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Sylvamo Corporation - SLVM STOCK NEWS

Welcome to our dedicated page for Sylvamo Corporation news (Ticker: SLVM), a resource for investors and traders seeking the latest updates and insights on Sylvamo Corporation stock.

Sylvamo Corporation (SLVM) is a global leader in producing uncoated freesheet (UFS) paper products, boasting an extensive portfolio of top-tier brands and operating some of the most efficient and large-scale paper mills in the industry. Our company specializes in producing Copy and Printer papers, Commercial Printing papers, Converting papers, and Specialty papers, catering to a wide range of needs from everyday printing to specialized industrial applications.

Sylvamo operates in three key geographical segments: Europe, Latin America, and North America, ensuring a broad market presence and diversified revenue streams. With a commitment to sustainability, Sylvamo believes in the promise of paper to educate, communicate, and entertain, while maintaining an enduring bond to renewable natural resources.

Our purpose is to produce the paper you need in the most responsible and sustainable ways, aiming high to innovate and create value for our customers and investors. We are not just a paper company; we are a community-focused organization dedicated to the well-being of our forests, communities, and all stakeholders who rely on our products. From the forests we love to the communities where we live, we understand that the well-being of each part of the ecosystem is interconnected.

At Sylvamo, we are driven by a vision to help the world realize the promise of paper. Our latest projects and achievements reflect our relentless pursuit of excellence and sustainable growth. With a strong financial foundation, strategic partnerships, and a commitment to responsible practices, we are poised to lead the future of the paper industry.

Stay informed with the latest updates on our performance, events, and developments to understand how Sylvamo continues to innovate and uphold its values. Join us on our journey to make a lasting impact in the world of paper.

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Sylvamo (NYSE: SLVM) announced that John Sims, Senior Vice President and Chief Financial Officer, will take part in a fireside chat and host meetings at the 2024 Wells Fargo Industrials Conference. The event is set for Tuesday, June 11, in Chicago, Illinois, with the fireside chat starting at 10:15 a.m. CDT. This session will be streamed online, and interested parties can register to watch the webcast. Presentation materials will be accessible at investors.sylvamo.com before the conference commences.

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Sylvamo's board of directors has declared a quarterly dividend increase of 50%, from $0.30 to $0.45 per share, applicable for the period between July 1, 2024, and September 30, 2024. The dividend will be payable on July 29, 2024, to shareholders of record by July 8, 2024. This marks the third increase in two years, reflecting the company's commitment to returning substantial cash to shareholders. CEO Jean-Michel Ribiéras expressed confidence in the company's future and the opportunities ahead.

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Sylvamo (NYSE: SLVM) reported first quarter 2024 earnings meeting expectations. Net income of $43 million ($1.02 per diluted share) and Adjusted EBITDA of $118 million (13% margin). Commercial highlights include stable price and mix, decreased volume, improved costs, and outlook for second quarter with adjusted EBITDA of $145-160 million.

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Sylvamo (NYSE: SLVM) will release first quarter earnings on May 10, with an audio webcast for investors. Replay options available for both web and phone.
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Sylvamo (SLVM) to participate in fireside chat at BofA Securities 2024 Global Agriculture and Materials Conference. John Sims and other leaders to present, webcast available. Register online for the event.
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Sylvamo (SLVM) announces a quarterly dividend of $0.30 per share for the period of April 1, 2024, to June 30, 2024, payable on April 29, 2024.
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Sylvamo (NYSE: SLVM) reports financial highlights for the full year 2023 and the fourth quarter, including net income, adjusted operating earnings, and EBITDA. The company experienced an increase in net sales for the fourth quarter compared to the third quarter, but a decrease in net income and adjusted EBITDA. Sylvamo also provides insights into its commercial and operational highlights, along with a first-quarter outlook and management summary.
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Sylvamo (NYSE: SLVM) will release its fourth quarter earnings on February 15 before the start of trading on the New York Stock Exchange. The company will host an audio webcast at 10 a.m. EST / 9 a.m. CST. Interested parties can listen at investors.sylvamo.com or call in to participate. Replays will be available for one year online and for 90 days by phone.
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Sylvamo (NYSE: SLVM) declares a quarterly dividend of $0.30 per share for the period of Jan. 1, 2024, to March 31, 2024. The dividend is payable on Jan. 25, 2024, to holders of record at the close of business on Jan. 4, 2024.
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SLVM: Sylvamo Releases Strong Q3 2023 Earnings, Expects Free Cash Flow of Over $270M. Initiates Cost Reduction Program 'Project Horizon' for Run Rate Savings of at Least $110M by 2024
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FAQ

What is the current stock price of Sylvamo Corporation (SLVM)?

The current stock price of Sylvamo Corporation (SLVM) is $89.58 as of December 4, 2024.

What is the market cap of Sylvamo Corporation (SLVM)?

The market cap of Sylvamo Corporation (SLVM) is approximately 3.7B.

What does Sylvamo Corporation specialize in?

Sylvamo Corporation specializes in producing uncoated freesheet (UFS) paper products, including Copy and Printer papers, Commercial Printing papers, Converting papers, and Specialty papers.

What are the key geographical segments of Sylvamo?

Sylvamo operates in three geographical segments: Europe, Latin America, and North America.

What is the significance of Sylvamo's commitment to sustainability?

Sylvamo is committed to producing paper in responsible and sustainable ways, reflecting our belief in the promise of paper to educate, communicate, and entertain while maintaining a bond with renewable natural resources.

How does Sylvamo create value for its customers and investors?

Sylvamo aims high, innovates, and focuses on sustainable practices to create value for its customers and investors, ensuring long-term growth and success.

What recent achievements has Sylvamo made?

Sylvamo's recent achievements include advancements in sustainable practices, strategic partnerships, and maintaining strong financial health, positioning itself as a leader in the paper industry.

What types of paper products does Sylvamo offer?

Sylvamo offers a wide range of paper products, including Copy and Printer papers, Commercial Printing papers, Converting papers, and Specialty papers.

Why is Sylvamo referred to as 'the world's paper company'?

Sylvamo is referred to as 'the world's paper company' due to its global presence, extensive product portfolio, and commitment to the entire ecosystem, from forests to communities.

How does Sylvamo support the communities where it operates?

Sylvamo supports the communities where it operates by focusing on sustainable practices, creating jobs, and engaging in community development initiatives.

What is Sylvamo's vision for the future of paper?

Sylvamo's vision for the future of paper is to help the world realize the promise of paper through innovation, sustainability, and community-focused efforts.

How can I stay updated with Sylvamo's latest news and developments?

You can stay updated with Sylvamo's latest news and developments by following their official announcements, visiting their website, and subscribing to updates on financial and industry news platforms.

Sylvamo Corporation

NYSE:SLVM

SLVM Rankings

SLVM Stock Data

3.67B
34.31M
0.79%
98.71%
2.3%
Paper & Paper Products
Paper Mills
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United States of America
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