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 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.
Sylvamo (NYSE: SLVM), the world’s paper company, will participate in a panel discussion at the BofA Securities 2022 Global Agriculture and Materials Conference on March 2-3 in Fort Lauderdale, Florida. Key executives, including CEO Jean-Michel Ribiéras and CFO John Sims, will present and discuss opportunities in the pulp and paper sector, starting March 2 at 3:50 p.m. EST. The event will be streamed online, with registration available here. The presentation will also be available on the Sylvamo investor site.