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Sylvamo Corporation (SLVM)
:SLVM
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.78Last Year’s EPS
1.16Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2022
|% Change Since: -17.65%
|Next Earnings Date:Nov 10, 2021
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance, successful cost reduction initiatives, and positive legal outcomes, which were offset by challenges related to mill closures, unfavorable price and mix impacts, and increased costs. While there are significant positive aspects, the challenges and projected impacts balance the sentiment.Company Guidance
During the third quarter of 2024, Sylvamo reported robust financial results with an adjusted EBITDA of $193 million, marking a 20% margin and exceeding the projected range of $170 million to $185 million. The company generated a free cash flow of $119 million and adjusted operating earnings of $2.44 per share. Sylvamo is on track to surpass its Project Horizon cost savings goal of $110 million by up to $10 million by year-end. For the fourth quarter, the company anticipates adjusted EBITDA between $150 million and $165 million, despite expecting a price and mix headwind of $20 million to $25 million due to factors like pulp and paper price decreases in Europe. Additionally, Sylvamo plans to navigate the Georgetown mill closure, which is expected to result in a $40 million negative earnings impact, by optimizing product mix and leveraging efficiencies. The company remains committed to shareholder returns, aiming to distribute at least 40% of its cash flow to shareholders in 2024.Strong Third Quarter Performance
Sylvamo reported strong commercial and operational performance with adjusted EBITDA of $193 million, exceeding the outlook of $170 million to $185 million. The free cash flow generation was $119 million, and adjusted operating earnings were $2.44 per share.
Project Horizon Success
The cost reduction program, Project Horizon, is on target to exceed the $110 million year-end run rate savings goal by up to $10 million, before inflation.
Positive Legal Outcome in Brazil
A Brazilian Federal Regional Court ruled in Sylvamo's favor on a court case covering 2/3 of the disputed goodwill tax amount, which may lead to eliminating a $60 million escrow requirement.
Cash Flow Generation and Capital Allocation
Sylvamo generated outstanding free cash flow in the third quarter and committed to return at least 40% of cash flow to shareholders this year.
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SLVM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SLVM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $94.90 | $88.31 | -6.94% |
| Aug 09, 2024 | $66.83 | $74.94 | +12.14% |
| May 10, 2024 | $65.08 | $63.27 | -2.78% |
| Feb 15, 2024 | $44.49 | $55.20 | +24.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sylvamo Corporation (SLVM) report earnings?
Sylvamo Corporation (SLVM) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Sylvamo Corporation (SLVM) earnings time?
Sylvamo Corporation (SLVM) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SLVM EPS forecast?
SLVM EPS forecast for the fiscal quarter 2024 (Q4) is 1.78.
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