Welcome to our dedicated page for Sylvamo news (Ticker: SLVM), a resource for investors and traders seeking the latest updates and insights on Sylvamo stock.
Sylvamo Corp (SLVM) delivers essential paper solutions through sustainable production of uncoated freesheet and specialty papers across global markets. This news hub provides investors and industry stakeholders with timely updates on corporate developments shaping the paper manufacturing sector.
Access authoritative reporting on earnings announcements, strategic initiatives, and sustainability advancements from one verified source. Our curated collection includes press releases covering product innovations, operational updates from North American/European/Latin American facilities, and market positioning developments.
Key updates focus on Sylvamo's core competencies: cost-efficient paper mill operations, renewable resource utilization, and specialty paper applications for commercial printing and industrial converting. Monitor evolving strategies in sustainable production methods that maintain the company's competitive edge.
Bookmark this page for streamlined access to SLVM's official communications and third-party analysis. Check regularly for updates impacting paper industry dynamics and Sylvamo's role as a leader in responsible manufacturing practices.
Sylvamo (NYSE: SLVM), the world's paper company, announced that its chairman and CEO, Jean-Michel Ribiéras, will be hosting individual meetings at the RBC Capital Markets 2024 Global Industrials Conference in Las Vegas, Nevada. The meetings are scheduled for Wednesday, Sept. 25.
This participation in a major industry conference suggests Sylvamo's commitment to engaging with investors and analysts, potentially discussing the company's performance, strategy, and outlook. The one-on-one format allows for more in-depth conversations and relationship-building with key stakeholders in the industrial sector.
Sylvamo (NYSE: SLVM) has announced a quarterly dividend of $0.45 per share for the period of Oct. 1, 2024, to Dec. 31, 2024. The dividend will be payable on Oct. 17, 2024, to shareholders of record at the close of business on Oct. 3, 2024. This announcement demonstrates Sylvamo's commitment to returning value to its shareholders through regular dividend payments.
Sylvamo (NYSE: SLVM) released its second quarter 2024 earnings, showing improved financial performance. Net income increased to $83 million ($1.98 per diluted share) from $43 million in Q1. Adjusted EBITDA rose to $164 million (18% margin) from $118 million. The company saw improvements in price and mix, volume, and operational costs across all regions. Sylvamo refinanced long-term debt, extending its maturity profile. The board declared a 50% dividend increase to $0.45 per share. The company is on target to achieve run rate savings of $110 million by end of 2024 through Project Horizon. Third quarter outlook projects Adjusted EBITDA of $170-185 million.
Sylvamo (NYSE: SLVM) will release its second-quarter earnings on Friday, August 9, before the New York Stock Exchange opens. The company will host an audio webcast at 10 a.m. EDT / 9 a.m. CDT, accessible via investors.sylvamo.com. Interested parties can call +1-844-867-6169 (U.S.) or +1-409-207-6975 (international) with access code 4990882 to participate. Participants should dial in by 9:45 a.m. EDT / 8:45 a.m. CDT. Replays will be available at investors.sylvamo.com for one year and by phone for 90 days starting at 2 p.m. EDT / 1 p.m. CDT on the day of the call. To access the replay by phone, call +1-866-207-1041 (U.S.) or +1-402-970-0847 (international) with access code 8081310.
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.
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.
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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