International Paper Co. (IP) in Memphis, Tenn., is a global leader in the production of renewable fiber-based products. It provides corrugated packaging materials that preserve and promote goods while also facilitating worldwide commerce and pulp for diapers, tissue, and other personal hygiene products that promote health and well-being.
The company's shares rose 5.6% in price in premarket trading last week after the paper and packaging firm posted a first-quarter profit that exceeded expectations by a wide margin and said it anticipated margin improvement in the current quarter as earlier pricing hikes outstrip increasing expenses.
