Successful Leadership Transition
Jean-Michel Ribiéras announced his retirement, and John Sims will become the next CEO of Sylvamo. Don Devlin has been named the new CFO, effective May 1, 2025.
Cash Returns to Shareholders
Sylvamo returned nearly $40 million in cash to shareholders, distributing $18 million via dividends and repurchasing $20 million in shares.
Adjusted EBITDA Achieved
The company achieved adjusted EBITDA of $90 million, within the expected range of $85 million to $105 million, with an 11% margin.
Future Cash Flow Expectations
Sylvamo anticipates significantly better adjusted EBITDA performance in the second half of the year due to lower maintenance costs and improved operations.