earnings
confidence high
sentiment positive
materiality 0.85
Sylvamo Q2 adjusted EBITDA $189M (20.7% margin); raises FY guidance
Sylvamo Corp
2022-Q2 EPS reported
-$0.74
revenue$1,733,000,000
- Net income from continuing ops $84M ($1.89 diluted EPS); adjusted operating earnings $90M ($2.02 EPS), above guidance.
- Adjusted EBITDA $189M (20.7% margin), $9M above high end of Q2 guidance; prior Q1 was $146M (17.8%).
- Raised FY 2022 adjusted EBITDA guidance to $740-780M (from $725-775M) and free cash flow to $170-190M.
- Repaid $48M of debt, gross debt-to-adjusted EBITDA ratio 2.2x; board authorized $150M share repurchase program.
- Russian operations classified as discontinued operations, pending sale; dividend maintained at $0.1125/share.