secwatch.observer — SEC 8-K summary
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Issuer:     Sylvamo Corp (SLVM)
CIK:        0001856485
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001856485-22-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sylvamo Q3 net income $109M, div up to $0.25, sells Russia for $420M, buys Sweden mill
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- Net income from continuing ops $109M ($2.44 diluted EPS) vs $84M in Q2 2022; revenue $968M, up from $912M.
- Adjusted EBITDA $216M (22.3% margin); free cash flow $114M vs $39M in Q2.
- Board approved quarterly dividend increase to $0.25/share, payable Jan 25, 2023 to record Jan 4.
- Completed sale of Russian ops for $420M, netting ~$390M cash; reduced gross debt to <$1B, leverage <1.5x.
- Agreed to acquire Nymolla mill in Sweden for ~€150M ($150M); expected to close Q1 2023, accretive with >$20M synergies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1856485/000185648522000036/0001856485-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1856485/000185648522000036/syl-20221110.htm
  HTML page:      https://secwatch.observer/filing/0001856485-22-000036

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