Don't panic — International Paper CEO says there will be 'plenty' of toilet paper and diapers [CNBC]
International Paper Company (IP)
Last international paper company earnings: 4/30 07:00 am
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Source: CNBC
The shelves of some stores may not have toilet paper and diapers, but the products are weaving through the supply chain, International Paper Mark Sutton "Diapers and toilet paper, there's plenty of it," Sutton said on " Squawk Box The dramatic increase in demand for products such as toilet paper, paper towels and diapers due to the coronavirus will not last forever, Sutton said. "Hopefully when people realize they have a lot of diapers they'll slow down their purchases," said Sutton, whose company is one of the largest makers of fiber-based packaging, pulp and paper in the world. International Paper makes materials for diapers supplying pulp products The supply of raw materials needed to make items such as toilet paper and diapers is "running wide open," Sutton said. "I do think it's a little bit of dislocated demand that should settle out over time," said Sutton, who is also on the board of Kroger The spread of COVID-19 has brought the American economy to a near halt and disrupted da
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- International Paper (NYSE: IP) was downgraded by analysts at BNP Paribas from a "neutral" rating to an "underperform" rating. They now have a $48.20 price target on the stock.MarketBeat
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IP
Earnings
- 10/31/24 - Beat
IP
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- IP's page on the SEC website