secwatch.observer — SEC 8-K summary
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Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0001856485-22-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sylvamo Q1 adjusted EPS $1.97 vs $1.71 prior qtr; Russia exit with $68M impairment charge
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000185648522000015/0001856485-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000185648522000015/syl-20220511.htm
  HTML page:      https://secwatch.observer/filing/0001856485-22-000015

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