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) 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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