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) declared a quarterly dividend of $0.1125 per share for the period from October 1, 2022 to December 31, 2022. This dividend is payable on October 17, 2022 to shareholders on record by the close of business on October 3, 2022. The company reported net sales of $3.5 billion for 2021 and employs over 7,500 colleagues across its mills in Europe, Latin America, and North America.
Sylvamo (NYSE: SLVM) has announced its acquisition of Stora Enso's uncoated freesheet paper mill in Nymolla, Sweden, for 150 million euros (approx. $150 million). This acquisition is expected to enhance Sylvamo's product mix and support its operational goals. The mill produces approximately 500,000 short tons of uncoated freesheet annually and generated 350 million euros in revenue over the last 12 months. The deal, which is subject to regulatory approval, is anticipated to close by Q1 2023.
Sylvamo (NYSE: SLVM) reported a strong second quarter of 2022 with net income of $84 million ($1.89 per diluted share), up from $55 million ($1.25) in Q1. Adjusted EBITDA rose to $189 million (20.7% margin), exceeding guidance. The company raised its full-year adjusted EBITDA forecast to $740-$780 million, and free cash flow expectations to $170-$190 million. Sylvamo is committed to reducing debt, with $48 million repaid, achieving a 2.2x gross debt-to-adjusted EBITDA ratio. The Russian operations are now classified as discontinued. A quarterly dividend of $0.1125 was paid in July.
Sylvamo (NYSE: SLVM) is set to release its second-quarter earnings on August 11, before market opening.
The company will hold an audio webcast at 10 a.m. EDT for stakeholders to follow the earnings report. Interested participants can join by calling the provided numbers.
With operations in Europe, Latin America, and North America, Sylvamo generated $3.5 billion in net sales in 2021, employing over 7,500 individuals.
Sylvamo's board declared a quarterly dividend of $0.1125 per share for July 1 to September 30, 2022, payable on July 15, 2022. The company also announced a $150 million share repurchase program aimed at enhancing shareholder value. CEO Jean-Michel Ribiéras noted that strong free cash flow will support these initiatives while also facilitating ongoing debt reduction. The repurchase program is flexible and subject to market conditions.
Sylvamo (NYSE: SLVM) announced its first-quarter 2022 earnings, reporting a net income of $26 million ($0.59 per diluted share), down from $62 million in the previous quarter. The results include a $68 million impairment charge for Russian operations. Adjusted EBITDA rose to $187 million (19.1% margin), with free cash flow at $73 million. Despite challenges from input cost inflation, management remains optimistic, projecting an adjusted EBITDA between $725 million and $775 million for the year, excluding Russia. The company plans to exit its Russian business in an orderly manner.
Sylvamo (NYSE: SLVM) has adopted a shareholder rights plan to protect long-term shareholder value amid significant stock accumulation by Atlas Holdings, which now possesses nearly 14% of Sylvamo's outstanding shares. The rights plan, effective immediately, aims to prevent hostile takeovers and ensure shareholders are compensated for control transfers. It allows existing shareholders to buy additional shares at a 50% discount if the rights are triggered, expiring on April 21, 2023. Sylvamo's board plans to maintain dialogue with Atlas and believes its current market price does not reflect its intrinsic value.
Sylvamo (NYSE: SLVM) will announce its first-quarter earnings on May 11, before the market opens. The audio webcast will take place at 10 a.m. EDT, allowing all interested parties to listen via investors.sylvamo.com. Participants can join by calling +1-855-982-8078 in the U.S. or +1-469-886-1931 internationally, with a conference ID of 3782388. Replays will be available on the website for one year and by phone for 90 days. Sylvamo, headquartered in Memphis, Tennessee, reported net sales of $3.5 billion in 2021.
Sylvamo (NYSE: SLVM) is suspending operations in Russia to prioritize employee safety and environmental stewardship amid the ongoing conflict in Ukraine. The company has expressed deep concern over the humanitarian crisis and announced a $250,000 donation to the International Committee of the Red Cross for Ukrainian assistance. Sylvamo will evaluate its future operations in Russia, including potential exits, while adhering to legal restrictions and sanctions. The company reaffirmed that it is not initiating bankruptcy or liquidation proceedings in Russia.
Sylvamo (NYSE: SLVM) is facing supply chain challenges that may lead to curtailing or temporarily shutting down operations at its Svetogorsk mill in Russia due to inadequate raw material supplies. This mill, which employs around 1,700 people, produces uncoated freesheet, coated paperboard, and pulp, relying on imports from Europe. Despite these challenges, Sylvamo reports strong momentum in Latin America and North America, and Russian operations accounted for roughly 15% of total revenue in 2021. The company continues to monitor the situation in Ukraine.