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Based in Memphis, International Paper Company (IP) is a leading global producer of renewable fiber-based products. With a market cap of $16 billion, the company specializes in manufacturing corrugated packaging and pulp used in personal care items such as diapers and tissue, supporting health and wellness.
Shares of the packaging company have outpaced the broader market over the past year. While IP has surged 25.6% over this time frame, the broader S&P 500 Index ($SPX) is up 18.5%. The stock has soared 27.1% in 2024 alone, higher than SPX’s 12.1% return on a YTD basis.