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 Corporation (NYSE: SLVM) is a paper manufacturer that describes itself as the world’s paper company, with mills in Europe, Latin America and North America. This news page aggregates company announcements, earnings releases and other updates that reflect how Sylvamo manages its uncoated freesheet and related paper businesses across these regions.
Investors and followers of SLVM can use this feed to review quarterly earnings releases, where Sylvamo reports net sales by region, operating profit by segment and commentary on uncoated freesheet industry conditions. These releases often include management’s discussion of price and mix, volumes, input costs, planned maintenance outages and non-GAAP measures such as adjusted operating earnings, adjusted EBITDA and free cash flow.
The news flow also covers capital allocation decisions, such as recurring quarterly dividends and share repurchase programs authorized by the board of directors. Announcements have detailed dividend amounts and timing, as well as the size and use of share repurchase authorizations, providing insight into how Sylvamo balances reinvestment in its mills and forest assets with returning cash to shareowners.
Governance and strategic updates appear in Sylvamo’s news as well. Examples include leadership transitions in the chief executive officer and chairman roles, changes in board composition, and the adoption of a limited-duration shareowner rights plan in response to Atlas Holdings’ ownership position and the end of a cooperation agreement. The company also issues releases when it schedules earnings webcasts, giving details on audio webcasts and replay access.
Because Sylvamo operates mills across three continents and maintains contractual relationships with International Paper, news items may also address supply agreements, mill investment projects and the company’s view of regional demand and pricing trends. For anyone tracking SLVM, this page offers a centralized view of the company’s own public communications over time.
Sylvamo (NYSE: SLVM) reported strong financial results for 2024, with net income reaching $302 million ($7.18 per diluted share), up from $253 million in 2023. The company achieved a 21% increase in earnings per share and a 14% rise in adjusted operating earnings per share.
Key financial metrics include Adjusted EBITDA of $632 million (17% margin) and free cash flow of $248 million. The company maintained strong shareholder returns, paying $62 million in dividends and repurchasing $68 million in common stock. Debt reduction of $154 million brought net debt to $591 million.
The company announced significant investments, including $145 million in high-return capital projects at its Eastover, South Carolina mill, expected to increase adjusted EBITDA by more than $50 million annually once completed. Project Horizon exceeded its cost reduction target, achieving $144 million in run rate savings versus the $110 million goal.
Sylvamo (NYSE: SLVM), known as the world's paper company, will release its fourth quarter earnings on Wednesday, Feb. 12, 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. To participate, call 800-715-9871 (U.S.) or +1-646-307-1963 (international) using access code 2859530. Participants should call in no later than 9:45 a.m. EST / 8:45 a.m. CST.
Replays are available at investors.sylvamo.com for one year and by phone for one week. To listen by phone, call 800-770-2030 (U.S.) or +1-609-800-9909 (international) with access code 2859530.
Sylvamo (NYSE: SLVM) has announced its board of directors has declared a quarterly dividend of $0.45 per share for Q1 2025. The dividend covers the period from January 1, 2025, to March 31, 2025. Shareholders of record as of January 6, 2025, will receive the payment on January 24, 2025.
Sylvamo (NYSE: SLVM) has regained access to $60 million previously held in escrow for disputed goodwill tax deductions in Brazil, following a favorable court ruling. The company plans to use these funds for debt reduction. The ruling, which covers two-thirds of the disputed amount, remains subject to appeal. Sylvamo aims to pay down $120 million in debt during Q4, which would represent a 47% reduction in gross debt since its 2021 spinoff. The escrow elimination removes previous restrictions that the company to $90 million in annual cash returns to shareholders.
Sylvamo (NYSE: SLVM) announced that John Sims, senior vice president and chief financial officer, will participate in Citi's 2024 Basic Materials Conference in New York. The event includes a fireside chat scheduled for 2 p.m. EST on Tuesday, Dec. 3, which will be available via webcast. Sims will also host individual meetings during the conference from Dec. 3-4. The presentation materials will be accessible on investors.sylvamo.com prior to the conference.
Sylvamo (NYSE: SLVM) reported strong third quarter 2024 results with net income of $95 million ($2.27 per share), up from $83 million in Q2. The company achieved Adjusted EBITDA of $193 million (20% margin) and free cash flow of $119 million. Volume improved by $10 million due to higher North American shipments. The company expects Q4 Adjusted EBITDA between $150-165 million, with projected price and mix decreases of $20-25 million. Sylvamo continues its Project Horizon cost reduction program, targeting to exceed $110 million in savings by end of 2024, and has repurchased $30 million in shares with $120 million remaining in authorization.
Sylvamo (NYSE: SLVM) and International Paper (NYSE: IP) have agreed to mutually terminate their supply agreement for uncoated freesheet, bristols and specialty papers at the Georgetown, South Carolina mill, effective December 31, 2024. Sylvamo is transitioning paper grades from Georgetown to its Ticonderoga, New York, and Eastover, South Carolina mills to maintain customer supply. The company aims to retain the most profitable products from Georgetown while reducing economic downtime in its mill system and improving product mix.
International Paper (NYSE: IP) announced a strategic review of its global cellulose fibers (GCF) business, which generated $2.9B in revenue in 2023. The GCF business operates across three countries with eight mills and two converting facilities, producing absorbent pulp for personal care products and specialty applications. Additionally, IP announced the permanent closure of its Georgetown, South Carolina mill by the end of 2024, affecting 674 employees. The Georgetown facility produces 300,000 tons of fluff pulp, which will be transferred to other mills. The company plans to maintain customer relationships while focusing on sustainable packaging solutions.
Sylvamo (NYSE: SLVM), the world's paper company, has announced the release of its third quarter earnings on Tuesday, Nov. 12, 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 to the webcast at investors.sylvamo.com. For those who wish to participate via phone, the call-in numbers are 800-715-9871 (U.S.) or +1-646-307-1963 (international), with access code 2975749. Participants should call in no later than 9:45 a.m. EST / 8:45 a.m. CST.
Replays will be available on the company's investor website for one year and by phone for one week. Phone replay numbers are 800-770-2030 (U.S.) or +1-609-800-9909 (international), using the same access code.
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.