secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001856485-22-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sylvamo Q2 adjusted EBITDA $189M (20.7% margin); raises FY guidance
-------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000185648522000023/0001856485-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000185648522000023/syl-20220811.htm
  HTML page:      https://secwatch.observer/filing/0001856485-22-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer