earnings
confidence high
sentiment neutral
materiality 0.80
Sylvamo Q1 adjusted EPS $1.97 vs $1.71 prior qtr; Russia exit with $68M impairment charge
Sylvamo Corp
2022-Q1 EPS reported
$0.59
revenue$977,000,000
- Net income $26M ($0.59 diluted) includes $68M impairment for Russia operations; adjusted operating earnings $87M ($1.97 diluted).
- Adjusted EBITDA $187M (19.1% margin) vs $170M (17.5%) in Q4 2021; net sales $977M up from $972M.
- Repaid $33M of debt; gross debt-to-adjusted EBITDA 2.1x; free cash flow $73M.
- Exiting Russia; pursuing orderly sale of Russian business; full-year guidance ex-Russia: adj. EBITDA $725-775M, FCF $160-180M.
- Q2 outlook: price/mix improvement $60-65M; higher input and maintenance costs expected.