Sylvamo Quarterly Results Exceed Outlook, Generates Strong Free Cash Flow
Sylvamo Corporation (SLVM)
Company Research
Source: Business Wire
MEMPHIS, Tenn.--(BUSINESS WIRE)--Sylvamo (NYSE: SLVM), the world’s paper company, is releasing third quarter 2024 earnings.Financial Highlights – Third Quarter vs. Second QuarterNet income of $95 million ($2.27 per diluted share) vs. $83 million ($1.98 per diluted share)Adjusted operating earnings1 of $102 million ($2.44 per diluted share) vs. $83 million ($1.98 per diluted share)Adjusted EBITDA2 of $193 million (20% margin) vs. $164 million (18% margin)Cash provided by operating activities of $163 million vs. $115 millionFree cash flow3 of $119 million vs. $62 millionCommercial and Operational Highlights – Third Quarter vs. Second QuarterPrice and mix decreased by $4 million due to mix in North AmericaVolume improved by $10 million due to higher shipments in North AmericaOperations and other costs increased slightly by $1 millionPlanned maintenance outage expenses decreased by $28 million due to no major annual outagesInput and transportation costs increased by $4 million, primar
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SLVM
News
- Sylvamo Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Sylvamo Corp (SLVM) Q3 2024 Earnings Call Highlights: Strong Financial Performance Amid ... [Yahoo! Finance]Yahoo! Finance
- Sylvamo, International Paper Terminate Georgetown Supply Agreement [Yahoo! Finance]Yahoo! Finance
- Sylvamo, International Paper Terminate Georgetown Supply AgreementBusiness Wire
- Zacks Industry Outlook Highlights Suzano, Stora Enso Oyj, Klabin, Sylvamo and Sappi [Yahoo! Finance]Yahoo! Finance
SLVM
Earnings
- 11/12/24 - Beat
SLVM
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- SLVM's page on the SEC website