term Nonrecourse Financial Liabilities of Variable Interest Entities (Note 14) | 2,110 | 2,106 |
| Deferred Income Taxes | 1,735 | 1,732 |
| Underfunded Pension Benefit Obligation | 283 | 281 |
| Postretirement and Postemployment Benefit Obligation | 139 | 150 |
| Long-Term Lease Obligations | 304 | 283 |
| Other Liabilities | 1,069 | 1,075 |
| Equity | ||
| Common stock, $1 par value, 2023 – 448.9 shares and 2022 – 448.9 shares | 449 | 449 |
| Paid-in capital | 4,688 | 4,725 |
| Retained earnings | 9,938 | 9,855 |
| Accumulated other comprehensive loss | (1,920) | (1,925) |
| Shareholders' Equity before Treasury Stock, Total | 13,155 | 13,104 |
| Less: Common stock held in treasury, at cost, 2023 – 102.9 shares and 2022 – 98.6 shares | 4,751 | 4,607 |
| Total Equity | 8,404 | 8,497 |
| Total Liabilities and Equity | $ 23,683 | $ 23,940 |
International Paper Company operates as a packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft. The Global Cellulose Fibers segment provides fluff, market, and specialty pulps that are used in absorbent hygiene products, such as baby diapers, feminine care, adult incontinence, and other non-woven products; tissue and paper products; and non-absorbent end applications, including textiles, filtration, construction material, paints and coatings, reinforced plastics, and other applications. It sells its products directly to end users and converters, as well as through agents, resellers, and paper distributors. The company was founded in 1898 and is headquartered in Memphis, Tennessee.