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) 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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