Sylvamo reports Q2 adjusted EPS 37c, consensus 41c

Reports Q2 revenue $794M, consensus $826.07M. “We delivered second quarter earnings in line with our outlook, overcoming a $13 million unfavorable foreign exchange impact while navigating the heaviest planned maintenance outage quarter in over five years,” said Jean-Michel Ribieras. “With 85% of our full year planned maintenance outages behind us, we are positioned for a stronger performance in the second half of the year as we expect seasonally stronger demand in North America and Latin America as well as improved operational performance.”